Close Asset Management Ltd trimmed its holdings in Duke Energy Corp (NYSE:DUK) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,371 shares of the utilities provider’s stock after selling 1,150 shares during the quarter. Close Asset Management Ltd’s holdings in Duke Energy were worth $3,985,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Nelson Roberts Investment Advisors LLC bought a new position in Duke Energy in the third quarter worth $112,000. Global Trust Asset Management LLC bought a new position in shares of Duke Energy during the fourth quarter valued at $115,000. Shamrock Asset Management LLC bought a new position in shares of Duke Energy during the fourth quarter valued at $115,000. Wealthcare Advisory Partners LLC bought a new position in shares of Duke Energy during the third quarter valued at $131,000. Finally, Acropolis Investment Management LLC bought a new position in shares of Duke Energy during the fourth quarter valued at $131,000. 57.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy Corp (NYSE:DUK) opened at $75.34 on Thursday. Duke Energy Corp has a 12 month low of $72.93 and a 12 month high of $91.80. The firm has a market capitalization of $53,438.07, a price-to-earnings ratio of 17.28, a PEG ratio of 4.37 and a beta of 0.12. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.73%. Duke Energy’s dividend payout ratio (DPR) is presently 81.65%.
A number of brokerages have issued reports on DUK. SunTrust Banks set a $82.00 price objective on Duke Energy and gave the company a “hold” rating in a report on Wednesday, January 3rd. Morgan Stanley cut their price objective on Duke Energy from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. Guggenheim reissued a “buy” rating and set a $82.00 price objective on shares of Duke Energy in a report on Friday, February 23rd. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Wolfe Research raised Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $86.04.
In other news, COO Dhiaa M. Jamil sold 500 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $89.08, for a total value of $44,540.00. Following the completion of the sale, the chief operating officer now directly owns 34,115 shares in the company, valued at $3,038,964.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.07% of the company’s stock.
Duke Energy Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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