Jones Financial Companies Lllp raised its holdings in Duke Energy Corp (NYSE:DUK) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,958 shares of the utilities provider’s stock after purchasing an additional 987 shares during the period. Jones Financial Companies Lllp’s holdings in Duke Energy were worth $3,613,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in Duke Energy by 0.9% in the 4th quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock valued at $3,826,940,000 after purchasing an additional 424,604 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Duke Energy by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 7,495,715 shares of the utilities provider’s stock worth $629,156,000 after acquiring an additional 165,972 shares during the period. Deutsche Bank AG lifted its holdings in shares of Duke Energy by 1.2% during the 4th quarter. Deutsche Bank AG now owns 6,427,804 shares of the utilities provider’s stock worth $540,637,000 after acquiring an additional 78,580 shares during the period. Legal & General Group Plc lifted its holdings in shares of Duke Energy by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock worth $422,872,000 after acquiring an additional 164,381 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Duke Energy by 69.3% during the 4th quarter. Renaissance Technologies LLC now owns 4,302,017 shares of the utilities provider’s stock worth $361,843,000 after acquiring an additional 1,760,350 shares during the period. 57.13% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Corp (NYSE DUK) opened at $76.13 on Monday. The stock has a market cap of $53,298.05, a P/E ratio of 17.46, a P/E/G ratio of 4.38 and a beta of 0.15. Duke Energy Corp has a 12-month low of $72.93 and a 12-month high of $91.80. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 1.17.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio is 81.65%.
In related news, COO Dhiaa M. Jamil sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total transaction of $44,540.00. Following the completion of the transaction, the chief operating officer now directly owns 34,115 shares in the company, valued at approximately $3,038,964.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.
A number of brokerages have recently weighed in on DUK. SunTrust Banks set a $82.00 price target on shares of Duke Energy and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Morgan Stanley cut their price target on shares of 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 reaffirmed a “buy” rating and set a $82.00 price target on shares of Duke Energy in a report on Friday, February 23rd. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Credit Suisse Group raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $91.00 to $83.00 in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and a consensus target price of $86.33.
About Duke Energy
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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