Janney Montgomery Scott LLC Boosts Position in Duke Energy Corp (DUK)

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Janney Montgomery Scott LLC increased its stake in shares of Duke Energy Corp (NYSE:DUK) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 252,593 shares of the utilities provider’s stock after buying an additional 10,863 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Duke Energy were worth $21,799,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Morgan Stanley increased its holdings in Duke Energy by 13.8% in the 3rd quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock valued at $303,498,000 after buying an additional 460,092 shares during the period. Union Bankshares Corp grew its holdings in shares of Duke Energy by 43.4% in the 4th quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock worth $724,000 after purchasing an additional 2,536 shares during the last quarter. Putnam Investments LLC grew its holdings in shares of Duke Energy by 0.9% in the 3rd quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock worth $20,737,000 after purchasing an additional 2,344 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Duke Energy by 207.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 109,460 shares of the utilities provider’s stock worth $8,759,000 after purchasing an additional 73,915 shares during the last quarter. Finally, First National Bank of Omaha grew its holdings in shares of Duke Energy by 0.8% in the 4th quarter. First National Bank of Omaha now owns 54,166 shares of the utilities provider’s stock worth $4,675,000 after purchasing an additional 430 shares during the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

DUK has been the topic of several analyst reports. Zacks Investment Research raised shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Wednesday, December 12th. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Barclays upped their target price on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Wells Fargo & Co lowered their target price on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Finally, Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and an average price target of $85.00.

Shares of NYSE DUK opened at $90.30 on Monday. The stock has a market cap of $64.37 billion, a P/E ratio of 19.76, a P/E/G ratio of 3.65 and a beta of 0.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.68. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.35.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 15th will be given a dividend of $0.9275 per share. The ex-dividend date is Thursday, February 14th. This represents a $3.71 annualized dividend and a yield of 4.11%. Duke Energy’s dividend payout ratio (DPR) is 81.18%.

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Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Read More: How to calculate the intrinsic value of a stock

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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