Pacer Advisors Inc. lifted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,856 shares of the utilities provider’s stock after acquiring an additional 1,677 shares during the period. Pacer Advisors Inc.’s holdings in Duke Energy were worth $1,498,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Duke Energy by 3.2% during the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock worth $4,183,115,000 after buying an additional 1,572,216 shares during the period. BlackRock Inc. increased its position in Duke Energy by 1.2% during the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock worth $3,612,384,000 after buying an additional 506,596 shares during the period. Federated Investors Inc. PA increased its position in Duke Energy by 1.5% during the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock worth $791,919,000 after buying an additional 141,551 shares during the period. Massachusetts Financial Services Co. MA increased its position in Duke Energy by 33.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after buying an additional 2,345,114 shares during the period. Finally, Northern Trust Corp increased its position in Duke Energy by 0.9% during the second quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock worth $757,629,000 after buying an additional 84,730 shares during the period. 57.34% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Corp (DUK) opened at $87.84 on Friday. The stock has a market capitalization of $61,289.86, a P/E ratio of 19.68, a PEG ratio of 4.79 and a beta of 0.26. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a twelve month low of $75.78 and a twelve month high of $91.80.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.05%. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. 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 insiders.
Several research analysts have commented on DUK shares. Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. SunTrust Banks reaffirmed a “hold” rating and set a $87.00 price target on shares of Duke Energy in a research report on Wednesday, October 4th. J P Morgan Chase & Co lifted their price target on Duke Energy from $83.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley boosted their target price on Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Finally, BidaskClub raised Duke Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $87.21.
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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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