Tdam USA Inc. trimmed its holdings in shares of Duke Energy Corp (NYSE:DUK) by 4.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,799 shares of the utilities provider’s stock after selling 11,103 shares during the period. Duke Energy accounts for approximately 1.3% of Tdam USA Inc.’s holdings, making the stock its 17th largest holding. Tdam USA Inc.’s holdings in Duke Energy were worth $21,887,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Financial Advisory Service Inc. boosted its position in Duke Energy by 0.3% in the 2nd quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock valued at $562,000 after buying an additional 17 shares during the last quarter. Valley National Advisers Inc. boosted its position in Duke Energy by 0.7% in the 1st quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after buying an additional 18 shares during the last quarter. Hodges Capital Management Inc. boosted its position in Duke Energy by 0.3% in the 2nd quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock valued at $594,000 after buying an additional 19 shares during the last quarter. Accredited Investors Inc. boosted its position in Duke Energy by 0.7% in the 2nd quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock valued at $235,000 after buying an additional 19 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its position in Duke Energy by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock valued at $699,000 after buying an additional 24 shares during the last quarter. 57.24% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Corp (NYSE DUK) opened at $86.54 on Tuesday. Duke Energy Corp has a 12-month low of $76.14 and a 12-month high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The stock has a market capitalization of $61,475.36, a price-to-earnings ratio of 19.74, a PEG ratio of 4.80 and a beta of 0.26.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Friday, November 17th were issued a dividend of $0.89 per share. The ex-dividend date was Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 4.11%. Duke Energy’s dividend payout ratio is presently 117.49%.
A number of 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 reiterated a “hold” rating and issued a $87.00 price objective on shares of Duke Energy in a research report on Wednesday, October 4th. J P Morgan Chase & Co increased their price objective on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley increased their price objective on Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Finally, BidaskClub upgraded Duke Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy presently has an average rating of “Hold” and an average price target of $87.21.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.07% of the company’s stock.
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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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