Carmichael Hill & Associates Inc. bought a new position in shares of Duke Energy Corp (NYSE:DUK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,142 shares of the utilities provider’s stock, valued at approximately $348,000.
Several other large investors also recently modified their holdings of the company. Hudock Capital Group LLC increased its position in shares of Duke Energy by 0.3% during the second quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock worth $699,000 after acquiring an additional 24 shares during the period. Shoker Investment Counsel Inc. increased its position in shares of Duke Energy by 0.6% during the second quarter. Shoker Investment Counsel Inc. now owns 4,512 shares of the utilities provider’s stock worth $377,000 after acquiring an additional 28 shares during the period. Laurel Wealth Advisors Inc. increased its position in shares of Duke Energy by 0.3% during the second quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock worth $1,056,000 after acquiring an additional 32 shares during the period. South Texas Money Management Ltd. increased its position in shares of Duke Energy by 1.1% during the second quarter. South Texas Money Management Ltd. now owns 3,346 shares of the utilities provider’s stock worth $280,000 after acquiring an additional 36 shares during the period. Finally, Lbmc Investment Advisors LLC increased its holdings in Duke Energy by 0.8% during the second quarter. Lbmc Investment Advisors LLC now owns 5,778 shares of the utilities provider’s stock valued at $483,000 after buying an additional 44 shares during the period. 57.24% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on DUK. Royal Bank of Canada reissued a “buy” rating and set a $91.00 price objective on shares of Duke Energy in a report on Thursday, February 1st. UBS Group began coverage on shares of Duke Energy in a report on Friday, February 2nd. They set a “buy” rating and a $91.00 price objective on the stock. SunTrust Banks set a $80.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a report on Monday. Credit Suisse Group raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $91.00 to $83.00 in a report on Tuesday, January 23rd. Finally, Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $87.98.
Shares of Duke Energy Corp (NYSE:DUK) opened at $74.32 on Friday. The firm has a market cap of $52,078.18, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 3.86 and a beta of 0.12. Duke Energy Corp has a one year low of $72.93 and a one year high of $91.80. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders 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 annualized dividend and a yield of 4.79%. Duke Energy’s dividend payout ratio (DPR) is 117.49%.
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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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