Duke Energy Corp (DUK) Position Raised by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in Duke Energy Corp (NYSE:DUK) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,754 shares of the utilities provider’s stock after acquiring an additional 1,516 shares during the quarter. Park Avenue Securities LLC’s holdings in Duke Energy were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC increased its stake in Duke Energy by 0.3% in the second quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock valued at $699,000 after acquiring an additional 24 shares during the last quarter. Shoker Investment Counsel Inc. increased its stake in Duke Energy by 0.6% in the second quarter. Shoker Investment Counsel Inc. now owns 4,512 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 28 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in Duke Energy by 0.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock valued at $1,056,000 after acquiring an additional 32 shares during the last quarter. South Texas Money Management Ltd. increased its stake in Duke Energy by 1.1% in the second quarter. South Texas Money Management Ltd. now owns 3,346 shares of the utilities provider’s stock valued at $280,000 after acquiring an additional 36 shares during the last quarter. Finally, Lbmc Investment Advisors LLC increased its stake in Duke Energy by 0.8% in the second quarter. Lbmc Investment Advisors LLC now owns 5,778 shares of the utilities provider’s stock valued at $483,000 after acquiring an additional 44 shares during the last quarter. 57.24% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by company insiders.

A number of research analysts recently commented on the company. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Wolfe Research raised Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. SunTrust Banks reissued a “hold” rating and issued a $90.00 target price on shares of Duke Energy in a research note on Monday, November 6th. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $87.00 target price on shares of Duke Energy in a research note on Tuesday, November 7th. Two 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. Duke Energy currently has a consensus rating of “Hold” and an average price target of $87.98.

Duke Energy Corp (DUK) opened at $76.10 on Friday. Duke Energy Corp has a 12 month low of $72.93 and a 12 month high of $91.80. The stock has a market capitalization of $52,022.18, a PE ratio of 16.70, a PEG ratio of 3.85 and a beta of 0.12. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.68%. Duke Energy’s dividend payout ratio (DPR) is currently 117.49%.

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

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