Parkside Financial Bank & Trust lifted its position in shares of Duke Energy Corp (NYSE:DUK) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,610 shares of the utilities provider’s stock after purchasing an additional 180 shares during the period. Parkside Financial Bank & Trust’s holdings in Duke Energy were worth $225,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in DUK. FMR LLC raised its stake in shares of Duke Energy by 28.5% during the 2nd quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock valued at $365,201,000 after purchasing an additional 1,023,646 shares during the period. Advisors Asset Management Inc. increased its stake in Duke Energy by 69.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock worth $16,994,000 after acquiring an additional 87,950 shares during the last quarter. Schroder Investment Management Group increased its stake in Duke Energy by 11.3% in the 2nd quarter. Schroder Investment Management Group now owns 368,628 shares of the utilities provider’s stock worth $29,206,000 after acquiring an additional 37,353 shares during the last quarter. Atria Investments LLC increased its stake in Duke Energy by 16.3% in the 3rd quarter. Atria Investments LLC now owns 4,475 shares of the utilities provider’s stock worth $358,000 after acquiring an additional 626 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in Duke Energy in the 3rd quarter worth about $213,000. 59.42% of the stock is owned by institutional investors and hedge funds.
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DUK opened at $89.48 on Friday. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.46. The stock has a market capitalization of $63.79 billion, a PE ratio of 19.58, a PEG ratio of 3.58 and a beta of 0.06.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be issued a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Thursday, February 14th. Duke Energy’s payout ratio is currently 81.18%.
A number of equities analysts have weighed in on DUK shares. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Wednesday, December 12th. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Barclays upped their price objective on 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 cut their price objective on Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a report on Monday, November 5th. Finally, Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and cut their price objective 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 issued a hold rating and six have assigned a buy rating to the company. Duke Energy currently has a consensus rating of “Hold” and an average target price of $85.00.
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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.
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