Forsta AP Fonden raised its position in Duke Energy Corp (NYSE:DUK) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,882 shares of the utilities provider’s stock after purchasing an additional 2,000 shares during the quarter. Forsta AP Fonden’s holdings in Duke Energy were worth $7,392,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 1,572,216 shares during the period. BlackRock Inc. increased its position in shares of 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 acquiring an additional 506,596 shares during the period. Northern Trust Corp increased its position in shares of 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 acquiring an additional 84,730 shares during the period. Legal & General Group Plc increased its position in shares of Duke Energy by 3.4% during the third quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock worth $422,872,000 after acquiring an additional 164,381 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Duke Energy by 3.4% during the third quarter. Wells Fargo & Company MN now owns 3,424,387 shares of the utilities provider’s stock worth $287,373,000 after acquiring an additional 113,259 shares during the period. 57.13% of the stock is currently owned by institutional investors and hedge funds.
DUK has been the topic of a number of research reports. Bank of America reaffirmed a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. SunTrust Banks reiterated a “hold” rating and set a $90.00 price objective on shares of Duke Energy in a research note on Monday, November 6th. Royal Bank of Canada reiterated a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a research note on Tuesday, November 7th. Finally, Wolfe Research upgraded shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note 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 given a buy rating to the company. Duke Energy has an average rating of “Hold” and a consensus target price of $87.18.
Shares of Duke Energy Corp (NYSE DUK) opened at $75.48 on Thursday. The firm has a market cap of $53,954.12, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 4.00 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 4.72%. Duke Energy’s dividend payout ratio (DPR) is 117.49%.
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Duke Energy Company 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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