Taylor Hoffman Wealth Management bought a new stake in Duke Energy Corp (NYSE:DUK) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 10,434 shares of the utilities provider’s stock, valued at approximately $878,000. Duke Energy accounts for approximately 1.9% of Taylor Hoffman Wealth Management’s holdings, making the stock its 11th largest holding.
Several other institutional investors and hedge funds have also made changes to their positions in DUK. Shoker Investment Counsel Inc. increased its holdings in shares of Duke Energy by 0.6% in the 2nd 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 holdings in shares of Duke Energy by 0.3% in the 2nd 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 holdings in shares of Duke Energy by 1.1% in the 2nd 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. Fairfield Bush & CO. increased its holdings in shares of Duke Energy by 1.2% in the 2nd quarter. Fairfield Bush & CO. now owns 6,333 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 75 shares during the last quarter. Finally, First City Capital Management Inc. increased its holdings in shares of Duke Energy by 0.4% in the 2nd quarter. First City Capital Management Inc. now owns 20,589 shares of the utilities provider’s stock valued at $1,721,000 after acquiring an additional 78 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on DUK. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Morgan Stanley lowered their price target on Duke Energy from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. SunTrust Banks set a $79.00 price target on Duke Energy and gave the company a “hold” rating in a report on Monday, February 12th. UBS Group started coverage on Duke Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $91.00 price target for the company. Finally, Royal Bank of Canada restated a “buy” rating and set a $91.00 price objective on shares of Duke Energy in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $87.18.
Duke Energy Corp (NYSE DUK) opened at $76.70 on Friday. The company has a market capitalization of $53,688.16, a price-to-earnings ratio of 25.31, a P/E/G ratio of 3.98 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. Duke Energy Corp has a 52 week low of $72.93 and a 52 week high of $91.80.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors 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 yield of 4.64%. Duke Energy’s payout ratio is currently 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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