Northstar Wealth Partners LLC acquired a new position in Duke Energy Corp (NYSE:DUK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,488 shares of the utilities provider’s stock, valued at approximately $211,000.
Several other institutional investors have also recently modified their holdings of DUK. Winfield Associates Inc. grew its position in shares of Duke Energy by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new position in shares of Duke Energy in the 2nd quarter worth approximately $130,000. Jacobi Capital Management LLC grew its position in shares of Duke Energy by 104.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after buying an additional 1,010 shares during the last quarter. Camarda Financial Advisors LLC grew its position in shares of Duke Energy by 357.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,664 shares during the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Duke Energy in the 2nd quarter worth approximately $181,000. 57.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Duke Energy Corp (NYSE DUK) opened at $88.73 on Friday. The company has a market cap of $62,108.88, a P/E ratio of 19.94, a P/E/G ratio of 4.85 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corp has a 12 month low of $72.34 and a 12 month high of $91.80.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s payout ratio is 117.49%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction that occurred on Monday, November 13th. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.07% of the company’s stock.
A number of brokerages have recently issued reports on DUK. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 target price on shares of Duke Energy in a research note on Tuesday, November 7th. SunTrust Banks reiterated a “hold” rating and issued a $90.00 target price on shares of Duke Energy in a research note on Monday, November 6th. Finally, Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.90.
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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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