Accident Compensation Corp lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,806 shares of the utilities provider’s stock after selling 4,000 shares during the period. Duke Energy accounts for about 1.3% of Accident Compensation Corp’s investment portfolio, making the stock its 26th biggest holding. Accident Compensation Corp’s holdings in Duke Energy were worth $4,683,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Pinebridge Investments L.P. purchased a new stake in Duke Energy during the second quarter worth $500,000. Trust Co. of Virginia VA lifted its holdings in shares of Duke Energy by 11.5% during the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after purchasing an additional 1,392 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Duke Energy by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after purchasing an additional 41,268,968 shares during the last quarter. IBM Retirement Fund lifted its holdings in shares of Duke Energy by 122.4% during the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after purchasing an additional 9,432 shares during the last quarter. Finally, Meridian Wealth Management LLC lifted its holdings in shares of Duke Energy by 2.0% during the 2nd quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 57.23% of the company’s stock.
Duke Energy Corp (NYSE DUK) opened at $84.17 on Tuesday. 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 $76.14 and a 12-month high of $91.80. The stock has a market capitalization of $58,916.95, a price-to-earnings ratio of 27.78, a P/E/G ratio of 4.60 and a beta of 0.26.
The company also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, November 17th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, November 16th. Duke Energy’s payout ratio is 117.49%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.
Several analysts have recently commented on the company. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Wolfe Research upgraded Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. SunTrust Banks reiterated a “hold” rating and set a $90.00 price objective on shares of Duke Energy in a report on Monday, November 6th. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $87.21.
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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