AE Wealth Management LLC Trims Stake in Duke Energy Corp (DUK)

AE Wealth Management LLC lowered its holdings in shares of Duke Energy Corp (NYSE:DUK) by 29.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,682 shares of the utilities provider’s stock after selling 10,999 shares during the quarter. AE Wealth Management LLC’s holdings in Duke Energy were worth $2,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hudock Capital Group LLC increased its position in shares of Duke Energy by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock valued at $699,000 after purchasing an additional 24 shares during the last quarter. Shoker Investment Counsel Inc. increased its position in shares of Duke Energy by 0.6% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 4,512 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 28 shares during the last quarter. Laurel Wealth Advisors Inc. increased its position in shares of Duke Energy by 0.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock valued at $1,056,000 after purchasing an additional 32 shares during the last quarter. South Texas Money Management Ltd. increased its position in shares of Duke Energy by 1.1% during the 2nd quarter. South Texas Money Management Ltd. now owns 3,346 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 36 shares during the last quarter. Finally, Lbmc Investment Advisors LLC increased its position in shares of Duke Energy by 0.8% during the 2nd quarter. Lbmc Investment Advisors LLC now owns 5,778 shares of the utilities provider’s stock valued at $483,000 after purchasing an additional 44 shares during the last quarter. 57.24% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.

Shares of Duke Energy Corp (DUK) opened at $74.32 on Friday. The stock has a market cap of $52,020.00, a P/E ratio of 19.51, a P/E/G ratio of 3.86 and a beta of 0.12. Duke Energy Corp has a fifty-two week low of $72.93 and a fifty-two week 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. Investors of record on Friday, February 16th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.79%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio is 93.44%.

Several equities research analysts have recently commented on DUK shares. Guggenheim reaffirmed a “buy” rating and set a $96.00 price target on shares of Duke Energy in a research report on Wednesday, January 3rd. Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from $80.11 to $88.00 in a research report on Wednesday, January 10th. SunTrust Banks reaffirmed a “hold” rating and set a $90.00 price target on shares of Duke Energy in a research report on Monday, November 6th. JPMorgan Chase & Co. increased their target price on shares of Duke Energy from $83.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Credit Suisse Group raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $91.00 to $83.00 in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Duke Energy has a consensus rating of “Hold” and an average target price of $87.98.

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Duke Energy 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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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