Meyer Handelman Co. trimmed its holdings in Duke Energy Corp (NYSE:DUK) by 24.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 155,502 shares of the utilities provider’s stock after selling 50,016 shares during the period. Meyer Handelman Co.’s holdings in Duke Energy were worth $13,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in DUK. Robeco Institutional Asset Management B.V. increased its holdings in shares of Duke Energy by 1.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,147,160 shares of the utilities provider’s stock valued at $95,892,000 after acquiring an additional 10,802 shares during the period. Willingdon Wealth Management increased its holdings in shares of Duke Energy by 2.4% in the 2nd quarter. Willingdon Wealth Management now owns 40,705 shares of the utilities provider’s stock valued at $3,403,000 after acquiring an additional 962 shares during the period. Andra AP fonden increased its holdings in shares of Duke Energy by 5.0% in the 2nd quarter. Andra AP fonden now owns 338,300 shares of the utilities provider’s stock valued at $28,278,000 after acquiring an additional 15,969 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Duke Energy by 39.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 153,774 shares of the utilities provider’s stock valued at $12,854,000 after acquiring an additional 43,710 shares during the period. Finally, BDO Wealth Advisors LLC acquired a new position in shares of Duke Energy in the 2nd quarter valued at $220,000. 57.24% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on DUK shares. Goldman Sachs Group cut shares of Duke Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $80.11 to $88.00 in a report on Wednesday, January 10th. Bank of America reaffirmed a “neutral” rating and issued a $92.00 target price on shares of Duke Energy in a report on Tuesday, October 24th. Morgan Stanley lifted their target price on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Citigroup lifted their price objective on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Duke Energy has a consensus rating of “Hold” and a consensus price target of $87.98.
Duke Energy Corp (DUK) opened at $76.10 on Friday. Duke Energy Corp has a 1 year low of $72.93 and a 1 year high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The firm has a market cap of $53,270.00, a price-to-earnings ratio of 19.97, a P/E/G ratio of 3.95 and a beta of 0.12.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.68%. Duke Energy’s payout ratio is currently 93.44%.
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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