Valeo Financial Advisors LLC boosted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,005 shares of the utilities provider’s stock after acquiring an additional 184 shares during the period. Valeo Financial Advisors LLC’s holdings in Duke Energy were worth $1,277,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its position in Duke Energy by 4.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 21,318,682 shares of the utilities provider’s stock valued at $2,043,609,000 after purchasing an additional 990,017 shares during the last quarter. BlackRock Inc. increased its stake in Duke Energy by 1.8% during the 2nd quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock valued at $4,450,250,000 after purchasing an additional 888,787 shares in the last quarter. California Public Employees Retirement System raised its holdings in Duke Energy by 10.5% in the third quarter. California Public Employees Retirement System now owns 5,820,070 shares of the utilities provider’s stock worth $557,912,000 after buying an additional 552,223 shares during the last quarter. State Street Corp raised its holdings in Duke Energy by 1.1% in the third quarter. State Street Corp now owns 37,751,534 shares of the utilities provider’s stock worth $3,618,862,000 after buying an additional 398,849 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Duke Energy in the second quarter worth approximately $28,349,000. 60.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE DUK traded up $0.15 during trading on Friday, reaching $96.08. 113,344 shares of the company traded hands, compared to its average volume of 2,630,757. The firm has a 50 day simple moving average of $90.99 and a 200-day simple moving average of $91.45. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $69.48 billion, a PE ratio of 19.90, a P/E/G ratio of 3.81 and a beta of 0.06. Duke Energy Corp has a 52-week low of $84.28 and a 52-week high of $97.37.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 14th will be issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, February 13th. Duke Energy’s dividend payout ratio is currently 80.08%.
A number of equities research analysts have recently commented on DUK shares. Barclays upgraded shares of Duke Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 27th. UBS Group restated a “buy” rating and issued a $105.00 price objective on shares of Duke Energy in a report on Thursday, January 2nd. Goldman Sachs Group raised Duke Energy from a “sell” rating to a “buy” rating and upped their price objective for the company from $88.00 to $93.00 in a research report on Wednesday, November 27th. Evercore ISI reaffirmed a “hold” rating and issued a $92.00 price objective on shares of Duke Energy in a research report on Wednesday, December 4th. Finally, Mizuho assumed coverage on Duke Energy in a research note on Friday, November 22nd. They set a “neutral” rating and a $90.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Duke Energy presently has a consensus rating of “Hold” and a consensus price target of $96.25.
About Duke Energy
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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