Chevy Chase Trust Holdings Inc. reduced its stake in Duke Energy Corp (NYSE:DUK) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 614,620 shares of the utilities provider’s stock after selling 3,385 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in Duke Energy were worth $51,695,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. purchased a new stake in Duke Energy in the 2nd quarter valued at $500,000. Trust Co. of Virginia VA raised its position in Duke Energy by 11.5% in 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 buying an additional 1,392 shares during the last quarter. BB&T Investment Services Inc. raised its position in Duke Energy by 12.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock valued at $1,424,000 after buying an additional 1,923 shares during the last quarter. Sei Investments Co. raised its position in Duke Energy by 26.4% in the 3rd quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock valued at $12,790,000 after buying an additional 31,789 shares during the last quarter. Finally, Iberiabank Corp raised its position in Duke Energy by 3.6% in the 3rd quarter. Iberiabank Corp now owns 65,328 shares of the utilities provider’s stock valued at $5,487,000 after buying an additional 2,297 shares during the last quarter. 57.21% of the stock is owned by institutional investors and hedge funds.
Duke Energy Corp (NYSE:DUK) opened at $76.95 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The firm has a market capitalization of $53,860.00, a price-to-earnings ratio of 20.20, a PEG ratio of 3.98 and a beta of 0.26. Duke Energy Corp has a 12 month low of $76.28 and a 12 month high of $91.80.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.63%. Duke Energy’s payout ratio is 93.44%.
A number of brokerages have issued reports on DUK. SunTrust Banks set a $78.00 price objective on Duke Energy and gave the company a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Goldman Sachs Group downgraded Duke Energy from a “buy” rating to a “neutral” rating and upped their price objective for the company from $80.11 to $88.00 in a research note on Wednesday, January 10th. Guggenheim restated a “buy” rating and issued a $96.00 price objective on shares of Duke Energy in a research note on Wednesday, January 3rd. Finally, ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. Duke Energy has a consensus rating of “Hold” and an average target price of $87.19.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
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About Duke Energy
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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