KBC Group NV Sells 13,589 Shares of Duke Energy Corp (DUK)

KBC Group NV trimmed its position in Duke Energy Corp (NYSE:DUK) by 9.9% during the fourth quarter, HoldingsChannel reports. The firm owned 123,628 shares of the utilities provider’s stock after selling 13,589 shares during the period. KBC Group NV’s holdings in Duke Energy were worth $10,398,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Nelson Roberts Investment Advisors LLC purchased a new position in Duke Energy in the 3rd quarter valued at about $112,000. Global Trust Asset Management LLC purchased a new position in Duke Energy in the 4th quarter valued at about $115,000. Shamrock Asset Management LLC purchased a new position in Duke Energy in the 4th quarter valued at about $115,000. Wealthcare Advisory Partners LLC purchased a new position in Duke Energy in the 3rd quarter valued at about $131,000. Finally, Acropolis Investment Management LLC purchased a new position in Duke Energy in the 4th quarter valued at about $131,000. Institutional investors own 57.13% of the company’s stock.

DUK has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and set a $96.00 price objective on shares of Duke Energy in a research note on Wednesday, January 3rd. Goldman Sachs Group downgraded shares of 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. SunTrust Banks reaffirmed a “hold” rating and set a $90.00 price objective on shares of Duke Energy in a research note on Monday, November 6th. Credit Suisse Group raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $91.00 to $83.00 in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $87.18.

Shares of Duke Energy Corp (DUK) opened at $75.48 on Thursday. The stock has a market cap of $53,954.12, a P/E ratio of 24.91, a P/E/G ratio of 4.00 and a beta of 0.12. Duke Energy Corp has a 1 year low of $72.93 and a 1 year high of $91.80. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.

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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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