Signet Investment Advisory Group Inc. purchased a new stake in Duke Energy Corp (NYSE:DUK) in the 4th quarter, Holdings Channel reports. The firm purchased 1,183 shares of the utilities provider’s stock, valued at approximately $102,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vigilant Capital Management LLC bought a new stake in Duke Energy during the fourth quarter worth approximately $43,000. Mackey Komara & Dankovich LLC bought a new stake in Duke Energy during the fourth quarter worth approximately $57,000. Massey Quick Simon & CO. LLC boosted its position in Duke Energy by 1,681.8% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 784 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 740 shares during the period. Mondrian Investment Partners LTD boosted its position in Duke Energy by 90.4% during the fourth quarter. Mondrian Investment Partners LTD now owns 1,091 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 518 shares during the period. Finally, TRUE Private Wealth Advisors bought a new stake in shares of Duke Energy in the third quarter valued at approximately $119,000. 59.42% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE DUK opened at $88.50 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.46. The firm has a market capitalization of $62.60 billion, a P/E ratio of 19.37, a PEG ratio of 3.55 and a beta of 0.06. Duke Energy Corp has a one year low of $71.96 and a one year high of $91.35.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 15th will be paid a $0.9275 dividend. The ex-dividend date is Thursday, February 14th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.19%. Duke Energy’s payout ratio is 81.18%.
Several research firms have recently weighed in on DUK. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Barclays increased their price objective on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reduced their price objective on Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research report on Monday, November 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $85.00.
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About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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