Signet Investment Advisory Group Inc. Purchases Shares of 1,183 Duke Energy Corp (DUK)

Share on StockTwits

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.

WARNING: “Signet Investment Advisory Group Inc. Purchases Shares of 1,183 Duke Energy Corp (DUK)” was first posted by Equities Focus and is owned by of Equities Focus. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.equitiesfocus.com/2019/02/06/signet-investment-advisory-group-inc-purchases-shares-of-1183-duke-energy-corp-duk.html.

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.

Featured Article: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply