FDx Advisors Inc. reduced its holdings in Duke Energy Corp (NYSE:DUK) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,339 shares of the utilities provider’s stock after selling 21,642 shares during the quarter. FDx Advisors Inc.’s holdings in Duke Energy were worth $8,439,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Nelson Roberts Investment Advisors LLC bought a new stake in shares of Duke Energy in the 3rd quarter worth approximately $112,000. Shamrock Asset Management LLC bought a new stake in shares of Duke Energy in the 4th quarter worth approximately $115,000. Global Trust Asset Management LLC bought a new stake in shares of Duke Energy in the 4th quarter worth approximately $115,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Duke Energy in the 3rd quarter worth approximately $131,000. Finally, Acropolis Investment Management LLC bought a new stake in shares of Duke Energy in the 4th quarter worth approximately $131,000. Hedge funds and other institutional investors own 57.18% of the company’s stock.
DUK has been the topic of a number of recent analyst reports. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $80.11 to $88.00 in a research report on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and set a $91.00 price target on shares of Duke Energy in a research report on Thursday, February 1st. UBS Group started coverage on Duke Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $91.00 price target on the stock. Finally, Guggenheim restated a “buy” rating and set a $96.00 price target on shares of Duke Energy in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $87.18.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is 117.49%.
COPYRIGHT VIOLATION WARNING: This piece was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2018/02/19/duke-energy-corp-duk-stake-decreased-by-fdx-advisors-inc.html.
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.
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).
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.