Ontario Teachers Pension Plan Board increased its stake in shares of Duke Energy Corp (NYSE:DUK) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 130,544 shares of the utilities provider’s stock after buying an additional 1,319 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Duke Energy were worth $10,980,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Synovus Financial Corp boosted its position in shares of Duke Energy by 4.0% during the 4th quarter. Synovus Financial Corp now owns 167,402 shares of the utilities provider’s stock worth $14,056,000 after purchasing an additional 6,447 shares during the period. American International Group Inc. boosted its position in shares of Duke Energy by 7.8% during the 4th quarter. American International Group Inc. now owns 224,992 shares of the utilities provider’s stock worth $18,924,000 after purchasing an additional 16,321 shares during the period. TCW Group Inc. boosted its position in shares of Duke Energy by 5.8% during the 4th quarter. TCW Group Inc. now owns 21,860 shares of the utilities provider’s stock worth $1,839,000 after purchasing an additional 1,200 shares during the period. Trustcore Financial Services LLC purchased a new position in shares of Duke Energy during the 4th quarter worth approximately $630,000. Finally, Crewe Advisors LLC purchased a new position in shares of Duke Energy during the 4th quarter worth approximately $331,000. 57.18% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on DUK. SunTrust Banks set a $80.00 price objective on shares of Duke Energy and gave the stock a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Bank of America reiterated a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a report on Tuesday, October 24th. UBS Group began coverage on shares of Duke Energy in a report on Friday, February 2nd. They set a “buy” rating and a $91.00 target price on the stock. Finally, ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $87.18.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.64%. Duke Energy’s payout ratio is 117.49%.
ILLEGAL ACTIVITY NOTICE: “Duke Energy Corp (DUK) Shares Bought by Ontario Teachers Pension Plan Board” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2018/02/20/duke-energy-corp-duk-shares-bought-by-ontario-teachers-pension-plan-board.html.
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.
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.