WealthTrust Axiom LLC reduced its position in shares of Duke Energy Corp (NYSE:DUK) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 14,334 shares of the utilities provider’s stock after selling 750 shares during the period. WealthTrust Axiom LLC’s holdings in Duke Energy were worth $1,237,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Duke Energy by 28.5% during the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock valued at $365,201,000 after acquiring an additional 1,023,646 shares during the period. Advisors Asset Management Inc. grew its position in Duke Energy by 69.3% during the second quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock valued at $16,994,000 after acquiring an additional 87,950 shares during the period. Atria Investments LLC grew its position in Duke Energy by 16.3% during the third quarter. Atria Investments LLC now owns 4,475 shares of the utilities provider’s stock valued at $358,000 after acquiring an additional 626 shares during the period. We Are One Seven LLC purchased a new stake in Duke Energy during the third quarter valued at about $213,000. Finally, Gradient Investments LLC grew its position in Duke Energy by 19.5% during the third quarter. Gradient Investments LLC now owns 4,912 shares of the utilities provider’s stock valued at $393,000 after acquiring an additional 803 shares during the period. 60.33% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on DUK shares. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and lowered their price target 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. Wells Fargo & Co lowered their price target 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. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Finally, Barclays boosted their price target on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Duke Energy presently has an average rating of “Hold” and an average target price of $85.00.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, February 14th. Duke Energy’s dividend payout ratio is presently 81.18%.
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Duke Energy Company Profile
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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