Good Life Advisors LLC raised its position in Duke Energy Corp (NYSE:DUK) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,845 shares of the utilities provider’s stock after acquiring an additional 1,663 shares during the quarter. Good Life Advisors LLC’s holdings in Duke Energy were worth $1,109,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Torch Wealth Management LLC raised its stake in shares of Duke Energy by 3.1% in the fourth quarter. Torch Wealth Management LLC now owns 21,498 shares of the utilities provider’s stock worth $1,855,000 after buying an additional 653 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Duke Energy by 4.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 252,593 shares of the utilities provider’s stock worth $21,799,000 after buying an additional 10,863 shares during the period. Sadoff Investment Management LLC raised its stake in shares of Duke Energy by 0.8% in the fourth quarter. Sadoff Investment Management LLC now owns 126,155 shares of the utilities provider’s stock worth $10,887,000 after buying an additional 975 shares during the period. CFO4Life Group LLC raised its stake in shares of Duke Energy by 7.6% in the fourth quarter. CFO4Life Group LLC now owns 3,927 shares of the utilities provider’s stock worth $339,000 after buying an additional 277 shares during the period. Finally, Essex Savings Bank bought a new position in shares of Duke Energy in the fourth quarter worth about $541,000. 60.33% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on DUK. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Wednesday, December 12th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Barclays lifted their target price on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Wells Fargo & Co decreased their target price on Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. Finally, Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.00.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be issued a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a yield of 4.11%. The ex-dividend date is Thursday, February 14th. Duke Energy’s dividend payout ratio is presently 81.18%.
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Duke Energy 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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