Duff & Phelps Investment Management Co. Buys New Holdings in Duke Energy Corp (DUK)

Duff & Phelps Investment Management Co. bought a new position in shares of Duke Energy Corp (NYSE:DUK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,370 shares of the utilities provider’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc grew its holdings in Duke Energy by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock worth $4,355,880,000 after acquiring an additional 1,539,841 shares during the last quarter. BlackRock Inc. grew its holdings in Duke Energy by 2.3% during the 3rd quarter. BlackRock Inc. now owns 47,043,416 shares of the utilities provider’s stock worth $3,764,415,000 after acquiring an additional 1,065,607 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Duke Energy by 0.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,862,028 shares of the utilities provider’s stock worth $1,589,358,000 after acquiring an additional 121,046 shares during the last quarter. Franklin Resources Inc. grew its holdings in Duke Energy by 2.3% during the 3rd quarter. Franklin Resources Inc. now owns 14,274,081 shares of the utilities provider’s stock worth $1,142,212,000 after acquiring an additional 314,933 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Duke Energy by 12.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,465,312 shares of the utilities provider’s stock worth $517,355,000 after acquiring an additional 706,008 shares during the last quarter. 60.33% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy stock opened at $89.59 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.68. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.35. The firm has a market cap of $64.09 billion, a P/E ratio of 19.60, a P/E/G ratio of 3.65 and a beta of 0.06.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 15th will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.14%. Duke Energy’s payout ratio is presently 81.18%.

A number of equities research analysts have weighed in on DUK shares. Wells Fargo & Co reduced their target price on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Barclays boosted their price target on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Wednesday, December 12th. Finally, Bank of America downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $88.00 to $87.00 in a research report 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 issued a hold rating and six have assigned a buy rating to the company’s stock. Duke Energy currently has a consensus rating of “Hold” and a consensus target price of $85.21.

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

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