FinTrust Investment Advisory Services LLC Invests $2.22 Million in Duke Energy Corp (DUK)
FinTrust Investment Advisory Services LLC bought a new position in shares of Duke Energy Corp (NYSE:DUK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,485 shares of the utilities provider’s stock, valued at approximately $2,223,000. Duke Energy makes up 2.1% of FinTrust Investment Advisory Services LLC’s investment portfolio, making the stock its 11th largest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Duke Energy by 3.2% in the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after buying an additional 1,572,216 shares during the period. BlackRock Inc. lifted its holdings in Duke Energy by 1.2% in the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after buying an additional 506,596 shares during the period. State Street Corp lifted its holdings in Duke Energy by 1.3% in the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after buying an additional 451,100 shares during the period. Federated Investors Inc. PA lifted its holdings in Duke Energy by 1.5% in the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock valued at $791,919,000 after buying an additional 141,551 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Duke Energy by 33.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after buying an additional 2,345,114 shares during the period. Institutional investors and hedge funds own 57.34% of the company’s stock.
Shares of Duke Energy Corp (DUK) opened at $88.73 on Friday. Duke Energy Corp has a 12 month low of $72.34 and a 12 month high of $91.80. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The company has a market cap of $62,430.82, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 4.88 and a beta of 0.26.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.01%. The ex-dividend date is Thursday, November 16th. Duke Energy’s payout ratio is presently 117.49%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
DUK has been the topic of several analyst reports. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Bank of America restated a “neutral” rating and issued a $92.00 price objective on shares of Duke Energy in a report on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of Duke Energy in a report on Friday, September 1st. Citigroup increased their price objective on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley increased their price objective on shares of Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $86.90.
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.
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