TNB Financial decreased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,060 shares of the utilities provider’s stock after selling 8,825 shares during the period. Duke Energy makes up approximately 2.1% of TNB Financial’s holdings, making the stock its 12th largest position. TNB Financial’s holdings in Duke Energy were worth $11,191,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DUK. Vanguard Group Inc. lifted its position 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 purchasing an additional 1,572,216 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in Duke Energy by 575.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock valued at $81,984,000 after purchasing an additional 814,210 shares during the period. Janus Henderson Group PLC lifted its position in Duke Energy by 259.9% in the second quarter. Janus Henderson Group PLC now owns 830,534 shares of the utilities provider’s stock valued at $69,425,000 after purchasing an additional 599,761 shares during the period. BlackRock Inc. lifted its position 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 purchasing an additional 506,596 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in Duke Energy by 27.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,810,773 shares of the utilities provider’s stock valued at $151,363,000 after purchasing an additional 393,659 shares during the period. Institutional investors and hedge funds own 57.24% of the company’s stock.

Shares of Duke Energy Corp (NYSE DUK) opened at $74.49 on Wednesday. Duke Energy Corp has a 12-month low of $72.93 and a 12-month high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The stock has a market cap of $53,065.15, a P/E ratio of 24.58, a PEG ratio of 3.93 and a beta of 0.12.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.78%. Duke Energy’s payout ratio is 117.49%.

In other news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.

DUK has been the subject of a number of recent analyst reports. Goldman Sachs Group downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $80.11 to $88.00 in a research report on Wednesday, January 10th. Bank of America restated a “neutral” rating and issued a $92.00 price objective on shares of Duke Energy in a research report on Tuesday, October 24th. Morgan Stanley raised their price objective on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Citigroup raised their price objective on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. 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 $87.98.

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

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