Cetera Advisor Networks LLC trimmed its stake in Duke Energy Corp (NYSE:DUK) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,472 shares of the utilities provider’s stock after selling 3,449 shares during the period. Cetera Advisor Networks LLC’s holdings in Duke Energy were worth $4,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in DUK. Vanguard Group Inc. raised its holdings in shares of Duke Energy by 3.2% in the 2nd 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 in the last quarter. BlackRock Inc. raised its holdings in shares of Duke Energy by 1.2% in the 2nd 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 in the last quarter. Northern Trust Corp raised its holdings in shares of Duke Energy by 0.9% in the 2nd quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock valued at $757,629,000 after purchasing an additional 84,730 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Duke Energy by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock valued at $422,872,000 after purchasing an additional 164,381 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Duke Energy by 3.4% in the 3rd quarter. Wells Fargo & Company MN now owns 3,424,387 shares of the utilities provider’s stock valued at $287,373,000 after purchasing an additional 113,259 shares in the last quarter. 57.13% of the stock is owned by institutional investors.

Duke Energy Corp (DUK) opened at $77.08 on Wednesday. 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 company has a market cap of $53,765.13, a P/E ratio of 17.26, a P/E/G ratio of 3.98 and a beta of 0.12. Duke Energy Corp has a 52 week low of $72.93 and a 52 week high of $91.80.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.62%. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley reduced their price target on shares of Duke Energy from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday. SunTrust Banks set a $79.00 price target on shares of Duke Energy and gave the company a “hold” rating in a report on Monday. UBS Group assumed coverage on shares of Duke Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $91.00 price target for the company. Finally, Royal Bank of Canada restated a “buy” rating and issued a $91.00 price target on shares of Duke Energy in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $87.18.

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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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