Duke Energy Corp (DUK) Stake Decreased by WealthTrust Axiom LLC
WealthTrust Axiom LLC cut its position in shares of Duke Energy Corp (NYSE:DUK) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,334 shares of the utilities provider’s stock after selling 750 shares during the quarter. WealthTrust Axiom LLC’s holdings in Duke Energy were worth $1,237,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc grew its holdings in Duke Energy by 2.9% in the third quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock worth $4,355,880,000 after purchasing an additional 1,539,841 shares during the period. BlackRock Inc. grew its holdings in Duke Energy by 2.3% in the third quarter. BlackRock Inc. now owns 47,043,416 shares of the utilities provider’s stock worth $3,764,415,000 after purchasing an additional 1,065,607 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Duke Energy by 0.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 19,862,028 shares of the utilities provider’s stock worth $1,589,358,000 after purchasing an additional 121,046 shares during the period. Franklin Resources Inc. grew its holdings in Duke Energy by 2.3% in the third quarter. Franklin Resources Inc. now owns 14,274,081 shares of the utilities provider’s stock worth $1,142,212,000 after purchasing an additional 314,933 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Duke Energy by 12.3% in the third quarter. Bank of New York Mellon Corp now owns 6,465,312 shares of the utilities provider’s stock worth $517,355,000 after purchasing an additional 706,008 shares during the period. Institutional investors own 60.33% of the company’s stock.
A number of equities research analysts have commented on DUK shares. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Bank of America cut shares of Duke Energy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. Wells Fargo & Co reduced their price target on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a report on Monday, November 5th. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Finally, Barclays raised their price target on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $85.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be paid a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 81.18%.
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About Duke Energy
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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