Good Life Advisors LLC raised its stake in Duke Energy Corp (NYSE:DUK) by 14.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,845 shares of the utilities provider’s stock after purchasing an additional 1,663 shares during the quarter. Good Life Advisors LLC’s holdings in Duke Energy were worth $1,109,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley grew its stake in Duke Energy by 13.8% in the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock worth $303,498,000 after purchasing an additional 460,092 shares during the period. Union Bankshares Corp grew its stake in Duke Energy by 43.4% in the fourth quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock worth $724,000 after purchasing an additional 2,536 shares during the period. Putnam Investments LLC grew its stake in Duke Energy by 0.9% in the third quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock worth $20,737,000 after purchasing an additional 2,344 shares during the period. Thrivent Financial for Lutherans grew its stake in Duke Energy by 207.9% in the third quarter. Thrivent Financial for Lutherans now owns 109,460 shares of the utilities provider’s stock worth $8,759,000 after purchasing an additional 73,915 shares during the period. Finally, First National Bank of Omaha grew its stake in Duke Energy by 0.8% in the fourth quarter. First National Bank of Omaha now owns 54,166 shares of the utilities provider’s stock worth $4,675,000 after purchasing an additional 430 shares during the period. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Several equities research analysts recently weighed in on the company. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Barclays upped their price target on Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Wells Fargo & Co reduced their price target on Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. Bank of America cut 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 research note on Wednesday, January 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.00.

NYSE DUK opened at $90.30 on Monday. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.35. The firm has a market capitalization of $64.37 billion, a PE ratio of 19.76, a P/E/G ratio of 3.65 and a beta of 0.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.68.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be paid a $0.9275 dividend. 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 4.11%. Duke Energy’s dividend payout ratio is currently 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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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