Profund Advisors LLC Cuts Position in Duke Energy Co. (NYSE:DUK)
Profund Advisors LLC reduced its position in shares of Duke Energy Co. (NYSE:DUK) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,848 shares of the utilities provider’s stock after selling 1,281 shares during the period. Profund Advisors LLC’s holdings in Duke Energy were worth $3,099,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of DUK. Simon Quick Advisors LLC grew its position in Duke Energy by 161.2% in the 4th quarter. Simon Quick Advisors LLC now owns 269 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 166 shares in the last quarter. Greenhouse Wealth Management LLC acquired a new position in shares of Duke Energy in the fourth quarter valued at approximately $25,000. Crescent Capital Consulting LLC purchased a new stake in Duke Energy during the 4th quarter worth approximately $27,000. St. Johns Investment Management Company LLC increased its stake in Duke Energy by 54.7% during the 4th quarter. St. Johns Investment Management Company LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after buying an additional 110 shares during the period. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in Duke Energy during the 3rd quarter worth approximately $29,000. 63.48% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:DUK opened at $88.35 on Tuesday. Duke Energy Co. has a 12 month low of $62.13 and a 12 month high of $103.79. The firm has a market capitalization of $65.02 billion, a P/E ratio of 32.36, a P/E/G ratio of 4.88 and a beta of 0.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33. The company’s fifty day moving average price is $91.28 and its 200 day moving average price is $89.38.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 16th. Shareholders of record on Friday, February 12th will be given a dividend of $0.965 per share. This represents a $3.86 annualized dividend and a yield of 4.37%. The ex-dividend date is Thursday, February 11th. Duke Energy’s dividend payout ratio (DPR) is 76.28%.
A number of analysts have recently weighed in on DUK shares. Barclays upped their price objective on Duke Energy from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 28th. The Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 price target on the stock. in a research report on Thursday, January 14th. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 price objective for the company. in a research report on Friday, February 12th. Credit Suisse Group increased their price objective on shares of Duke Energy from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, January 29th. Finally, Morgan Stanley decreased their price objective on shares of Duke Energy from $95.00 to $93.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 20th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $98.00.
Duke Energy Profile
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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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