Taylor Hoffman Wealth Management boosted its holdings in Duke Energy Corp (NYSE:DUK) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,033 shares of the utilities provider’s stock after buying an additional 1,361 shares during the period. Duke Energy makes up about 1.5% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 15th largest position. Taylor Hoffman Wealth Management’s holdings in Duke Energy were worth $2,112,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Invesco Ltd. grew its holdings in shares of Duke Energy by 43.9% during the 2nd quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock worth $1,033,443,000 after purchasing an additional 3,574,870 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 1.9% in the second quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock worth $5,286,827,000 after purchasing an additional 1,102,963 shares during the period. BlackRock Inc. increased its stake in Duke Energy by 1.8% in the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock valued at $4,450,250,000 after acquiring an additional 888,787 shares during the last quarter. California Public Employees Retirement System increased its stake in Duke Energy by 19.9% in the second quarter. California Public Employees Retirement System now owns 5,267,847 shares of the utilities provider’s stock valued at $464,835,000 after acquiring an additional 873,282 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its stake in Duke Energy by 4,030.8% in the second quarter. Balyasny Asset Management LLC now owns 727,722 shares of the utilities provider’s stock valued at $64,214,000 after acquiring an additional 710,105 shares during the last quarter. 60.32% of the stock is currently owned by institutional investors.
Shares of Duke Energy stock traded down $2.63 during trading on Friday, reaching $89.95. 6,023,566 shares of the stock were exchanged, compared to its average volume of 3,026,935. The company has a quick ratio of 0.47, a current ratio of 0.71 and a debt-to-equity ratio of 1.26. The stock’s fifty day moving average is $95.22 and its 200 day moving average is $90.74. The firm has a market cap of $67.87 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 3.84 and a beta of 0.07. Duke Energy Corp has a 1 year low of $82.46 and a 1 year high of $97.37.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.945 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.78 dividend on an annualized basis and a yield of 4.20%. Duke Energy’s dividend payout ratio is currently 80.08%.
A number of research analysts recently commented on DUK shares. Morgan Stanley increased their target price on Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Citigroup cut their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Credit Suisse Group upped their price target on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. SunTrust Banks set a $96.00 price target on shares of Duke Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $95.00.
In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of Duke Energy stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $92.44, for a total value of $409,509.20. Following the sale, the executive vice president now directly owns 64,722 shares in the company, valued at approximately $5,982,901.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lloyd M. Yates sold 20,000 shares of Duke Energy stock in a transaction on Monday, August 26th. The shares were sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the completion of the sale, the executive vice president now owns 41,154 shares in the company, valued at $3,737,194.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,802 shares of company stock worth $2,443,654. 0.09% of the stock is currently owned by insiders.
Duke Energy Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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