Exxonmobil Investment Management Inc. TX trimmed its holdings in Duke Energy Corp (NYSE:DUK) by 12.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,285 shares of the utilities provider’s stock after selling 16,524 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Duke Energy were worth $9,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of DUK. Winfield Associates Inc. increased its stake in Duke Energy by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares in the last quarter. Nelson Roberts Investment Advisors LLC bought a new stake in Duke Energy during the 3rd quarter valued at about $112,000. Wealthcare Advisory Partners LLC bought a new stake in Duke Energy during the 3rd quarter valued at about $131,000. AllSquare Wealth Management LLC bought a new stake in Duke Energy during the 3rd quarter valued at about $155,000. Finally, Camarda Financial Advisors LLC increased its stake in Duke Energy by 357.1% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,664 shares in the last quarter. Institutional investors own 57.26% of the company’s stock.
Shares of Duke Energy Corp (DUK) traded down $0.32 during midday trading on Tuesday, hitting $78.58. 1,568,843 shares of the stock were exchanged, compared to its average volume of 3,225,344. 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 stock has a market cap of $55,060.00, a P/E ratio of 20.62, a PEG ratio of 4.08 and a beta of 0.26. Duke Energy Corp has a 12-month low of $76.28 and a 12-month high of $91.80.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Thursday, February 15th. Duke Energy’s payout ratio is 93.44%.
A number of research firms have weighed in on DUK. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday. Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $80.11 to $88.00 in a research note on Wednesday, January 10th. SunTrust Banks set a $82.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Guggenheim restated a “buy” rating and set a $96.00 price objective on shares of Duke Energy in a research note on Wednesday, January 3rd. Finally, ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and a consensus price target of $87.48.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.
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About Duke Energy
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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