MUFG Americas Holdings Corp lifted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,197 shares of the utilities provider’s stock after acquiring an additional 3,919 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Duke Energy were worth $7,166,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nelson Roberts Investment Advisors LLC bought a new position in shares of Duke Energy during the 3rd quarter worth approximately $112,000. Global Trust Asset Management LLC bought a new stake in Duke Energy in the 4th quarter valued at $115,000. Shamrock Asset Management LLC bought a new stake in Duke Energy in the 4th quarter valued at $115,000. Wealthcare Advisory Partners LLC bought a new stake in Duke Energy in the 3rd quarter valued at $131,000. Finally, Acropolis Investment Management LLC bought a new stake in Duke Energy in the 4th quarter valued at $131,000. Institutional investors own 57.13% of the company’s stock.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. SunTrust Banks set a $82.00 price target on Duke Energy and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Bank of America restated a “neutral” rating and issued a $92.00 price target on shares of Duke Energy in a research note on Tuesday, October 24th. Morgan Stanley reduced their price target on Duke Energy from $90.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Wolfe Research upgraded Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $87.18.
Duke Energy Corp (DUK) opened at $76.70 on Friday. The firm has a market capitalization of $53,338.14, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 3.96 and a beta of 0.12. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a fifty-two week low of $72.93 and a fifty-two week high of $91.80.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued a $0.89 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.56 annualized dividend and a yield of 4.64%. Duke Energy’s dividend payout ratio is presently 117.49%.
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Duke Energy Profile
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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