Partnervest Advisory Services LLC Acquires New Stake in Duke Energy Corp (DUK)

Partnervest Advisory Services LLC acquired a new position in shares of Duke Energy Corp (NYSE:DUK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,523 shares of the utilities provider’s stock, valued at approximately $218,000.

Other hedge funds have also recently bought and sold shares of the company. Intl Fcstone Inc. boosted its position in Duke Energy by 4.1% during the fourth quarter. Intl Fcstone Inc. now owns 3,275 shares of the utilities provider’s stock valued at $283,000 after purchasing an additional 128 shares during the last quarter. Sawyer & Company Inc boosted its position in Duke Energy by 1.8% during the fourth quarter. Sawyer & Company Inc now owns 8,385 shares of the utilities provider’s stock valued at $724,000 after purchasing an additional 145 shares during the last quarter. Community Bank & Trust Waco Texas boosted its position in Duke Energy by 2.0% during the fourth quarter. Community Bank & Trust Waco Texas now owns 7,550 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 150 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in Duke Energy by 9.4% during the fourth quarter. Reilly Financial Advisors LLC now owns 1,792 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 154 shares during the last quarter. Finally, Asset Advisors Investment Management LLC boosted its position in Duke Energy by 4.9% during the fourth quarter. Asset Advisors Investment Management LLC now owns 3,404 shares of the utilities provider’s stock valued at $294,000 after purchasing an additional 158 shares during the last quarter. 60.33% of the stock is owned by institutional investors.

DUK has been the subject of a number of recent analyst reports. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Wednesday, December 12th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Barclays raised their price objective on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Wells Fargo & Co cut their price objective on Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research report on Monday, November 5th. Finally, Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $85.00.

Shares of NYSE DUK opened at $90.17 on Tuesday. The company has a market cap of $64.28 billion, a PE ratio of 19.73, a PEG 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. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.35.

The company 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 dividend of $0.9275 per share. The ex-dividend date 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 (DPR) 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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