Duke Energy Co. (NYSE:DUK) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its position in shares of Duke Energy Co. (NYSE:DUKFree Report) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 41,600 shares of the utilities provider’s stock after selling 1,900 shares during the period. Louisiana State Employees Retirement System’s holdings in Duke Energy were worth $4,482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in Duke Energy in the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the third quarter worth $30,000. CGC Financial Services LLC raised its stake in shares of Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 242 shares during the period. Winch Advisory Services LLC lifted its holdings in shares of Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 243 shares in the last quarter. Finally, Reston Wealth Management LLC purchased a new stake in Duke Energy during the 3rd quarter worth $38,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Trading Down 0.4 %

NYSE DUK opened at $116.26 on Thursday. The company has a market capitalization of $89.81 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company’s fifty day moving average price is $109.80 and its two-hundred day moving average price is $112.91.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.60%. Duke Energy’s payout ratio is 76.84%.

Analyst Ratings Changes

DUK has been the topic of several research reports. Scotiabank raised their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.08.

Read Our Latest Stock Report on Duke Energy

About Duke Energy

(Free Report)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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