Capital Advisors Inc. OK Sells 418 Shares of Duke Energy Co. (NYSE:DUK)

Capital Advisors Inc. OK lowered its holdings in shares of Duke Energy Co. (NYSE:DUK) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 8,074 shares of the utilities provider’s stock after selling 418 shares during the period. Capital Advisors Inc. OK’s holdings in Duke Energy were worth $870,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of DUK. Geode Capital Management LLC increased its holdings in shares of Duke Energy by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after acquiring an additional 442,302 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. Swiss National Bank increased its holdings in shares of Duke Energy by 0.3% in the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock valued at $264,111,000 after purchasing an additional 6,500 shares during the last quarter. Groupama Asset Managment bought a new position in shares of Duke Energy in the third quarter valued at about $2,537,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Duke Energy by 155.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock worth $201,832,000 after buying an additional 1,138,979 shares during the period. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

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

Duke Energy Stock Down 0.4 %

DUK stock opened at $116.26 on Thursday. The company has a market cap of $89.81 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The business has a 50-day simple moving average of $109.80 and a 200 day simple moving average of $112.91.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 dividend payout ratio is 76.84%.

About Duke Energy

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.