Telemus Capital LLC Buys Shares of 3,365 Duke Energy Corp (DUK)
Telemus Capital LLC bought a new stake in shares of Duke Energy Corp (NYSE:DUK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,365 shares of the utilities provider’s stock, valued at approximately $283,000.
Several other institutional investors have also recently made changes to their positions in DUK. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 3.2% in the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after purchasing an additional 1,572,216 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Duke Energy by 1.2% in the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after purchasing an additional 506,596 shares during the last quarter. Federated Investors Inc. PA increased its holdings in shares of Duke Energy by 1.5% in the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock valued at $791,919,000 after purchasing an additional 141,551 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Duke Energy by 0.9% in the second quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock valued at $757,629,000 after purchasing an additional 84,730 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Duke Energy by 3.4% in the third quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock valued at $422,872,000 after purchasing an additional 164,381 shares during the last quarter. 57.24% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.70%. Duke Energy’s dividend payout ratio is currently 117.49%.
Several equities research analysts recently commented on DUK shares. Citigroup increased their price target on Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $80.11 to $88.00 in a research report on Wednesday, January 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $91.00 price objective on shares of Duke Energy in a research report on Thursday, February 1st. Finally, UBS Group began coverage on Duke Energy in a research report on Friday. They issued a “buy” rating and a $91.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and an average target price of $87.98.
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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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