M&T Bank Corp lifted its holdings in Duke Energy Corp (NYSE:DUK) by 0.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 319,444 shares of the utilities provider’s stock after purchasing an additional 1,918 shares during the quarter. M&T Bank Corp’s holdings in Duke Energy were worth $26,868,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Duke Energy in the third quarter valued at approximately $112,000. Shamrock Asset Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $115,000. Global Trust Asset Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $115,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Duke Energy in the third quarter valued at approximately $131,000. Finally, Acropolis Investment Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $131,000. Hedge funds and other institutional investors own 57.24% of the company’s stock.

Shares of Duke Energy Corp (NYSE DUK) opened at $76.10 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corp has a 12-month low of $72.93 and a 12-month high of $91.80. The stock has a market capitalization of $52,022.18, a price-to-earnings ratio of 16.70, a PEG ratio of 3.85 and a beta of 0.12.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.68%. Duke Energy’s dividend payout ratio is currently 117.49%.

In other news, EVP Lloyd M. Yates sold 5,000 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.07% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on DUK shares. Goldman Sachs Group downgraded Duke Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $80.11 to $88.00 in a research note on Wednesday, January 10th. 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 boosted their target price on Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Citigroup boosted their target price on Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $87.98.

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

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