Jackson Hole Capital Partners LLC Acquires New Position in Duke Energy Corp (DUK)
Jackson Hole Capital Partners LLC acquired 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 acquired 9,970 shares of the utilities provider’s stock, valued at approximately $860,000.
Several other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake in Duke Energy by 59.0% in the fourth quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 164 shares during the period. Vigilant Capital Management LLC purchased a new position in Duke Energy during the fourth quarter valued at $43,000. Sontag Advisory LLC purchased a new position in Duke Energy during the fourth quarter valued at $43,000. Executive Wealth Management LLC bought a new position in shares of Duke Energy during the fourth quarter valued at $52,000. Finally, Mackey Komara & Dankovich LLC bought a new position in shares of Duke Energy during the fourth quarter valued at $57,000. 60.73% of the stock is owned by hedge funds and other institutional investors.
Duke Energy stock opened at $90.00 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.44. Duke Energy Corp has a one year low of $71.96 and a one year high of $91.67. The stock has a market capitalization of $65.49 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 3.62 and a beta of 0.06.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 15th were paid a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Thursday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.
In other Duke Energy news, Chairman Lynn J. Good sold 15,000 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $89.92, for a total value of $1,348,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melissa H. Anderson sold 2,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total value of $174,980.00. Following the completion of the sale, the executive vice president now owns 18,198 shares of the company’s stock, valued at $1,592,143.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,250 shares of company stock valued at $1,900,878. 0.08% of the stock is currently owned by company insiders.
DUK has been the subject of several research analyst reports. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Wednesday, December 12th. Bank of America lifted their price objective on Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Monday, March 11th. Morgan Stanley boosted their price target on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Finally, Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and an average price target of $85.73.
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Duke Energy Profile
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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