Accident Compensation Corp Boosts Stake in Duke Energy Corp (DUK)
Accident Compensation Corp increased its holdings in Duke Energy Corp (NYSE:DUK) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 58,206 shares of the utilities provider’s stock after buying an additional 2,400 shares during the period. Duke Energy makes up about 1.4% of Accident Compensation Corp’s portfolio, making the stock its 27th largest holding. Accident Compensation Corp’s holdings in Duke Energy were worth $4,896,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of DUK. Wealthstreet Investment Advisors LLC acquired a new position in Duke Energy during the 4th quarter valued at about $1,082,000. Trilogy Capital Inc. acquired a new position in Duke Energy during the 4th quarter valued at about $546,000. Sigma Planning Corp boosted its stake in Duke Energy by 14.3% during the 4th quarter. Sigma Planning Corp now owns 21,187 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 2,649 shares during the period. Girard Partners LTD. boosted its stake in Duke Energy by 22.4% during the 4th quarter. Girard Partners LTD. now owns 10,364 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 1,895 shares during the period. Finally, Edgemoor Investment Advisors Inc. boosted its stake in Duke Energy by 1.7% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 77,707 shares of the utilities provider’s stock valued at $6,094,000 after purchasing an additional 1,310 shares during the period. 57.24% of the stock is owned by institutional investors and hedge funds.
DUK has been the subject of a number of analyst reports. Guggenheim reissued a “buy” rating and set a $96.00 target price on shares of Duke Energy in a research note on Wednesday, January 3rd. Royal Bank of Canada reissued a “buy” rating and set a $87.00 target price on shares of Duke Energy in a research note on Tuesday, November 7th. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. UBS Group initiated coverage on shares of Duke Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $91.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Duke Energy has an average rating of “Hold” and a consensus price target of $87.98.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio is currently 93.44%.
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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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