CIBC World Markets Inc. raised its position in shares of Duke Energy Corp (NYSE:DUK) by 53.2% in the fourth quarter, Holdings Channel reports. The fund owned 110,198 shares of the utilities provider’s stock after acquiring an additional 38,253 shares during the quarter. CIBC World Markets Inc.’s holdings in Duke Energy were worth $9,269,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in 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. Wealthcare Advisory Partners LLC purchased a new stake in shares of Duke Energy in the third quarter valued at approximately $131,000. Acropolis Investment Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $131,000. Finally, Field & Main Bank purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $152,000. 57.26% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

A number of equities research analysts have recently issued reports on DUK shares. Citigroup upped their price target on Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research 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 upped their price target for the company from $80.11 to $88.00 in a research report on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and issued a $91.00 price target on shares of Duke Energy in a research report on Thursday. Finally, UBS Group began coverage on Duke Energy in a research report on Friday. They issued a “buy” rating and a $91.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $87.91.

Duke Energy Corp (DUK) opened at $76.53 on Friday. The firm has a market capitalization of $53,570.00, a P/E ratio of 20.09, a P/E/G ratio of 4.07 and a beta of 0.12. Duke Energy Corp has a 52-week low of $76.28 and a 52-week high of $91.80. 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 (NYSE:DUK) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 earnings per share. analysts anticipate that Duke Energy Corp will post 4.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors 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 yield of 4.65%. Duke Energy’s payout ratio is 93.44%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.watchlistnews.com/duke-energy-corp-duk-shares-bought-by-cibc-world-markets-inc/1841173.html.

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.

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.