Duke Energy Corp (DUK) Shares Sold by Cadence Capital Management LLC

Cadence Capital Management LLC lessened its position in shares of Duke Energy Corp (NYSE:DUK) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,820 shares of the utilities provider’s stock after selling 5,321 shares during the quarter. Cadence Capital Management LLC’s holdings in Duke Energy were worth $3,349,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DUK. Nelson Roberts Investment Advisors LLC purchased a new stake in Duke Energy in the third quarter valued at approximately $112,000. Shamrock Asset Management LLC purchased a new stake in Duke Energy in the fourth quarter valued at approximately $115,000. Global Trust Asset Management LLC purchased a new stake in Duke Energy in the fourth quarter valued at approximately $115,000. Wealthcare Advisory Partners LLC purchased a new stake in Duke Energy in the third quarter valued at approximately $131,000. Finally, Acropolis Investment Management LLC purchased a new stake in Duke Energy in the fourth quarter valued at approximately $131,000. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Corp (NYSE DUK) opened at $75.06 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The company has a market cap of $53,954.12, a price-to-earnings ratio of 24.91, a P/E/G ratio of 4.00 and a beta of 0.12. Duke Energy Corp has a 12 month low of $72.93 and a 12 month high of $91.80.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.74%. Duke Energy’s payout ratio is currently 117.49%.

DUK has been the topic of a number of research analyst reports. Guggenheim reissued a “buy” rating and issued a $96.00 target price on shares of Duke Energy in a research report on Wednesday, January 3rd. Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $80.11 to $88.00 in a research report on Wednesday, January 10th. SunTrust Banks reissued a “hold” rating and issued a $90.00 target price on shares of Duke Energy in a research report on Monday, November 6th. Credit Suisse Group raised Duke Energy from a “neutral” rating to an “outperform” rating and cut their target price for the company from $91.00 to $83.00 in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $87.00 target price on shares of Duke Energy in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $87.18.

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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.

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

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