Hartford Investment Management Co. Sells 920 Shares of Duke Energy Co. (NYSE:DUK)

Hartford Investment Management Co. lessened its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,596 shares of the utilities provider’s stock after selling 920 shares during the quarter. Hartford Investment Management Co.’s holdings in Duke Energy were worth $5,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atlas Wealth Partners LLC raised its holdings in shares of Duke Energy by 16.9% during the fourth quarter. Atlas Wealth Partners LLC now owns 2,582 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 374 shares in the last quarter. Certuity LLC raised its holdings in shares of Duke Energy by 29.5% during the fourth quarter. Certuity LLC now owns 3,380 shares of the utilities provider’s stock valued at $364,000 after acquiring an additional 770 shares in the last quarter. New Republic Capital LLC raised its holdings in shares of Duke Energy by 3.5% during the fourth quarter. New Republic Capital LLC now owns 3,693 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 124 shares in the last quarter. Community Bank & Trust Waco Texas raised its holdings in shares of Duke Energy by 10.0% during the fourth quarter. Community Bank & Trust Waco Texas now owns 17,796 shares of the utilities provider’s stock valued at $1,917,000 after acquiring an additional 1,619 shares in the last quarter. Finally, Wealthcare Capital Partners LLC bought a new position in shares of Duke Energy during the fourth quarter valued at approximately $296,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 1.0 %

NYSE DUK opened at $116.70 on Wednesday. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The stock has a market cap of $90.15 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.83 and a beta of 0.50. The stock’s fifty day moving average price is $109.74 and its 200-day moving average price is $112.85. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.58%. Duke Energy’s dividend payout ratio is currently 76.84%.

Analysts Set New Price Targets

A number of equities analysts recently commented on DUK shares. Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley reduced their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, BMO Capital Markets upped their price target on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.