Essex Financial Services Inc. trimmed its position in shares of Duke Energy Corp (NYSE:DUK) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 13,785 shares of the utilities provider’s stock after selling 717 shares during the period. Essex Financial Services Inc.’s holdings in Duke Energy were worth $1,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. Nelson Roberts Investment Advisors LLC acquired a new stake in Duke Energy during the 3rd quarter valued at $112,000. Shamrock Asset Management LLC acquired a new stake in Duke Energy during the 4th quarter valued at $115,000. Global Trust Asset Management LLC acquired a new stake in Duke Energy during the 4th quarter valued at $115,000. Wealthcare Advisory Partners LLC acquired a new stake in Duke Energy during the 3rd quarter valued at $131,000. Finally, Acropolis Investment Management LLC acquired a new stake in Duke Energy during the 4th quarter valued at $131,000. 57.13% of the stock is owned by institutional investors and hedge funds.

Duke Energy Corp (NYSE:DUK) opened at $76.10 on Monday. Duke Energy Corp has a 52 week low of $72.93 and a 52 week high of $91.80. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The company has a market cap of $53,268.14, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 3.94 and a beta of 0.12.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a yield of 4.68%. Duke Energy’s dividend payout ratio (DPR) is 117.49%.

A number of research firms recently weighed in on DUK. UBS Group began coverage on shares of Duke Energy in a report on Friday, February 2nd. They set a “buy” rating and a $91.00 price target for the company. SunTrust Banks set a $80.00 price target on shares of Duke Energy and gave the company a “hold” rating in a report on Monday, February 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $91.00 price target on shares of Duke Energy in a report on Thursday, February 1st. Credit Suisse Group upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $91.00 to $83.00 in a research note on Tuesday, January 23rd. Finally, Wolfe Research upgraded shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $87.98.

TRADEMARK VIOLATION WARNING: This piece was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://theolympiareport.com/2018/02/12/duke-energy-corp-duk-position-trimmed-by-essex-financial-services-inc.html.

About Duke Energy

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.