Wilbanks Smith & Thomas Asset Management LLC lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 4.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,616 shares of the utilities provider’s stock after selling 732 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Duke Energy were worth $1,482,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nelson Roberts Investment Advisors LLC purchased a new position in shares of Duke Energy in the 3rd quarter worth approximately $112,000. Shamrock Asset Management LLC purchased a new position in shares of Duke Energy in the 4th quarter worth approximately $115,000. Global Trust Asset Management LLC purchased a new position in shares of Duke Energy in the 4th quarter worth approximately $115,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Duke Energy in the 3rd quarter worth approximately $131,000. Finally, Acropolis Investment Management LLC purchased a new position in shares of Duke Energy in the 4th quarter worth approximately $131,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

Shares of Duke Energy Corp (NYSE:DUK) opened at $76.81 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 1-year low of $72.93 and a 1-year high of $91.80. The stock has a market cap of $53,760.00, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 3.94 and a beta of 0.12.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued 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 yield of 4.63%. Duke Energy’s payout ratio is 93.44%.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. SunTrust Banks set a $82.00 price objective on Duke Energy and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Bank of America reiterated a “neutral” rating and issued a $92.00 price objective on shares of Duke Energy in a research note on Tuesday, October 24th. Morgan Stanley dropped their price objective on Duke Energy from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Wolfe Research upgraded Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Duke Energy has an average rating of “Hold” and a consensus price target of $87.18.

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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.

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

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