The Sawtooth Solutions LLC Has $693,000 Stake in Duke Energy Corporation (DUK), Report finds

Other institutional investors also recently modified their holdings of the company. Chicago Equity Partners LLC increased its position in shares of Duke Energy Corporation by 1.7% in the second quarter. Chicago Equity Partners LLC now owns 3,670 shares of the company’s stock worth $315,000 after buying an additional 60 shares during the period. DT Investment Partners LLC increased its position in shares of Duke Energy Corporation by 21.0% in the second quarter. DT Investment Partners LLC now owns 10,289 shares of the company’s stock worth $882,000 after buying an additional 1,784 shares during the period. Duff & Phelps Investment Management Co. bought a new position in shares of Duke Energy Corporation during the second quarter worth about $365,000. Penobscot Investment Management Company Inc. bought a new position in shares of Duke Energy Corporation during the second quarter worth about $208,000. Finally, Sequoia Financial Advisors LLC increased its position in shares of Duke Energy Corporation by 0.6% in the second quarter. Sequoia Financial Advisors LLC now owns 3,451 shares of the company’s stock worth $296,000 after buying an additional 19 shares during the period. Institutional investors own 57.01% of the company’s stock.

Sawtooth Solutions LLC decreased its position in Duke Energy Corporation (NYSE:DUK) by 20.2% during the third quarter, Holdings Channel reports. The firm owned 8,664 shares of the company’s stock after selling 2,198 shares during the period. Sawtooth Solutions LLC’s holdings in Duke Energy Corporation were worth $693,000 as of its most recent SEC filing.

Shares of Duke Energy Corporation (NYSE:DUK) opened at 78.10 on Monday. The firm has a market cap of $53.81 billion, a PE ratio of 18.89 and a beta of 0.14. The firm has a 50-day moving average price of $77.47 and a 200-day moving average price of $78.59. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Friday, February 17th will be issued a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, February 15th. Duke Energy Corporation’s dividend payout ratio is presently 82.61%.

DUK has been the subject of a number of analyst reports. Howard Weil lowered their price objective on Duke Energy Corporation from $88.00 to $83.00 and set a “sector perform” rating for the company in a research report on Monday, November 7th. Scotiabank restated a “sector perform” rating and set a $83.00 price objective (down from $88.00) on shares of Duke Energy Corporation in a research report on Monday, November 7th. Bank of America Corporation downgraded Duke Energy Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $78.00 to $69.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. J P Morgan Chase & Co downgraded Duke Energy Corporation from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $79.00 to $77.00 in a research report on Friday, December 16th. Finally, Vetr downgraded Duke Energy Corporation from a “hold” rating to a “sell” rating and set a $73.00 price objective for the company. in a research report on Tuesday, December 27th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $79.55.

In related news, EVP Frank H. Yoho bought 14,850 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was bought at an average cost of $74.00 per share, for a total transaction of $1,098,900.00. Following the acquisition, the executive vice president now directly owns 23,687 shares of the company’s stock, valued at approximately $1,752,838. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Duke Energy Corporation Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC; Progress Energy, Inc; Duke Energy Progress, LLC; Duke Energy Florida, LLC; Duke Energy Ohio, Inc , and Duke Energy Indiana, Inc (Duke Energy Indiana).

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