Bartlett & Co. LLC Buys 11,920 Shares of Duke Energy Corporation (NYSE:DUK)

Bartlett & Co. LLC raised its stake in Duke Energy Corporation (NYSE:DUK) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 347,264 shares of the utilities provider’s stock after buying an additional 11,920 shares during the period. Duke Energy Corporation accounts for about 1.3% of Bartlett & Co. LLC’s holdings, making the stock its 24th largest position. Bartlett & Co. LLC’s holdings in Duke Energy Corporation were worth $29,028,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DUK. Atlas Brown Inc. increased its stake in Duke Energy Corporation by 9.1% in the first quarter. Atlas Brown Inc. now owns 10,342 shares of the utilities provider’s stock valued at $848,000 after buying an additional 861 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Duke Energy Corporation by 4.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 611,726 shares of the utilities provider’s stock worth $50,168,000 after buying an additional 27,259 shares in the last quarter. Private Asset Management Inc. increased its stake in Duke Energy Corporation by 0.4% in the first quarter. Private Asset Management Inc. now owns 28,748 shares of the utilities provider’s stock worth $2,358,000 after buying an additional 111 shares in the last quarter. Liberty Capital Management Inc. increased its stake in Duke Energy Corporation by 30.0% in the first quarter. Liberty Capital Management Inc. now owns 1,950 shares of the utilities provider’s stock worth $160,000 after buying an additional 450 shares in the last quarter. Finally, Beacon Financial Group increased its stake in Duke Energy Corporation by 1.5% in the first quarter. Beacon Financial Group now owns 110,158 shares of the utilities provider’s stock worth $9,037,000 after buying an additional 1,622 shares in the last quarter. Institutional investors own 55.41% of the company’s stock.

Duke Energy Corporation (DUK) traded up 0.59% on Friday, reaching $86.38. The company had a trading volume of 2,853,827 shares. The stock has a market capitalization of $60.46 billion, a P/E ratio of 25.59 and a beta of 0.24. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The stock’s 50 day moving average is $84.90 and its 200-day moving average is $83.17.

Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. Duke Energy Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. On average, equities analysts predict that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio (DPR) is 105.64%.

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A number of equities research analysts have issued reports on the company. BMO Capital Markets restated a “hold” rating and set a $81.00 price target on shares of Duke Energy Corporation in a research note on Friday, April 28th. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Barclays PLC restated an “equal weight” rating and set a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Deutsche Bank AG restated a “hold” rating and set a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.71.

In other news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director E Marie Mckee sold 1,937 shares of Duke Energy Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

Duke Energy Corporation 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 Corporation (NYSE:DUK)

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