BTIM Corp. Acquires 1,133 Shares of Duke Energy Corporation (NYSE:DUK)

BTIM Corp. boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 26.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 5,484 shares of the utilities provider’s stock after buying an additional 1,133 shares during the period. BTIM Corp.’s holdings in Duke Energy Corporation were worth $458,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bank purchased a new stake in Duke Energy Corporation during the first quarter worth about $104,000. Jolley Asset Management LLC boosted its stake in shares of Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after buying an additional 313 shares during the period. North Star Investment Management Corp. raised its position in Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new position in Duke Energy Corporation during the second quarter worth approximately $130,000. Finally, Advantage Investment Management LLC raised its position in Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares in the last quarter. Institutional investors and hedge funds own 55.41% of the company’s stock.

Duke Energy Corporation (DUK) opened at 86.38 on Friday. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75. The stock has a 50 day moving average price of $84.90 and a 200 day moving average price of $83.17. The company has a market cap of $60.46 billion, a price-to-earnings ratio of 25.59 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last released its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.

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

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DUK has been the topic of several research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 price target on shares of Duke Energy Corporation in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $82.00 to $85.00 in a report on Monday, June 26th. BidaskClub downgraded Duke Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $87.00 price objective (down from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Finally, Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Duke Energy Corporation currently has a consensus rating of “Hold” and an average target price of $82.71.

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

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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