Grandfield & Dodd LLC trimmed its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,039 shares of the utilities provider’s stock after selling 233 shares during the period. Grandfield & Dodd LLC’s holdings in Duke Energy Corporation were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Valley National Advisers Inc. boosted its stake in shares of Duke Energy Corporation by 0.7% during the 1st quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 18 shares in the last quarter. Accredited Investors Inc. boosted its stake in shares of Duke Energy Corporation by 0.7% during the 1st quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 19 shares in the last quarter. Hayek Kallen Investment Management boosted its stake in shares of Duke Energy Corporation by 0.5% during the 1st quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock worth $325,000 after acquiring an additional 19 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Duke Energy Corporation by 0.4% during the 1st quarter. MCF Advisors LLC now owns 4,499 shares of the utilities provider’s stock worth $369,000 after acquiring an additional 20 shares in the last quarter. Finally, Shoker Investment Counsel Inc. boosted its stake in shares of Duke Energy Corporation by 0.5% during the 1st quarter. Shoker Investment Counsel Inc. now owns 4,484 shares of the utilities provider’s stock worth $367,000 after acquiring an additional 21 shares in the last quarter. 56.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Duke Energy Corporation (DUK) opened at 87.49 on Friday. The firm has a market capitalization of $61.24 billion, a PE ratio of 25.92 and a beta of 0.25. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40. The company’s 50-day moving average price is $86.62 and its 200-day moving average price is $84.29.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.89 per share. The ex-dividend date 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 yield of 4.07%. Duke Energy Corporation’s dividend payout ratio is presently 105.64%.

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In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by corporate insiders.

DUK has been the subject of several recent analyst reports. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Friday, July 21st. BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 price target on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $87.00 price target (down previously from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Duke Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $83.11.

Duke Energy Corporation 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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