Bartlett & CO. Wealth Management LLC Has $65.95 Million Position in Duke Energy Co. (NYSE:DUK)

Bartlett & CO. Wealth Management LLC decreased its position in shares of Duke Energy Co. (NYSE:DUK) by 1.2% during the 4th quarter, Holdings Channel reports. The fund owned 612,162 shares of the utilities provider’s stock after selling 7,579 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Duke Energy were worth $65,954,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Phillips Wealth Planners LLC raised its position in shares of Duke Energy by 5.0% during the fourth quarter. Phillips Wealth Planners LLC now owns 5,597 shares of the utilities provider’s stock worth $593,000 after purchasing an additional 267 shares during the period. Daymark Wealth Partners LLC raised its holdings in Duke Energy by 0.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 38,948 shares of the utilities provider’s stock worth $4,196,000 after buying an additional 188 shares during the period. Albion Financial Group UT lifted its stake in Duke Energy by 18.8% in the fourth quarter. Albion Financial Group UT now owns 8,369 shares of the utilities provider’s stock valued at $902,000 after buying an additional 1,323 shares in the last quarter. Missouri Trust & Investment Co increased its position in shares of Duke Energy by 10.3% during the fourth quarter. Missouri Trust & Investment Co now owns 1,071 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 100 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Duke Energy by 31.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 37,449 shares of the utilities provider’s stock worth $4,035,000 after acquiring an additional 8,963 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on DUK. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Barclays boosted their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, Scotiabank upped their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.23.

Duke Energy Stock Down 1.7 %

Duke Energy stock opened at $108.86 on Thursday. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The stock has a market cap of $84.09 billion, a P/E ratio of 20.01, a P/E/G ratio of 2.76 and a beta of 0.49. The company’s 50-day moving average price is $110.38 and its two-hundred day moving average price is $112.19. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the business posted $1.94 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts expect that Duke Energy Co. will post 5.92 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.84%. Duke Energy’s dividend payout ratio is 76.84%.

Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.