J.P. Marvel Investment Advisors LLC held its stake in shares of Duke Energy Corporation (NYSE:DUK) during the first quarter, Holdings Channel reports. The firm owned 3,411 shares of the utilities provider’s stock at the end of the first quarter. J.P. Marvel Investment Advisors LLC’s holdings in Duke Energy Corporation were worth $280,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Regentatlantic Capital LLC boosted its stake in shares of Duke Energy Corporation by 43.1% in the first quarter. Regentatlantic Capital LLC now owns 7,000 shares of the utilities provider’s stock worth $574,000 after buying an additional 2,107 shares during the last quarter. First Command Financial Services Inc. boosted its position in Duke Energy Corporation by 2.9% in the first quarter. First Command Financial Services Inc. now owns 3,491 shares of the utilities provider’s stock valued at $286,000 after buying an additional 100 shares during the last quarter. Visionary Asset Management Inc. boosted its position in Duke Energy Corporation by 4.8% in the first quarter. Visionary Asset Management Inc. now owns 37,936 shares of the utilities provider’s stock valued at $3,111,000 after buying an additional 1,721 shares during the last quarter. Atria Investments LLC boosted its position in Duke Energy Corporation by 32.2% in the first quarter. Atria Investments LLC now owns 32,177 shares of the utilities provider’s stock valued at $2,639,000 after buying an additional 7,833 shares during the last quarter. Finally, Integrated Wealth Management boosted its position in Duke Energy Corporation by 3.2% in the first quarter. Integrated Wealth Management now owns 8,107 shares of the utilities provider’s stock valued at $665,000 after buying an additional 248 shares during the last quarter. 55.41% of the stock is owned by institutional investors and hedge funds.

Duke Energy Corporation (NYSE DUK) traded up 0.45% on Tuesday, hitting $86.51. The stock had a trading volume of 474,091 shares. The company’s 50-day moving average is $84.79 and its 200-day moving average is $82.99. The stock has a market cap of $60.55 billion, a P/E ratio of 25.63 and a beta of 0.24. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.13%. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 101.48%.

WARNING: “J.P. Marvel Investment Advisors LLC Has $280,000 Position in Duke Energy Corporation (DUK)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/15/j-p-marvel-investment-advisors-llc-has-280000-position-in-duke-energy-corporation-duk.html.

Several research analysts recently commented on the company. Deutsche Bank AG reissued a “hold” rating and set a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. BMO Capital Markets reissued a “hold” rating and set a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Morgan Stanley boosted their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. Finally, BidaskClub cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $82.71.

In other news, Director E Marie Mckee sold 1,937 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK).

Institutional Ownership by Quarter for Duke Energy Corporation (NYSE:DUK)

Receive News & Stock Ratings for Duke Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corporation and related stocks with our FREE daily email newsletter.