J.P. Marvel Investment Advisors LLC Maintains Holdings in Duke Energy Corporation (DUK)
J.P. Marvel Investment Advisors LLC maintained its stake in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,411 shares of the utilities provider’s stock at the end of the second quarter. J.P. Marvel Investment Advisors LLC’s holdings in Duke Energy Corporation were worth $285,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Winfield Associates Inc. increased its position in Duke Energy Corporation by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 165 shares during the period. Daiwa SB Investments Ltd. acquired a new position in Duke Energy Corporation in the 2nd quarter valued at approximately $130,000. Jacobi Capital Management LLC increased its position in Duke Energy Corporation by 104.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 1,010 shares during the period. Camarda Financial Advisors LLC increased its position in Duke Energy Corporation by 357.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after acquiring an additional 1,664 shares during the period. Finally, Westwood Holdings Group Inc. acquired a new position in Duke Energy Corporation in the 2nd quarter valued at approximately $181,000. 56.30% of the stock is owned by institutional investors and hedge funds.
In other Duke Energy Corporation news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.
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Shares of Duke Energy Corporation (NYSE:DUK) opened at $88.63 on Thursday. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The firm has a market cap of $62,164.83, a price-to-earnings ratio of 19.96, a PEG ratio of 4.86 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. Duke Energy Corporation’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 earnings per share. research analysts anticipate that Duke Energy Corporation will post 4.56 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s payout ratio is 117.49%.
Several brokerages have issued reports on DUK. BMO Capital Markets restated a “hold” rating and issued a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Morgan Stanley upped their price target on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Citigroup Inc. upped their price target on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Deutsche Bank AG restated a “hold” rating and issued a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.90.
About Duke Energy Corporation
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.
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