1,811 Shares in Duke Energy Co. (NYSE:DUK) Bought by J.P. Marvel Investment Advisors LLC

J.P. Marvel Investment Advisors LLC purchased a new stake in Duke Energy Co. (NYSE:DUK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,811 shares of the utilities provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DUK. Duality Advisers LP boosted its stake in Duke Energy by 57.8% in the 1st quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after buying an additional 9,917 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Duke Energy by 9.4% during the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock worth $10,520,000 after purchasing an additional 9,334 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in Duke Energy in the second quarter valued at about $2,888,000. Jupiter Asset Management Ltd. bought a new stake in Duke Energy during the first quarter worth about $1,396,000. Finally, Capital Wealth Planning LLC boosted its holdings in shares of Duke Energy by 1.6% in the 1st quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock worth $190,845,000 after acquiring an additional 31,309 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on DUK shares. The Goldman Sachs Group increased their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Royal Bank of Canada restated an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Wells Fargo & Company upped their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Barclays raised their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Scotiabank increased their price objective on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

Duke Energy Price Performance

DUK opened at $111.08 on Friday. The company has a fifty day simple moving average of $115.89 and a 200 day simple moving average of $108.61. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The stock has a market cap of $85.78 billion, a P/E ratio of 20.46, a P/E/G ratio of 3.07 and a beta of 0.47. Duke Energy Co. has a 12 month low of $86.61 and a 12 month high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the firm earned $0.91 EPS. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.76%. Duke Energy’s payout ratio is 76.98%.

About Duke Energy

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.