Marco Investment Management LLC Has $4.03 Million Holdings in Duke Energy Co. (NYSE:DUK)

Marco Investment Management LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,969 shares of the utilities provider’s stock after selling 150 shares during the quarter. Marco Investment Management LLC’s holdings in Duke Energy were worth $4,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DUK. Janus Henderson Group PLC raised 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 valued at $10,520,000 after acquiring an additional 9,334 shares during the last quarter. Goodman Advisory Group LLC acquired a new position in Duke Energy in the second quarter valued at about $2,888,000. PrairieView Partners LLC bought a new position in Duke Energy during the second quarter worth about $501,000. Commerce Bank grew its position in shares of Duke Energy by 5.9% during the 3rd quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock worth $31,041,000 after buying an additional 15,069 shares during the period. Finally, Marshall Financial Group LLC raised its position in shares of Duke Energy by 158.9% in the 3rd quarter. Marshall Financial Group LLC now owns 8,483 shares of the utilities provider’s stock valued at $978,000 after acquiring an additional 5,206 shares during the period. 65.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on DUK. BMO Capital Markets upped their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Bank of America raised their price objective on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Barclays increased their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Morgan Stanley cut their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Price Performance

NYSE DUK opened at $114.70 on Friday. Duke Energy Co. has a 12-month low of $89.92 and a 12-month high of $121.25. The firm’s 50 day moving average is $115.14 and its 200-day moving average is $109.74. The company has a market capitalization of $88.60 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.03 and a beta of 0.47. 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 issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.94 earnings per share. Equities research analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) 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.