Lombard Odier Asset Management USA Corp Purchases New Position in Duke Energy Corporation $DUK

Lombard Odier Asset Management USA Corp acquired a new stake in Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 36,246 shares of the utilities provider’s stock, valued at approximately $4,277,000. Duke Energy comprises about 0.3% of Lombard Odier Asset Management USA Corp’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Activest Wealth Management boosted its holdings in shares of Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy during the second quarter valued at about $28,000. Mascoma Wealth Management LLC increased its stake in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares during the period. Financial Network Wealth Advisors LLC increased its stake in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after buying an additional 198 shares during the period. Finally, Access Investment Management LLC acquired a new stake in Duke Energy during the 2nd quarter worth approximately $31,000. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DUK shares. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research report on Monday, December 1st. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a report on Tuesday, October 28th. Jefferies Financial Group cut their target price on Duke Energy from $138.00 to $126.00 and set a “hold” rating on the stock in a report on Monday. BTIG Research upgraded Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Cowen initiated coverage on Duke Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.69.

Duke Energy Trading Down 1.2%

NYSE DUK opened at $115.12 on Tuesday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40. The business has a 50 day simple moving average of $124.01 and a 200 day simple moving average of $121.27. The stock has a market capitalization of $89.52 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.68 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The company had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter last year, the firm posted $1.62 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. The ex-dividend date is Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.7%. Duke Energy’s dividend payout ratio is currently 66.98%.

Insider Activity

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the completion of the sale, the executive vice president directly owned 11,367 shares in the company, valued at $1,407,234.60. This trade represents a 41.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is owned by company insiders.

Duke Energy Company 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.