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Marc Wechsler

Marc Wechsler. Recommendations. Buy: Limit at $14.50-$15.00 Sell: Limit at $20. Background. Energy Company U.S. Franchised Electric and Gas Commercial Power International Power Supplies energy to ~4 million U.S. customers ~ 35,000 megawatts in the Midwest and the Carolinas

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Marc Wechsler

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  1. Marc Wechsler

  2. Recommendations • Buy: Limit at $14.50-$15.00 • Sell: Limit at $20

  3. Background • Energy Company • U.S. Franchised Electric and Gas • Commercial Power • International Power • Supplies energy to ~4 million U.S. customers • ~ 35,000 megawatts in the Midwest and the Carolinas • Natural gas distribution services in Ohio and Kentucky • ~ 4,000 megawatts in Latin America. • Based in Charlotte, North Carolina

  4. Current Activities • HELPING THE ENVIRONMENT!!!! • Nuclear power plant in the Carolinas • Two combined cycle natural gas-fired units at existing facilities in the Carolinas • Advanced cleaner-coal plants in the Carolinas and Midwest • Pursuing renewable power plant technologies • Pursuing additional energy efficiency and conservation • Obviously many other conventional plants (hydro-electric/gas/electric/etc)

  5. Basic Numbers • Current Price: $15.70 • P/E Ratio: 18.43 • Beta: 0.38 • Dividend/ Yield: $0.24/ 6.10% • EPS: $0.86 • 52-Week Low: $11.72 • 52-Week High: $17.20 • Market Cap: $20.41B • Institutional Ownership: 51%

  6. Duke Energy: 1 Month

  7. Duke Energy: 3 Month

  8. Duke Energy vs. Competitors

  9. Duke Energy: Competition • NiSource Inc & CenterPoint Energy • Much smaller market caps • Smaller net profit margins • Smaller dividends • NiSource had a Q3 loss • Are not as committed to responsible change for the environment • Dominion Resources • Smaller dividend • Downgraded to underperform by Jeffries & Co. on 9/10

  10. Reasons to Buy • Follows our goal of socially responsible investing (new technologies that are better for the environment) • Q2 & Q3 results are up and look good • Although it might have to pay ~ $120 million in carbon-trading costs, the plans for its alternative energy plants could help defray carbon-costs

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