MADDEN SECURITIES Corp Has $903,000 Holdings in Duke Energy Co. (NYSE:DUK)

MADDEN SECURITIES Corp lessened its stake in Duke Energy Co. (NYSE:DUK – Get Rating) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,769 shares of the utilities provider’s stock after selling 150 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Duke Energy were worth $903,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DUK. Legend Financial Advisors Inc. acquired a new position in Duke Energy during the third quarter worth about $25,000. Lowe Wealth Advisors LLC boosted its holdings in shares of Duke Energy by 124.8% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 299 shares of the utilities provider’s stock worth $28,000 after buying an additional 166 shares in the last quarter. EWG Elevate Inc. bought a new position in shares of Duke Energy during the 4th quarter worth approximately $28,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Duke Energy during the third quarter worth approximately $30,000. Finally, Clear Perspectives Financial Planning LLC raised its position in shares of Duke Energy by 1,138.5% during the third quarter. Clear Perspectives Financial Planning LLC now owns 322 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 63.22% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE DUK traded down $0.81 during trading hours on Friday, reaching $96.39. 5,914,272 shares of the stock traded hands, compared to its average volume of 2,992,928. The company has a market capitalization of $74.23 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 3.10 and a beta of 0.42. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 1.34. Duke Energy Co. has a 52-week low of $83.76 and a 52-week high of $116.33. The company’s 50-day simple moving average is $99.26 and its two-hundred day simple moving average is $99.01.

Duke Energy (NYSE:DUK – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The utilities provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $5.27 billion. Duke Energy had a return on equity of 8.45% and a net margin of 9.11%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Equities research analysts forecast that Duke Energy Co. will post 5.63 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 16th. Stockholders of record on Friday, February 17th were paid a dividend of $1.005 per share. The ex-dividend date was Thursday, February 16th. This represents a $4.02 annualized dividend and a dividend yield of 4.17%. Duke Energy’s dividend payout ratio (DPR) is presently 121.08%.

Insider Activity

In other news, SVP Louis E. Renjel sold 1,900 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $99.90, for a total transaction of $189,810.00. Following the transaction, the senior vice president now directly owns 9,967 shares of the company’s stock, valued at $995,703.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of a number of analyst reports. BMO Capital Markets increased their price target on Duke Energy from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, January 4th. Morgan Stanley lowered their price target on Duke Energy from $108.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 22nd. Seaport Res Ptn raised Duke Energy from a “sell” rating to a “neutral” rating in a research report on Friday. StockNews.com assumed coverage on Duke Energy in a research report on Thursday. They set a “hold” rating for the company. Finally, Wells Fargo & Company cut their price target on Duke Energy from $111.00 to $103.00 and set an “equal weight” rating for the company in a research note on Friday, February 10th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy has an average rating of “Hold” and an average price target of $106.64.

Duke Energy Profile

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Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities & Infrastructure and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in regulated electric utilities in the Carolinas, Florida and the Midwest.