MADDEN SECURITIES Corp Sells 703 Shares of Duke Energy Corporation $DUK

MADDEN SECURITIES Corp lessened its position in Duke Energy Corporation (NYSE:DUK) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,221 shares of the utilities provider’s stock after selling 703 shares during the period. MADDEN SECURITIES Corp’s holdings in Duke Energy were worth $852,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DUK. Activest Wealth Management boosted its holdings in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares during the period. Wayfinding Financial LLC bought a new position in Duke Energy during the 1st quarter valued at approximately $27,000. N.E.W. Advisory Services LLC purchased a new stake in Duke Energy in the 1st quarter worth approximately $27,000. Mascoma Wealth Management LLC grew its position in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of Duke Energy by 360.0% during 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. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Up 0.7%

NYSE:DUK opened at $124.38 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The firm’s 50-day moving average price is $122.71 and its 200-day moving average price is $119.65. The company has a market capitalization of $96.72 billion, a PE ratio of 20.22, a P/E/G ratio of 2.98 and a beta of 0.44. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The business had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of research analyst reports. Jefferies Financial Group lowered Duke Energy from a “buy” rating to a “hold” rating and dropped their price target for the stock from $141.00 to $134.00 in a research note on Friday, September 26th. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a report on Tuesday, July 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research note on Saturday, September 27th. Barclays boosted their price target on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Finally, UBS Group restated a “neutral” rating and issued a $127.00 price objective (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average target price of $133.08.

Insider Buying and Selling

In other news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. 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.