MeadowBrook Investment Advisors LLC Sells 414 Shares of Duke Energy Co. (NYSE:DUK)

MeadowBrook Investment Advisors LLC cut its stake in shares of Duke Energy Co. (NYSE:DUK) by 21.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,493 shares of the utilities provider’s stock after selling 414 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Duke Energy were worth $172,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DUK. Fortitude Family Office LLC lifted its stake in Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares in the last quarter. Olistico Wealth LLC bought a new position in Duke Energy during the 2nd quarter valued at $30,000. Northwest Investment Counselors LLC bought a new position in Duke Energy during the 3rd quarter valued at $30,000. Cedar Wealth Management LLC lifted its stake in Duke Energy by 101.2% during the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in Duke Energy during the 1st quarter valued at $36,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

NYSE:DUK traded down $0.45 during mid-day trading on Thursday, reaching $110.86. The stock had a trading volume of 386,100 shares, compared to its average volume of 3,046,946. The firm has a 50 day moving average price of $115.61 and a two-hundred day moving average price of $109.08. The stock has a market capitalization of $85.64 billion, a P/E ratio of 20.45, a P/E/G ratio of 3.06 and a beta of 0.47. Duke Energy Co. has a one year low of $88.27 and a one year high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.77%. Duke Energy’s payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DUK shares. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. The Goldman Sachs Group lifted their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Evercore ISI lifted their target price on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company lifted their target price on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $121.85.

About Duke Energy

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.