Duke Energy Co. (NYSE:DUK) Stock Holdings Cut by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Duke Energy Co. (NYSE:DUK) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 665,520 shares of the utilities provider’s stock after selling 39,906 shares during the quarter. New York State Teachers Retirement System’s holdings in Duke Energy were worth $76,734,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its position in shares of Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after acquiring an additional 1,117,526 shares during the last quarter. Mackenzie Financial Corp boosted its position in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after purchasing an additional 813,744 shares during the last quarter. Wulff Hansen & CO. increased its position in Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after purchasing an additional 761,590 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in shares of Duke Energy in the 1st quarter valued at approximately $36,278,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several recent analyst reports. Scotiabank upped their price target on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Bank of America increased their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets increased their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group initiated coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Price Performance

Shares of Duke Energy stock traded down $0.12 during trading on Wednesday, reaching $114.29. 133,499 shares of the company’s stock were exchanged, compared to its average volume of 3,026,444. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25. The firm’s 50-day moving average price is $115.74 and its 200 day moving average price is $107.92. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The company has a market cap of $88.25 billion, a P/E ratio of 21.07, a PEG ratio of 3.27 and a beta of 0.46.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. As a group, research analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.66%. Duke Energy’s payout ratio is currently 76.98%.

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.