California State Teachers Retirement System Sells 40,632 Shares of Duke Energy Co. (NYSE:DUK)

California State Teachers Retirement System trimmed its holdings in shares of Duke Energy Co. (NYSE:DUK) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 919,628 shares of the utilities provider’s stock after selling 40,632 shares during the period. California State Teachers Retirement System owned about 0.12% of Duke Energy worth $99,081,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Parkworth Wealth Management Inc. acquired a new position in Duke Energy during the fourth quarter worth $28,000. WealthTrak Capital Management LLC acquired a new position in shares of Duke Energy during the 4th quarter worth about $30,000. Rakuten Securities Inc. raised its holdings in shares of Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 270 shares during the period. Sierra Ocean LLC acquired a new stake in Duke Energy in the 4th quarter valued at about $31,000. Finally, CGC Financial Services LLC grew its holdings in Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 242 shares during the period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of several research analyst reports. Guggenheim lifted their target price on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. BMO Capital Markets cut their target price on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. UBS Group raised their price objective on shares of Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, Jefferies Financial Group increased their target price on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $123.87.

Duke Energy Trading Up 0.7 %

Shares of DUK stock opened at $120.66 on Tuesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. Duke Energy Co. has a fifty-two week low of $97.49 and a fifty-two week high of $125.27. The company has a market cap of $93.76 billion, a PE ratio of 21.13, a P/E/G ratio of 2.79 and a beta of 0.39. The stock’s fifty day moving average price is $118.54 and its two-hundred day moving average price is $114.43.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Equities analysts predict that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy 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.