New York State Teachers Retirement System Has $76.75 Million Stock Holdings in Duke Energy Corporation $DUK

New York State Teachers Retirement System lowered its stake in Duke Energy Corporation (NYSE:DUKFree Report) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 620,208 shares of the utilities provider’s stock after selling 4,659 shares during the period. New York State Teachers Retirement System’s holdings in Duke Energy were worth $76,751,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC grew its holdings in Duke Energy by 11,417.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock valued at $2,084,917,000 after buying an additional 17,515,383 shares in the last quarter. Vanguard Group Inc. increased its holdings in Duke Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock valued at $8,934,580,000 after buying an additional 1,154,783 shares during the period. Assenagon Asset Management S.A. raised its position in Duke Energy by 448.9% during the third quarter. Assenagon Asset Management S.A. now owns 826,296 shares of the utilities provider’s stock valued at $102,254,000 after purchasing an additional 675,768 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of Duke Energy by 64.4% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,472,321 shares of the utilities provider’s stock worth $173,734,000 after buying an additional 576,674 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Duke Energy by 21.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,726,823 shares of the utilities provider’s stock worth $321,765,000 after acquiring an additional 474,325 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on DUK shares. Scotiabank increased their price target on Duke Energy from $137.00 to $146.00 and gave the company a “sector outperform” rating in a research note on Tuesday, December 16th. Wells Fargo & Company raised Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Jefferies Financial Group dropped their price target on shares of Duke Energy from $138.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, December 8th. UBS Group decreased their price objective on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Mizuho lifted their price objective on Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.50.

Read Our Latest Stock Analysis on Duke Energy

Duke Energy News Summary

Here are the key news stories impacting Duke Energy this week:

Duke Energy Stock Performance

NYSE DUK opened at $116.80 on Friday. The company has a market cap of $90.83 billion, a P/E ratio of 18.36, a PEG ratio of 2.54 and a beta of 0.50. The company has a fifty day simple moving average of $119.51 and a 200 day simple moving average of $121.33. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUKGet Free Report) last posted its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 EPS. Sell-side analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, February 13th. Duke Energy’s dividend payout ratio is presently 66.98%.

Insider Activity at Duke Energy

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the transaction, the executive vice president owned 11,367 shares in the company, valued at $1,407,234.60. The trade was a 41.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

About Duke Energy

(Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

See Also

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUKFree Report).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.