New York State Teachers Retirement System Sells 39,906 Shares of Duke Energy Co. (NYSE:DUK)

New York State Teachers Retirement System lowered its position in Duke Energy Co. (NYSE:DUK) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 665,520 shares of the utilities provider’s stock after selling 39,906 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Duke Energy worth $76,734,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC boosted its stake in Duke Energy by 11,471.4% in the 3rd 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 grew its position in shares of Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after acquiring an additional 1,117,526 shares during the period. Mackenzie Financial Corp increased its stake in shares of Duke Energy by 65.7% in the 2nd 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 in the last quarter. Wulff Hansen & CO. boosted its position in Duke Energy by 9,923.0% during the second 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 in the last quarter. Finally, BROOKFIELD Corp ON purchased a new stake in shares of Duke Energy in the first quarter valued at approximately $36,278,000. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DUK. Wells Fargo & Company lifted their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. BMO Capital Markets boosted their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays lifted their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a research note on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Trading Down 0.1 %

Duke Energy stock traded down $0.12 during trading on Wednesday, hitting $114.29. The company’s stock had a trading volume of 133,499 shares, compared to its average volume of 3,026,444. The stock’s fifty day moving average is $115.74 and its 200 day moving average 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. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25. The stock has a market capitalization of $88.25 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 3.27 and a beta of 0.46.

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

Duke Energy Announces Dividend

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

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares in the company, valued at $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by insiders.

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.