Duke Energy Corporation $DUK Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System raised its stake in Duke Energy Corporation (NYSE:DUK) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 649,924 shares of the utilities provider’s stock after purchasing an additional 39,659 shares during the quarter. New York State Teachers Retirement System’s holdings in Duke Energy were worth $85,101,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DUK. Basso Capital Management L.P. purchased a new position in Duke Energy in the 4th quarter valued at $25,000. Dorato Capital Management acquired a new position in Duke Energy in the 4th quarter valued at $26,000. Evolution Wealth Management Inc. raised its position in Duke Energy by 1,111.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in Duke Energy during the 3rd quarter worth $27,000. Finally, Triumph Capital Management lifted its stake in shares of Duke Energy by 68.6% in the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Duke Energy stock opened at $129.44 on Friday. The firm has a market capitalization of $100.91 billion, a PE ratio of 19.82 and a beta of 0.38. Duke Energy Corporation has a 52 week low of $113.89 and a 52 week high of $134.49. The firm’s 50-day simple moving average is $124.97 and its 200 day simple moving average is $124.75. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.06. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $1.76 EPS. On average, equities research analysts predict that Duke Energy Corporation will post 6.71 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, May 15th. Duke Energy’s dividend payout ratio (DPR) is 65.24%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DUK shares. BTIG Research reiterated a “buy” rating and set a $139.00 price target on shares of Duke Energy in a research note on Tuesday, June 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. Jefferies Financial Group dropped their target price on Duke Energy from $143.00 to $138.00 in a research report on Monday, May 11th. Capitol Sec Mgt downgraded Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, UBS Group reduced their price target on Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Insider Activity at Duke Energy

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the sale, the chief executive officer owned 96,102 shares in the company, valued at approximately $11,952,205.74. This represents a 17.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the transaction, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at $2,680,087.25. The trade was a 14.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

Duke Energy Company Profile

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.