New York State Teachers Retirement System Has $69.74 Million Stock Position in Duke Energy Co. (NYSE:DUK)

New York State Teachers Retirement System cut its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 647,264 shares of the utilities provider's stock after selling 18,256 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Duke Energy worth $69,736,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DUK. CX Institutional boosted its position in shares of Duke Energy by 10.8% in the third quarter. CX Institutional now owns 3,474 shares of the utilities provider's stock worth $401,000 after buying an additional 339 shares during the period. Creative Planning boosted its position in shares of Duke Energy by 9.3% in the third quarter. Creative Planning now owns 304,434 shares of the utilities provider's stock worth $35,101,000 after buying an additional 25,937 shares during the period. Sumitomo Life Insurance Co. boosted its position in shares of Duke Energy by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 9,510 shares of the utilities provider's stock worth $1,097,000 after buying an additional 262 shares during the period. Provident Wealth Management LLC acquired a new stake in shares of Duke Energy in the third quarter worth $226,000. Finally, Alliance Wealth Advisors LLC boosted its position in shares of Duke Energy by 11.4% in the third quarter. Alliance Wealth Advisors LLC now owns 4,028 shares of the utilities provider's stock worth $464,000 after buying an additional 413 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Down 0.7 %

Shares of NYSE:DUK traded down $0.75 on Tuesday, reaching $110.85. The company had a trading volume of 4,726,563 shares, compared to its average volume of 3,323,273. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The stock has a 50-day moving average price of $109.85 and a 200 day moving average price of $113.00. The stock has a market capitalization of $85.63 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.83 and a beta of 0.50. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly 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 return on equity of 9.34% and a net margin of 14.31%. On average, equities analysts expect that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.77%. Duke Energy's dividend payout ratio is presently 76.84%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Morgan Stanley decreased their target price on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. BMO Capital Markets raised their target price on Duke Energy from $119.00 to $124.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. KeyCorp downgraded Duke Energy from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 22nd. Finally, Scotiabank boosted their target price on Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $122.08.

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.