Duke Energy Co. (NYSE:DUK) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 76.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,745 shares of the utilities provider's stock after selling 428,444 shares during the period. Teacher Retirement System of Texas' holdings in Duke Energy were worth $14,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Parkworth Wealth Management Inc. bought a new position in shares of Duke Energy during the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Duke Energy during the third quarter valued at $29,000. Sierra Ocean LLC bought a new position in Duke Energy during the fourth quarter valued at $31,000. Rakuten Securities Inc. grew its stake 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 worth $31,000 after buying an additional 270 shares in the last quarter. Finally, CGC Financial Services LLC increased its holdings in shares of Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of analyst reports. UBS Group increased their price target on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a report on Friday. Morgan Stanley lifted their target price on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Jefferies Financial Group increased their price target on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets increased their target price on shares of Duke Energy from $123.00 to $128.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.87.

Remove Ads

Duke Energy Trading Down 2.1 %

Shares of Duke Energy stock traded down $2.51 on Tuesday, hitting $115.64. 1,356,057 shares of the company traded hands, compared to its average volume of 2,999,686. Duke Energy Co. has a 52 week low of $92.75 and a 52 week high of $121.47. The company has a market cap of $89.86 billion, a PE ratio of 20.25, a PEG ratio of 2.79 and a beta of 0.48. The stock's 50 day moving average price is $114.39 and its 200-day moving average price is $113.66. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Equities research analysts predict that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were given a dividend of $1.045 per share. The ex-dividend date was Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.61%. Duke Energy's dividend payout ratio (DPR) is presently 73.20%.

About Duke Energy

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.