California State Teachers Retirement System Has $99.08 Million Stock Position in Duke Energy Co. (NYSE:DUK)

California State Teachers Retirement System trimmed its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 919,628 shares of the utilities provider's stock after selling 40,632 shares during the period. California State Teachers Retirement System owned 0.12% of Duke Energy worth $99,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lido Advisors LLC boosted its stake in Duke Energy by 7.2% during the 4th quarter. Lido Advisors LLC now owns 33,136 shares of the utilities provider's stock valued at $3,570,000 after purchasing an additional 2,223 shares during the period. Northern Trust Corp boosted its stake in Duke Energy by 6.7% during the 4th quarter. Northern Trust Corp now owns 8,001,073 shares of the utilities provider's stock valued at $862,036,000 after purchasing an additional 499,652 shares during the period. Optiver Holding B.V. boosted its stake in Duke Energy by 26.6% during the 4th quarter. Optiver Holding B.V. now owns 2,644 shares of the utilities provider's stock valued at $285,000 after purchasing an additional 555 shares during the period. Beacon Pointe Advisors LLC boosted its stake in Duke Energy by 14.4% during the 4th quarter. Beacon Pointe Advisors LLC now owns 51,843 shares of the utilities provider's stock valued at $5,586,000 after purchasing an additional 6,542 shares during the period. Finally, Second Half Financial Partners LLC boosted its stake in Duke Energy by 6.4% during the 4th quarter. Second Half Financial Partners LLC now owns 1,972 shares of the utilities provider's stock valued at $212,000 after purchasing an additional 118 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DUK. Jefferies Financial Group upped their price target on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price target 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. Guggenheim upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Barclays upped their price target on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, BMO Capital Markets reduced their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.87.

Duke Energy Trading Down 0.6 %

Shares of DUK stock traded down $0.71 during trading hours on Thursday, reaching $121.32. 2,609,531 shares of the stock traded hands, compared to its average volume of 3,383,386. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $94.26 billion, a PE ratio of 21.25, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 1-year low of $98.58 and a 1-year high of $125.27. The business has a fifty day moving average price of $118.85 and a 200 day moving average price of $114.53.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.45%. Duke Energy's dividend payout ratio (DPR) is presently 73.20%.

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.