National Pension Service Has $268.86 Million Stake in Duke Energy Corporation $DUK

Key Points

• National Pension Service increased its Duke Energy stake by 1.8% in the second quarter, holding 2.12 million shares worth approximately $268.86 million. Institutional investors collectively own 65.31% of the company.
• Analysts maintain a generally positive outlook, with Duke Energy receiving a “Moderate Buy” consensus rating and an average price target of $137.94, compared with its recent opening price of $120.44.
• Duke Energy exceeded quarterly earnings expectations, reporting $1.43 in earnings per share versus the $1.30 consensus estimate, while revenue rose 1.1% year over year. The company also increased its quarterly dividend to $1.085, implying a 3.6% annual yield.

National Pension Service raised its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,124,004 shares of the utilities provider's stock after purchasing an additional 36,835 shares during the quarter. National Pension Service owned 0.27% of Duke Energy worth $268,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System grew its stake in Duke Energy by 12,624.6% during the 2nd quarter. California State Teachers Retirement System now owns 114,736,922 shares of the utilities provider's stock valued at $14,523,400,000 after acquiring an additional 113,835,227 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Duke Energy in the second quarter worth approximately $605,680,000. Janus Henderson Group PLC boosted its holdings in shares of Duke Energy by 5,254.4% during the first quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider's stock worth $358,227,000 after purchasing an additional 2,684,721 shares during the period. Cullen Capital Management LLC acquired a new position in Duke Energy in the 2nd quarter valued at approximately $244,731,000. Finally, Amundi boosted its stake in shares of Duke Energy by 56.9% during the 4th quarter. Amundi now owns 2,662,460 shares of the utilities provider's stock valued at $312,067,000 after buying an additional 965,808 shares during the period. Hedge funds and other institutional investors own 65.31% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho set a $136.00 price objective on Duke Energy in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price target on Duke Energy from $136.00 to $141.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. BTIG Research reissued a "buy" rating on shares of Duke Energy in a research note on Thursday, July 23rd. KeyCorp raised shares of Duke Energy from a "sector weight" rating to an "overweight" rating and set a $139.00 price objective on the stock in a research report on Thursday, July 23rd. Finally, Truist Financial reduced their target price on shares of Duke Energy from $138.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and an average target price of $137.94.

Duke Energy Stock Down 0.7%

DUK opened at $120.44 on Thursday. Duke Energy Corporation has a twelve month low of $113.89 and a twelve month high of $134.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The business has a 50 day moving average price of $124.38 and a 200 day moving average price of $126.32. The firm has a market cap of $93.91 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 2.83 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The business had revenue of $7.59 billion during the quarter, compared to analysts' expectations of $7.66 billion. During the same period in the previous year, the company earned $1.25 earnings per share. Duke Energy's revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts forecast that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be given a $1.085 dividend. This is an increase from Duke Energy's previous quarterly dividend of $1.06. This represents a $4.34 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 14th. Duke Energy's dividend payout ratio (DPR) is 65.17%.

Duke Energy Company Profile

Duke Energy Corporation is an electric and natural gas utility holding company headquartered in Charlotte, North Carolina. The company generates, transmits, distributes and sells electricity, with a generation portfolio that includes natural gas, nuclear, coal, hydroelectric and renewable energy resources. It also operates natural gas distribution businesses and provides related energy services.

Duke Energy's regulated electric utilities serve residential, commercial and industrial customers across the Carolinas, Florida, Indiana, Ohio and Kentucky.

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