New York State Teachers Retirement System Sells 22,677 Shares of Duke Energy Corporation (NYSE:DUK)

New York State Teachers Retirement System lessened its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 624,587 shares of the utilities provider's stock after selling 22,677 shares during the period. New York State Teachers Retirement System owned about 0.08% of Duke Energy worth $76,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DUK. GAMMA Investing LLC grew its position in shares of Duke Energy by 14,268.8% in the 1st quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider's stock valued at $202,858,000 after acquiring an additional 1,651,608 shares during the period. ExodusPoint Capital Management LP bought a new position in shares of Duke Energy in the 4th quarter valued at about $163,819,000. Capital Wealth Planning LLC grew its position in shares of Duke Energy by 116.5% in the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock valued at $222,520,000 after acquiring an additional 1,111,581 shares during the period. Vanguard Group Inc. lifted its stake in shares of Duke Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock worth $7,852,731,000 after buying an additional 779,054 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Duke Energy by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider's stock worth $521,322,000 after buying an additional 625,008 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Stock Performance

NYSE DUK opened at $116.93 on Monday. The firm has a 50-day moving average price of $117.52 and a two-hundred day moving average price of $115.13. The company has a market capitalization of $90.89 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.92 and a beta of 0.37. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. Duke Energy Corporation has a 12-month low of $99.21 and a 12-month high of $126.37.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter in the prior year, the firm posted $1.44 EPS. The firm's quarterly revenue was up 7.5% on a year-over-year basis. Analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Friday, May 16th. Duke Energy's dividend payout ratio (DPR) is presently 69.32%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DUK shares. Morgan Stanley cut their target price on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. UBS Group restated a "neutral" rating and set a $127.00 target price (up previously from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. JPMorgan Chase & Co. raised their target price 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. Raymond James Financial started coverage on shares of Duke Energy in a research note on Friday, June 13th. They set a "market perform" rating for the company. Finally, BMO Capital Markets cut their target price 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and an average target price of $126.94.

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.

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