Public Employees Retirement System of Ohio Has $36.60 Million Holdings in Duke Energy Co. (NYSE:DUK)

Public Employees Retirement System of Ohio lessened its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 339,696 shares of the utilities provider's stock after selling 8,923 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Duke Energy were worth $36,599,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Parkworth Wealth Management Inc. bought a new position in shares of Duke Energy in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new position in shares of Duke Energy in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its position in shares of Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares during the period. Sierra Ocean LLC bought a new position in shares of Duke Energy in the fourth quarter valued at approximately $31,000. Finally, CGC Financial Services LLC raised its position in shares of Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 242 shares during the period. Institutional investors own 65.31% of the company's stock.

Duke Energy Price Performance

NYSE DUK traded down $0.13 on Tuesday, hitting $116.36. 3,741,730 shares of the company were exchanged, compared to its average volume of 3,440,225. Duke Energy Co. has a 1-year low of $99.21 and a 1-year high of $125.27. The firm has a 50 day moving average of $118.95 and a two-hundred day moving average of $114.70. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The company has a market cap of $90.44 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.79 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.17. The firm had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 EPS. On average, equities analysts predict 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. Shareholders of record on Friday, May 16th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.59%. Duke Energy's payout ratio is presently 69.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DUK shares. UBS Group boosted their target price on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. BMO Capital Markets dropped their target price on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Jefferies Financial Group boosted their target price on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Guggenheim boosted their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Barclays boosted their price target on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $125.81.

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.