Teacher Retirement System of Texas Has $25.45 Million Holdings in Duke Energy Corporation (NYSE:DUK)

Teacher Retirement System of Texas boosted its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 58.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,625 shares of the utilities provider's stock after buying an additional 76,880 shares during the quarter. Teacher Retirement System of Texas' holdings in Duke Energy were worth $25,446,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bcwm LLC bought a new position in shares of Duke Energy in the 4th quarter valued at approximately $9,815,000. Sequoia Financial Advisors LLC grew its holdings in Duke Energy by 25.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider's stock valued at $3,852,000 after purchasing an additional 7,319 shares during the last quarter. First Business Financial Services Inc. bought a new position in shares of Duke Energy in the fourth quarter valued at approximately $384,000. Investment Management Corp of Ontario lifted its stake in shares of Duke Energy by 212.8% in the fourth quarter. Investment Management Corp of Ontario now owns 79,989 shares of the utilities provider's stock worth $8,618,000 after buying an additional 54,413 shares during the last quarter. Finally, Andrew Hill Investment Advisors Inc. boosted its holdings in shares of Duke Energy by 338.6% during the 1st quarter. Andrew Hill Investment Advisors Inc. now owns 37,763 shares of the utilities provider's stock worth $4,606,000 after buying an additional 29,153 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $117.59 on Friday. The firm has a market cap of $91.39 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.92 and a beta of 0.37. The firm's 50-day simple moving average is $117.26 and its 200-day simple moving average is $115.30. Duke Energy Corporation has a twelve month low of $99.55 and a twelve month high of $125.27. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.50 and a current ratio of 0.77.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The company's quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy's dividend payout ratio is currently 69.32%.

Analysts Set New Price Targets

A number of research analysts have weighed in on DUK shares. 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 report on Thursday, April 10th. Barclays cut their price objective on Duke Energy from $123.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday. Citigroup raised their target price on Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research report on Tuesday. Finally, Wells Fargo & Company increased their price objective on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. 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 currently has a consensus rating of "Moderate Buy" and an average target price of $126.88.

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.

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