New York State Common Retirement Fund Sells 90,777 Shares of Duke Energy Co. (NYSE:DUK)

New York State Common Retirement Fund cut its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 923,962 shares of the utilities provider's stock after selling 90,777 shares during the period. New York State Common Retirement Fund owned about 0.12% of Duke Energy worth $89,661,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. CKW Financial Group bought a new stake in Duke Energy in the 3rd quarter valued at about $25,000. FSC Wealth Advisors LLC bought a new stake in Duke Energy in the 3rd quarter valued at about $29,000. Legacy Financial Group LLC bought a new stake in Duke Energy in the 3rd quarter valued at about $45,000. Fortis Group Advisors LLC bought a new stake in Duke Energy in the 3rd quarter valued at about $50,000. Finally, GHP Investment Advisors Inc. lifted its position in Duke Energy by 49.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 188 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Up 0.1 %

Shares of Duke Energy stock traded up $0.08 during trading on Tuesday, hitting $98.20. The stock had a trading volume of 2,148,786 shares, compared to its average volume of 3,006,441. The stock has a 50 day simple moving average of $94.31 and a 200 day simple moving average of $93.52. The company has a market capitalization of $75.76 billion, a PE ratio of 27.64, a P/E/G ratio of 2.61 and a beta of 0.46. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The company had revenue of $7.21 billion for the quarter, compared to analysts' expectations of $7.24 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The business's revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts expect that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the sale, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on DUK. KeyCorp boosted their price target on shares of Duke Energy from $106.00 to $107.00 and gave the stock an "overweight" rating in a research report on Thursday, January 4th. Scotiabank dropped their price target on shares of Duke Energy from $101.00 to $94.00 and set a "sector perform" rating on the stock in a research report on Monday. Bank of America boosted their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. BMO Capital Markets dropped their price target on shares of Duke Energy from $101.00 to $99.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 16th. Finally, Barclays lifted their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the stock an "overweight" rating in a research note on Monday, April 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $100.62.

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.