California State Teachers Retirement System Lowers Position in Duke Energy Corporation (DUK)

California State Teachers Retirement System trimmed its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 8.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,295,092 shares of the utilities provider’s stock after selling 122,604 shares during the quarter. California State Teachers Retirement System owned 0.19% of Duke Energy Corporation worth $108,256,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DUK. M&T Bank Corp increased its stake in Duke Energy Corporation by 2.9% during the 1st quarter. M&T Bank Corp now owns 109,253 shares of the utilities provider’s stock worth $8,960,000 after purchasing an additional 3,037 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in Duke Energy Corporation by 1.5% during the 1st quarter. YHB Investment Advisors Inc. now owns 5,430 shares of the utilities provider’s stock worth $448,000 after purchasing an additional 82 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in Duke Energy Corporation by 0.3% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 16,561 shares of the utilities provider’s stock worth $1,358,000 after purchasing an additional 45 shares in the last quarter. Ronald Blue & Co. LLC increased its stake in Duke Energy Corporation by 24.6% during the 1st quarter. Ronald Blue & Co. LLC now owns 8,090 shares of the utilities provider’s stock worth $663,000 after purchasing an additional 1,597 shares in the last quarter. Finally, USS Investment Management Ltd increased its stake in Duke Energy Corporation by 0.7% during the 1st quarter. USS Investment Management Ltd now owns 690,991 shares of the utilities provider’s stock worth $56,672,000 after purchasing an additional 4,800 shares in the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

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In other news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

A number of analysts recently issued reports on DUK shares. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. SunTrust Banks, Inc. reissued a “hold” rating and set a $87.00 target price on shares of Duke Energy Corporation in a research note on Wednesday, October 4th. J P Morgan Chase & Co increased their target price on Duke Energy Corporation from $83.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $86.90.

Shares of Duke Energy Corporation (DUK) opened at $88.52 on Friday. The company has a market capitalization of $61,961.88, a P/E ratio of 19.89, a PEG ratio of 4.84 and a beta of 0.26. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy Corporation has a twelve month low of $72.34 and a twelve month high of $91.80.

Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. analysts forecast that Duke Energy Corporation will post 4.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s payout ratio is presently 117.49%.

Duke Energy Corporation Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

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Institutional Ownership by Quarter for Duke Energy Corporation (NYSE:DUK)

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