Teachers Retirement System of The State of Kentucky decreased its stake in Duke Energy Co. (NYSE:DUK) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,196 shares of the utilities provider’s stock after selling 4,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Duke Energy were worth $5,603,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in shares of Duke Energy during the first quarter worth about $79,000. United Bank grew its position in shares of Duke Energy by 3.5% during the third quarter. United Bank now owns 16,154 shares of the utilities provider’s stock worth $1,431,000 after purchasing an additional 548 shares in the last quarter. Wealth Alliance grew its position in shares of Duke Energy by 4.5% during the third quarter. Wealth Alliance now owns 8,217 shares of the utilities provider’s stock worth $728,000 after purchasing an additional 357 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Duke Energy during the third quarter worth about $578,000. Finally, Earnest Partners LLC grew its holdings in Duke Energy by 7.4% during the 3rd quarter. Earnest Partners LLC now owns 53,613 shares of the utilities provider’s stock valued at $4,748,000 after buying an additional 3,678 shares in the last quarter. Institutional investors and hedge funds own 63.48% of the company’s stock.
Shares of NYSE DUK opened at $97.82 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 1.24. The business has a fifty day simple moving average of $91.47 and a two-hundred day simple moving average of $91.49. The firm has a market cap of $75.24 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 4.88 and a beta of 0.23. Duke Energy Co. has a twelve month low of $77.58 and a twelve month high of $98.88.
Several equities research analysts have recently issued reports on the company. Mizuho raised their price objective on Duke Energy from $93.00 to $96.00 in a research note on Monday, February 1st. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 price objective for the company. in a research note on Friday, February 12th. Morgan Stanley raised their price objective on Duke Energy from $99.00 to $101.00 and gave the company an “equal weight” rating in a research note on Thursday, March 25th. Credit Suisse Group raised their price objective on Duke Energy from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, January 29th. Finally, The Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 price objective for the company. in a research note on Thursday, January 14th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $98.20.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,802 shares of Duke Energy stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $89.35, for a total transaction of $161,008.70. Following the completion of the sale, the senior vice president now directly owns 5,794 shares of the company’s stock, valued at approximately $517,693.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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