New York State Common Retirement Fund Has $94.59 Million Stock Holdings in Duke Energy Corporation $DUK

New York State Common Retirement Fund lessened its holdings in Duke Energy Corporation (NYSE:DUK) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 801,576 shares of the utilities provider’s stock after selling 8,260 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of Duke Energy worth $94,586,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management raised its position in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in Duke Energy in the second quarter valued at approximately $28,000. Mascoma Wealth Management LLC increased its position in Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares during the period. Financial Network Wealth Advisors LLC raised its holdings in Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares during the last quarter. Finally, Access Investment Management LLC acquired a new position in shares of Duke Energy in the 2nd quarter worth approximately $31,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

Shares of NYSE DUK opened at $123.77 on Friday. The stock has a market cap of $96.25 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 3.05 and a beta of 0.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03. The firm’s 50-day simple moving average is $124.57 and its 200 day simple moving average is $121.13.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 EPS. As a group, research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be paid a $1.065 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is presently 66.98%.

Insider Buying and Selling at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the completion of the transaction, the executive vice president directly owned 11,367 shares of the company’s stock, valued at approximately $1,407,234.60. This trade represents a 41.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DUK shares. Cowen assumed coverage on shares of Duke Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. BTIG Research raised shares of Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Evercore ISI initiated coverage on Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target for the company. Wells Fargo & Company raised Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.44.

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.