New York State Common Retirement Fund Sells 27,327 Shares of Duke Energy Corporation (NYSE:DUK)

New York State Common Retirement Fund decreased its stake in Duke Energy Corporation (NYSE:DUK) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 809,836 shares of the utilities provider’s stock after selling 27,327 shares during the period. New York State Common Retirement Fund owned about 0.10% of Duke Energy worth $98,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Platform Technology Partners lifted its stake in Duke Energy by 2.8% in the 1st quarter. Platform Technology Partners now owns 17,283 shares of the utilities provider’s stock valued at $2,108,000 after purchasing an additional 467 shares during the last quarter. Arizona State Retirement System increased its position in Duke Energy by 1.8% in the 1st quarter. Arizona State Retirement System now owns 226,702 shares of the utilities provider’s stock valued at $27,651,000 after acquiring an additional 4,063 shares during the period. Kathmere Capital Management LLC acquired a new position in Duke Energy in the 1st quarter valued at approximately $294,000. Ballentine Partners LLC increased its position in Duke Energy by 7.2% in the 1st quarter. Ballentine Partners LLC now owns 9,853 shares of the utilities provider’s stock valued at $1,202,000 after acquiring an additional 658 shares during the period. Finally, Focused Wealth Management Inc acquired a new position in Duke Energy in the 1st quarter valued at approximately $338,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. Barclays decreased their price target on shares of Duke Energy from $123.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, July 1st. Raymond James Financial assumed coverage on shares of Duke Energy in a research report on Friday, June 13th. They issued a “market perform” rating for the company. UBS Group upped their price target on shares of Duke Energy from $124.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research report on Tuesday, July 1st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.88.

Duke Energy Trading Down 0.7%

NYSE:DUK opened at $117.40 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $91.25 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.93 and a beta of 0.37. The firm has a fifty day simple moving average of $116.79 and a two-hundred day simple moving average of $115.79. Duke Energy Corporation has a 12 month low of $104.02 and a 12 month high of $125.27.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.17. The business had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $7.70 billion. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $1.44 earnings per share. Analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Friday, May 16th. Duke Energy’s payout ratio is 69.32%.

Duke Energy Company Profile

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.