Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 5,848 Shares of Duke Energy Corporation $DUK

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,461,316 shares of the utilities provider’s stock after selling 5,848 shares during the quarter. Duke Energy accounts for 0.9% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 17th largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of Duke Energy worth $171,281,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. WASHINGTON TRUST Co increased its holdings in shares of Duke Energy by 11.3% during the fourth quarter. WASHINGTON TRUST Co now owns 6,867 shares of the utilities provider’s stock worth $805,000 after purchasing an additional 698 shares during the period. Impact Partnership Wealth LLC bought a new position in shares of Duke Energy during the fourth quarter worth approximately $622,000. Madison Wealth Partners Inc bought a new position in shares of Duke Energy during the fourth quarter worth approximately $217,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Duke Energy during the fourth quarter worth approximately $19,920,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Duke Energy during the fourth quarter worth approximately $1,265,000. 65.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the sale, the chief executive officer owned 96,102 shares in the company, valued at $11,952,205.74. This trade represents a 17.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $125.15, for a total transaction of $438,025.00. Following the completion of the sale, the chief executive officer owned 21,415 shares in the company, valued at $2,680,087.25. This represents a 14.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.12% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK opened at $122.62 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $95.59 billion, a price-to-earnings ratio of 18.78 and a beta of 0.41. The firm’s 50 day simple moving average is $127.44 and its 200 day simple moving average is $124.04. Duke Energy Corporation has a 1 year low of $113.39 and a 1 year high of $134.49.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the business posted $1.76 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts expect that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be given a $1.065 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.

Analyst Ratings Changes

Several research analysts have recently commented on DUK shares. Capitol Sec Mgt cut shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. UBS Group reduced their price target on shares of Duke Energy from $137.00 to $135.00 in a research report on Monday, May 11th. JPMorgan Chase & Co. reduced their price target on shares of Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Barclays increased their price target on shares of Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.07.

Read Our Latest Analysis on DUK

Trending Headlines about Duke Energy

Here are the key news stories impacting Duke Energy this week:

About Duke Energy

(Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

Featured Stories

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUKFree Report).

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.