Teacher Retirement System of Texas grew its holdings in shares of Duke Energy Corp (NYSE:DUK) by 217.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,478 shares of the utilities provider’s stock after purchasing an additional 131,890 shares during the quarter. Teacher Retirement System of Texas’ holdings in Duke Energy were worth $16,189,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in DUK. Vanguard Group Inc. boosted its position in Duke Energy by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock worth $4,183,115,000 after buying an additional 1,572,216 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Duke Energy by 575.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock valued at $81,984,000 after acquiring an additional 814,210 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Duke Energy by 259.9% in the 2nd quarter. Janus Henderson Group PLC now owns 830,534 shares of the utilities provider’s stock valued at $69,425,000 after acquiring an additional 599,761 shares in the last quarter. BlackRock Inc. increased its stake in shares of Duke Energy by 1.2% in the 2nd quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after acquiring an additional 506,596 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Duke Energy by 27.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,810,773 shares of the utilities provider’s stock valued at $151,363,000 after acquiring an additional 393,659 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.
Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Wolfe Research upgraded shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. SunTrust Banks restated a “hold” rating and set a $90.00 price target on shares of Duke Energy in a research note on Monday, November 6th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $87.18.
Shares of Duke Energy Corp (NYSE DUK) traded up $0.49 during trading on Friday, reaching $76.70. The company had a trading volume of 3,800,000 shares, compared to its average volume of 4,380,000. Duke Energy Corp has a fifty-two week low of $72.93 and a fifty-two week high of $91.80. The company has a market cap of $53,690.00, a PE ratio of 20.13, a P/E/G ratio of 3.98 and a beta of 0.12. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio is presently 93.44%.
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Duke Energy Company 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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