Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $171.28 Million Holdings in Duke Energy Corporation $DUK

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,461,316 shares of the utilities provider’s stock after selling 5,848 shares during the period. Duke Energy accounts for 0.9% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 17th biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Duke Energy were worth $171,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Mill Creek Capital Advisors LLC lifted its holdings in shares of Duke Energy by 4.6% during the third quarter. Mill Creek Capital Advisors LLC now owns 1,854 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 82 shares during the period. CYBER HORNET ETFs LLC lifted its holdings in shares of Duke Energy by 4.1% during the third quarter. CYBER HORNET ETFs LLC now owns 2,113 shares of the utilities provider’s stock worth $261,000 after purchasing an additional 83 shares during the period. Legacy Wealth Managment LLC ID lifted its holdings in shares of Duke Energy by 35.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 324 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 84 shares during the period. MidWestOne Financial Group Inc. lifted its holdings in shares of Duke Energy by 1.1% during the third quarter. MidWestOne Financial Group Inc. now owns 7,858 shares of the utilities provider’s stock worth $972,000 after purchasing an additional 87 shares during the period. Finally, Perennial Investment Advisors LLC lifted its holdings in shares of Duke Energy by 4.1% during the third quarter. Perennial Investment Advisors LLC now owns 2,223 shares of the utilities provider’s stock worth $275,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction 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 completion of the sale, the chief executive officer directly owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction 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 directly owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE DUK opened at $122.62 on Friday. Duke Energy Corporation has a twelve month low of $113.39 and a twelve month high of $134.49. The firm has a fifty day simple moving average of $127.44 and a 200 day simple moving average of $124.04. The company has a market capitalization of $95.59 billion, a PE ratio of 18.78 and a beta of 0.41. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUKGet Free Report) last announced its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter last year, the firm earned $1.76 earnings per share. Duke Energy’s quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Announces Dividend

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

Wall Street Analyst Weigh In

DUK has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on shares of Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. UBS Group lowered their target price on shares of Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. Wells Fargo & Company lifted their target price on shares of Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group lowered their target price on shares of Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.07.

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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.

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

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