Strs Ohio Sells 7,101 Shares of Duke Energy Corporation $DUK

Strs Ohio decreased its stake in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 3.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 211,294 shares of the utilities provider’s stock after selling 7,101 shares during the period. Strs Ohio’s holdings in Duke Energy were worth $24,766,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DUK. Dorato Capital Management bought a new position in Duke Energy during the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Duke Energy during the third quarter valued at $27,000. Lodestone Wealth Management LLC bought a new position in Duke Energy during the fourth quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in Duke Energy by 300.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 280 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in Duke Energy by 13,750.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 277 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy News Summary

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

Insider Activity at Duke Energy

In other news, SVP Regis T. Repko sold 962 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total value of $123,001.32. Following the completion of the sale, the senior vice president owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This represents a 19.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Louis E. Renjel sold 6,800 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the completion of the sale, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at $2,809,633.69. The trade was a 23.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank Of Canada lowered their price objective on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Truist Financial assumed coverage on shares of Duke Energy in a research report on Monday, April 20th. They set a “buy” rating and a $142.00 price objective for the company. Jefferies Financial Group increased their price objective on shares of Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. Finally, Barclays increased their price objective on shares of Duke Energy from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $140.25.

Get Our Latest Stock Report on Duke Energy

Duke Energy Trading Down 0.6%

DUK stock opened at $128.78 on Friday. The company has a market capitalization of $100.20 billion, a PE ratio of 20.38 and a beta of 0.41. Duke Energy Corporation has a 12 month low of $111.22 and a 12 month high of $134.49. The firm’s 50-day moving average is $129.82 and its 200 day moving average is $124.28. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.33.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.49 by $0.01. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. During the same quarter last year, the firm posted $1.66 EPS. On average, research analysts anticipate that Duke Energy Corporation will post 6.7 EPS for the current year.

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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