Strs Ohio Has $21.74 Million Holdings in Duke Energy Corporation $DUK

Strs Ohio decreased its position in shares of Duke Energy Corporation (NYSE:DUK) by 21.4% in the 1st quarter, HoldingsChannel reports. The fund owned 166,020 shares of the utilities provider’s stock after selling 45,274 shares during the period. Strs Ohio’s holdings in Duke Energy were worth $21,739,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Duke Energy by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock worth $9,172,709,000 after buying an additional 1,957,592 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Duke Energy by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider’s stock valued at $2,266,675,000 after buying an additional 230,375 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Duke Energy by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,931,127 shares of the utilities provider’s stock worth $1,046,818,000 after acquiring an additional 58,375 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Duke Energy by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after acquiring an additional 954,907 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Duke Energy by 0.4% in the 3rd quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock worth $960,139,000 after acquiring an additional 31,703 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Down 0.1%

NYSE:DUK opened at $129.44 on Friday. Duke Energy Corporation has a 52 week low of $113.89 and a 52 week high of $134.49. The firm has a 50-day moving average price of $125.06 and a two-hundred day moving average price of $124.78. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. The firm has a market cap of $100.91 billion, a price-to-earnings ratio of 19.82 and a beta of 0.38.

Duke Energy (NYSE:DUK) 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. The firm had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 EPS. On average, equities analysts expect that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th were given a $1.065 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.26 annualized dividend and a yield of 3.3%. Duke Energy’s payout ratio is currently 65.24%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets cut their price target on Duke Energy from $139.00 to $138.00 in a research note on Wednesday, May 6th. Morgan Stanley raised their target price on Duke Energy from $132.00 to $136.00 in a report on Wednesday, June 24th. Evercore upped their price target on Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. BTIG Research reissued a “buy” rating and issued a $139.00 price target on shares of Duke Energy in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group dropped their price objective on Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.33.

Insiders Place Their Bets

In related news, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the sale, the chief executive officer owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This trade represents a 14.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by corporate insiders.

Duke Energy Company Profile

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.