Strs Ohio Sells 10,228 Shares of Duke Energy Co. (NYSE:DUK)

Strs Ohio lowered its stake in Duke Energy Co. (NYSE:DUK) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 227,914 shares of the utilities provider’s stock after selling 10,228 shares during the quarter. Strs Ohio’s holdings in Duke Energy were worth $22,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Shepherd Financial Partners LLC raised its position in shares of Duke Energy by 0.5% during the first quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock valued at $2,326,000 after buying an additional 94 shares during the last quarter. First Manhattan Co. raised its position in shares of Duke Energy by 0.9% during the fourth quarter. First Manhattan Co. now owns 11,917 shares of the utilities provider’s stock valued at $1,227,000 after buying an additional 107 shares during the last quarter. Belpointe Asset Management LLC raised its position in shares of Duke Energy by 0.6% during the first quarter. Belpointe Asset Management LLC now owns 19,405 shares of the utilities provider’s stock valued at $1,872,000 after buying an additional 112 shares during the last quarter. Exencial Wealth Advisors LLC increased its position in Duke Energy by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 10,031 shares of the utilities provider’s stock worth $1,033,000 after purchasing an additional 113 shares during the last quarter. Finally, Chemung Canal Trust Co. increased its position in Duke Energy by 0.8% in the fourth quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the sale, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the topic of several research reports. Mizuho boosted their price target on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company reduced their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. BMO Capital Markets reduced their price target on shares of Duke Energy from $101.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Barclays boosted their price target on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.25.

Duke Energy Stock Down 0.8 %

Shares of DUK opened at $94.13 on Tuesday. The firm has a market capitalization of $72.62 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.52 and a beta of 0.46. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $100.39. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The firm has a fifty day moving average price of $94.06 and a 200-day moving average price of $93.18.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 earnings per share. Equities research analysts expect that Duke Energy Co. will post 5.99 earnings per share for the current year.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.