Teacher Retirement System of Texas Reduces Stake in Duke Energy

The Teacher Retirement System of Texas has significantly reduced its investment in Duke Energy Co. (NYSE:DUK) by 76.5% during the fourth quarter, as reported in their recent Form 13F filing with the Securities and Exchange Commission. Following this adjustment, the firm now holds 131,745 shares of Duke Energy, after selling 428,444 shares during the reported period. The total value of the Teacher Retirement System of Texas's stake in Duke Energy stands at approximately $14,194,000 based on their latest filing.

Other Institutional Adjustments

Other institutional investors have also made changes to their positions in Duke Energy recently. Wilmington Savings Fund Society FSB increased its holdings by 0.3%, acquiring 31,353 shares valued at $3,378,000 after picking up an additional 93 shares. Similarly, Pallas Capital Advisors LLC raised its stake by 2.8%, now owning 3,456 shares worth $372,000 following the purchase of 95 extra shares. Intergy Private Wealth LLC also adjusted its holdings upward by 4.8%, owning 2,113 shares valued at $228,000 after acquiring 96 additional shares. In another instance, V Square Quantitative Management LLC increased its stake by 1.3%, taking ownership of 7,233 shares valued at $779,000 after buying 96 shares more. Finally, Missouri Trust & Investment Co saw a notable increase of 10.3% in its holdings, now holding 1,071 shares valued at $115,000 after purchasing an additional 100 shares. Currently, institutional investors control 65.31% of Duke Energy's stock.

Analysts Update Price Targets

Recent commentary from several brokerages has led to adjustments in Duke Energy's price targets. JPMorgan Chase & Co. raised its target price from $114.00 to $121.00 while maintaining a "neutral" rating, as reported on March 11th. Scotiabank increased its target price from $113.00 to $120.00 and assigned a "sector perform" rating on December 12th. UBS Group also raised its target from $123.00 to $127.00 with a "neutral" rating. Guggenheim increased its target from $132.00 to $135.00 while assigning a "buy" rating, as reported on March 5th. Morgan Stanley similarly raised its target from $123.00 to $128.00, rating it as "equal weight." Overall, seven analysts have given hold ratings and eight have assigned buy ratings. MarketBeat data indicates Duke Energy currently holds an average rating of "Moderate Buy" with a consensus price target of $123.87.

Duke Energy Stock Performance Overview

Duke Energy opened at $119.01 recently, showing a 12-month low of $92.75 and a high of $121.47. The stock's 50-day moving average stands at $114.16, while the 200-day moving average is at $113.69. The company has a market capitalization of about $92.47 billion and a price-to-earnings (P/E) ratio of 20.84. Duke Energy's current ratio is 0.67, and its debt-to-equity ratio is 1.52.

Dividend Distributions by Duke Energy

Duke Energy has declared a quarterly dividend, which was paid on March 17th. Shareholders as of February 14th received a dividend of $1.045 per share, resulting in an annualized dividend of $4.18 and a yield of 3.51%. The company's payout ratio stands at 73.20%.

Understanding Duke Energy Corporation

Duke Energy Corporation operates as an energy company in the United States through its subsidiaries. It is primarily engaged in generating, transmitting, distributing, and selling electricity, focusing on the Carolinas, Florida, and the Midwest.

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