This afternoon we watched Duke Energy drop -1.9% to a price of $88.18 per share. The large-cap Utilities—Independent Power Producers company is now trading -10.82% below its average target price of $98.88. Analysts have set target prices ranging from $88.0 to $120.0 per share for Duke Energy, and have given the stock an average rating of buy.
Duke Energy's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 2.47. The company's insiders own 0.12% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 65.1%. In conclusion, we believe there is mixed market sentiment regarding Duke Energy.
Institutions Invested in Duke Energy
|2023-06-30||Vanguard Group Inc||9%||70,244,002||$6,194,116,117|
|2023-06-30||State Street Corporation||6%||42,502,619||$3,747,880,956|
|2023-06-30||Wellington Management Group, LLP||3%||22,007,873||$1,940,654,247|
|2023-06-30||Massachusetts Financial Services Co.||2%||19,269,134||$1,699,152,242|
|2023-06-30||Geode Capital Management, LLC||2%||14,863,706||$1,310,681,599|
|2023-06-30||Royal Bank of Canada||1%||9,635,102||$849,623,297|
|2023-06-30||Capital Research Global Investors||1%||8,188,381||$722,051,439|
|2023-06-30||Franklin Resources, Inc.||1%||7,928,738||$699,156,119|