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
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 70,244,002 | $6,194,116,117 |
| 2023-06-30 | Blackrock Inc. | 7% | 57,164,077 | $5,040,728,327 |
| 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 | Morgan Stanley | 1% | 9,976,005 | $879,684,123 |
| 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 |
