Why Are Shares of Duke Energy (DUK) Down Today?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.