New York State Teachers Retirement System Increased Duke Energy Progress INC (NYSE:DUK) by $5.31 Million as Shares Rose


New York State Teachers Retirement System increased its stake in Duke Energy Progress Inc (NYSE:DUK) by 5.1% based on its latest 2016Q2 regulatory filing with the SEC. New York State Teachers Retirement System bought 66,343 shares as the company’s stock rose 13.33% with the market. The institutional investor held 1.37M shares of the power generation company at the end of 2016Q2, valued at $110.36M, up from 1.30 million at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Duke Energy Progress Inc for a number of months, seems to be bullish on the $55.21B market cap company. The stock decreased 0.62% or $0.49 on September 13, hitting $78.79. About 3.09 million shares traded hands or 4.04% up from the average. Duke Energy Corp (NYSE:DUK) has risen 0.14% since February 8, 2016 and is uptrending. It has underperformed by 16.35% the S&P500.

New York State Teachers Retirement System, which manages about $37.86 billion US Long portfolio, decreased its stake in American International Group (NYSE:AIG) by 151,887 shares to 2.26M shares, valued at $122.19M in 2016Q2, according to the filing. It also reduced its holding in Emerson Electric Co (NYSE:EMR) by 71,319 shares in the quarter, leaving it with 1.17 million shares, and cut its stake in Northrop Grumman Corp (NYSE:NOC).

The institutional sentiment decreased to 1.26 in Q2 2016. Its down 0.11, from 1.37 in 2016Q1. The ratio dropped, as 54 funds sold all DUK shares owned while 329 reduced positions. 83 funds bought stakes while 401 increased positions. They now own 379.19 million shares or 4.66% less from 397.71 million shares in 2016Q1.

Canal Insurance Co holds 3.22% of its portfolio in DUK for 114,166 shares. Aull & Monroe Investment Management Corp owns 63,454 shares or 3.13% of their US portfolio. Moreover, Sabal Trust Co has 2.83% invested in the company for 286,099 shares. The Georgia-based Tnb Financial has invested 2.78% in the stock. Breton Hill Capital Ltd., a Ontario – Canada-based fund reported 92,129 shares.

Out of 14 analysts covering Duke Energy Corporation (NYSE:DUK), 1 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 7% are positive. Duke Energy Corporation has been the topic of 29 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Suntrust Robinson maintained the stock on August 29 with “Neutral” rating.

Duke Energy Corporation is an energy company. The company has a market cap of $55.21 billion. The Company’s divisions include Regulated Utilities, International Energy and Commercial Portfolio. It has a 20.68 P/E ratio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio), and Duke Energy Indiana, Inc. (Duke Energy Indiana).

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