Financial Advisory Service Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Financial Advisory Service reduced its stake in Duke Energy Corp by 6.2% during the most recent quarter end. The investment management company now holds a total of 6,914 shares of Duke Energy Corp which is valued at $580,154 after selling 457 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Duke Energy Corp makes up approximately 0.21% of Financial Advisory Service’s portfolio.

Other Hedge Funds, Including , Investment Centers Of America Inc reduced its stake in DUK by selling 18,993 shares or 26.87% in the most recent quarter. The Hedge Fund company now holds 51,680 shares of DUK which is valued at $4,379,363. Duke Energy Corp makes up approx 0.29% of Investment Centers Of America Inc’s portfolio.Genovese Burford Brothers Wealth Retirement Plan Mana… boosted its stake in DUK in the latest quarter, The investment management firm added 327 additional shares and now holds a total of 17,122 shares of Duke Energy Corp which is valued at $1,436,707. Duke Energy Corp makes up approx 0.56% of Genovese Burford Brothers Wealth Retirement Plan Mana…’s portfolio.Cadence Bank Na reduced its stake in DUK by selling 609 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 13,310 shares of DUK which is valued at $1,121,101. Duke Energy Corp makes up approx 0.55% of Cadence Bank Na’s portfolio.Endurance Wealth Management reduced its stake in DUK by selling 83 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 4,304 shares of DUK which is valued at $362,526. Duke Energy Corp makes up approx 0.07% of Endurance Wealth Management’s portfolio.Atlas Browninc. reduced its stake in DUK by selling 508 shares or 5.07% in the most recent quarter. The Hedge Fund company now holds 9,518 shares of DUK which is valued at $814,646. Duke Energy Corp makes up approx 0.33% of Atlas Browninc.’s portfolio.

Duke Energy Corp opened for trading at $80.45 and hit $81.82 on the upside on Wednesday, eventually ending the session at $81.69, with a gain of 1.54% or 1.24 points. The heightened volatility saw the trading volume jump to 58,50,867 shares. Company has a market cap of $56,279 M.

On the company’s financial health, Duke Energy Corp reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.01.Analysts expectations of $ 5682.11.During the same quarter in the previous year, the company posted $0.95 EPS.

Many Wall Street Analysts have commented on Duke Energy Corp. Company shares were Reiterated by Scotia Howard Weil on Aug 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $78 .Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Shares were Reiterated by Mizuho on May 19, 2016 to “Neutral” and Lowered the Price Target to $ 75 from a previous price target of $80 .

Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities International Energy and Commercial Power. The Company’s Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas Duke Energy Progress Duke Energy Florida Duke Energy Indiana and Duke Energy Ohio. The Company’s International Energy segment principally operates and manages power generation facilities and engages in sales and marketing of electric power natural gas and natural gas liquids outside the United States. The Company’s Commercial Power builds develops and operates wind and solar renewable generation and energy transmission projects throughout the continental United States. Duke Energy operates in the United States and Latin America primarily through its direct and indirect subsidiaries.

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