First Dallas Securities Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : First Dallas Securities reduced its stake in Duke Energy Corp by 4.97% during the most recent quarter end. The investment management company now holds a total of 20,444 shares of Duke Energy Corp which is valued at $1,734,265 after selling 1,070 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Duke Energy Corp makes up approximately 1.29% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Headinvest reduced its stake in DUK by selling 288 shares or 8.3% in the most recent quarter. The Hedge Fund company now holds 3,180 shares of DUK which is valued at $269,759. Duke Energy Corp makes up approx 0.10% of Headinvest’s portfolio.Catawba Capital Management Va boosted its stake in DUK in the latest quarter, The investment management firm added 6,591 additional shares and now holds a total of 77,620 shares of Duke Energy Corp which is valued at $6,591,490. Duke Energy Corp makes up approx 1.56% of Catawba Capital Management Va’s portfolio.Osborne Partners Capital Management reduced its stake in DUK by selling 13,012 shares or 45.92% in the most recent quarter. The Hedge Fund company now holds 15,327 shares of DUK which is valued at $1,301,569. Duke Energy Corp makes up approx 0.19% of Osborne Partners Capital Management’s portfolio.Hengehold Capital Management reduced its stake in DUK by selling 90 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 2,416 shares of DUK which is valued at $205,167. Duke Energy Corp makes up approx 0.06% of Hengehold Capital Management’s portfolio.American Investment Services reduced its stake in DUK by selling 1,501 shares or 8.96% in the most recent quarter. The Hedge Fund company now holds 15,251 shares of DUK which is valued at $1,297,098. Duke Energy Corp makes up approx 0.55% of American Investment Services’s portfolio.

Duke Energy Corp opened for trading at $85.45 and hit $85.99 on the upside on Friday, eventually ending the session at $85.59, with a gain of 0.46% or 0.39 points. The heightened volatility saw the trading volume jump to 31,97,346 shares. Company has a market cap of $58,963 M.

On the company’s financial health, Duke Energy Corp reported $1.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $1.14. The company had revenue of $5622.00 million for the quarter, compared to analysts expectations of $6023.93 million. The company’s revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.24 EPS.

Investors should note that on Jul 11, 2016, Duke Energy Corp announced a cash dividend of $0.8550. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 16, 2016.

Many Wall Street Analysts have commented on Duke Energy Corp. 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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