Guardian Investment Management Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Guardian Investment Management reduced its stake in Duke Energy Corp by 1.57% during the most recent quarter end. The investment management company now holds a total of 17,697 shares of Duke Energy Corp which is valued at $1,477,523 after selling 283 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Duke Energy Corp makes up approximately 1.69% of Guardian Investment Management’s portfolio.

Other Hedge Funds, Including , Fairfield Bush boosted its stake in DUK in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 6,033 shares of Duke Energy Corp which is valued at $503,695. Duke Energy Corp makes up approx 0.17% of Fairfield Bush’s portfolio.Willis Investment Counsel reduced its stake in DUK by selling 10,197 shares or 8.26% in the most recent quarter. The Hedge Fund company now holds 113,186 shares of DUK which is valued at $9,449,899. Duke Energy Corp makes up approx 0.78% of Willis Investment Counsel’s portfolio.Pettyjohn Wood White Inc reduced its stake in DUK by selling 41 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 14,889 shares of DUK which is valued at $1,243,083. Duke Energy Corp makes up approx 0.48% of Pettyjohn Wood White Inc’s portfolio. Bainco International Investors sold out all of its stake in DUK during the most recent quarter. The investment firm sold 4,150 shares of DUK which is valued $353,373.Mu Investments Ltd. reduced its stake in DUK by selling 1,100 shares or 42.31% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of DUK which is valued at $127,245. Duke Energy Corp makes up approx 0.08% of Mu Investments Ltd.’s portfolio.

Duke Energy Corp closed down -0.33 points or -0.41% at $79.33 with 24,28,567 shares getting traded on Thursday. Post opening the session at $79.66, the shares hit an intraday low of $79.13 and an intraday high of $79.8 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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