Hanson Doremus Investment Management Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Hanson Doremus Investment Management reduced its stake in Duke Energy Corp by 3.52% during the most recent quarter end. The investment management company now holds a total of 29,786 shares of Duke Energy Corp which is valued at $2,217,270 after selling 1,086 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Duke Energy Corp makes up approximately 1.03% of Hanson Doremus Investment Management’s portfolio.

Other Hedge Funds, Including , Jnba Financial Advisors boosted its stake in DUK in the latest quarter, The investment management firm added 5,558 additional shares and now holds a total of 5,645 shares of Duke Energy Corp which is valued at $420,214. Duke Energy Corp makes up approx 0.06% of Jnba Financial Advisors’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in DUK by selling 278 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 40,529 shares of DUK which is valued at $3,131,676. Duke Energy Corp makes up approx 0.03% of Tiaa Cref Trust Co Fsbmo’s portfolio.Eagle Ridge Investment Management reduced its stake in DUK by selling 186 shares or 5.52% in the most recent quarter. The Hedge Fund company now holds 3,186 shares of DUK which is valued at $250,324. Duke Energy Corp makes up approx 0.06% of Eagle Ridge Investment Management’s portfolio.Schmidt P J Investment Management Inc boosted its stake in DUK in the latest quarter, The investment management firm added 488 additional shares and now holds a total of 42,397 shares of Duke Energy Corp which is valued at $3,324,773. Duke Energy Corp makes up approx 1.26% of Schmidt P J Investment Management Inc’s portfolio.

Duke Energy Corp closed down -0.27 points or -0.37% at $73.6 with 44,50,492 shares getting traded on Monday. Post opening the session at $74.01, the shares hit an intraday low of $73.34 and an intraday high of $74.21 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Duke Energy Corp reported $1.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 4, 2016. Analyst had a consensus of $1.58. The company had revenue of $6821.00 million for the quarter, compared to analysts expectations of $6700.93 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS.

Many Wall Street Analysts have commented on Duke Energy Corp. Shares were Reiterated by Scotia Howard Weil on Nov 7, 2016 to “Sector Perform” and Lowered the Price Target to $ 83 from a previous price target of $88 .

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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