Holderness Investments Co Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Holderness Investments Co reduced its stake in Duke Energy Corp by 3.17% during the most recent quarter end. The investment management company now holds a total of 23,546 shares of Duke Energy Corp which is valued at $1,965,856 after selling 772 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Duke Energy Corp makes up approximately 1.91% of Holderness Investments Co’s portfolio.

Other Hedge Funds, Including , Bank Of The Ozarks reduced its stake in DUK by selling 359 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 20,318 shares of DUK which is valued at $1,696,350. Duke Energy Corp makes up approx 0.61% of Bank Of The Ozarks’s portfolio.Eaton Vance Management reduced its stake in DUK by selling 665 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 96,198 shares of DUK which is valued at $8,071,974. Duke Energy Corp makes up approx 0.02% of Eaton Vance Management’s portfolio.Advisors Asset Management boosted its stake in DUK in the latest quarter, The investment management firm added 635 additional shares and now holds a total of 88,558 shares of Duke Energy Corp which is valued at $7,430,902. Duke Energy Corp makes up approx 0.12% of Advisors Asset Management’s portfolio.Jolley Asset Management boosted its stake in DUK in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 1,186 shares of Duke Energy Corp which is valued at $102,589. Duke Energy Corp makes up approx 0.08% of Jolley Asset Management’s portfolio.Bollard Group boosted its stake in DUK in the latest quarter, The investment management firm added 1,150 additional shares and now holds a total of 123,058 shares of Duke Energy Corp which is valued at $10,644,517. Duke Energy Corp makes up approx 0.72% of Bollard Group’s portfolio.

Duke Energy Corp opened for trading at $80.11 and hit $80.61 on the upside on Monday, eventually ending the session at $80.44, with a gain of 0.65% or 0.52 points. The heightened volatility saw the trading volume jump to 19,23,422 shares. Company has a market cap of $55,418 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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