Washington Trust Bank buys $351,993 stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Washington Trust Bank scooped up 427 additional shares in Duke Energy Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 4,566 shares of Duke Energy Corp which is valued at $351,993.Duke Energy Corp makes up approximately 0.08% of Washington Trust Bank’s portfolio.

Other Hedge Funds, Including , Cullinan Associates Inc added DUK to its portfolio by purchasing 20,600 company shares during the most recent quarter which is valued at $1,588,054. Duke Energy Corp makes up approx 0.14% of Cullinan Associates Inc’s portfolio.Beacon Financial Group boosted its stake in DUK in the latest quarter, The investment management firm added 1,040 additional shares and now holds a total of 109,649 shares of Duke Energy Corp which is valued at $8,452,841. Duke Energy Corp makes up approx 1.78% of Beacon Financial Group’s portfolio.Lvm Capital Management Ltdmi boosted its stake in DUK in the latest quarter, The investment management firm added 2,207 additional shares and now holds a total of 9,494 shares of Duke Energy Corp which is valued at $731,892. Duke Energy Corp makes up approx 0.23% of Lvm Capital Management Ltdmi’s portfolio.

Duke Energy Corp closed down -1.63 points or -2.06% at $77.46 with 34,91,927 shares getting traded on Tuesday. Post opening the session at $79.1, the shares hit an intraday low of $77.11 and an intraday high of $79.49 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 .

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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