November 24, 2016 - By Dolores Ford · 0 Comments
Duke Energy Corp (NYSE:DUK) institutional sentiment decreased to 1.19 in 2016 Q2. Its down -0.07, from 1.26 in 2016Q1. The ratio is negative, as 484 active investment managers started new or increased equity positions, while 383 reduced and sold holdings in Duke Energy Corp. The active investment managers in our partner’s database now possess: 379.19 million shares, down from 397.71 million shares in 2016Q1. Also, the number of active investment managers holding Duke Energy Corp in their top 10 equity positions decreased from 19 to 17 for a decrease of 2. Sold All: 54 Reduced: 329 Increased: 401 New Position: 83.
Duke Energy Corporation is an energy company. The company has a market cap of $50.06 billion. The Company’s divisions include Regulated Utilities, International Energy and Commercial Portfolio. It has a 18.51 P/E ratio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio), and Duke Energy Indiana, Inc. (Duke Energy Indiana).
The stock decreased 0.46% or $0.34 on November 23, hitting $73.54. About 2.95 million shares traded hands. Duke Energy Corp (NYSE:DUK) has declined 4.51% since April 22, 2016 and is downtrending. It has underperformed by 9.92% the S&P500.
Analysts await Duke Energy Corp (NYSE:DUK) to report earnings on February, 16. They expect $0.84 earnings per share, down 3.45% or $0.03 from last year’s $0.87 per share. DUK’s profit will be $571.80M for 21.89 P/E if the $0.84 EPS becomes a reality. After $1.68 actual earnings per share reported by Duke Energy Corp for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.
According to Zacks Investment Research, “Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U.S. and abroad. Duke Energy provides these and other services through seven business segments: Electric Operations; Natural Gas Transmission; Field Services; Trading and Marketing; Global Asset Development; Other Energy Services; Real Estate Operations.”
Bruce & Co. Inc. holds 7.63% of its portfolio in Duke Energy Corp for 347,788 shares. Cincinnati Casualty Co owns 66,300 shares or 5.81% of their US portfolio. Moreover, Electron Capital Partners Llc has 4.37% invested in the company for 206,210 shares. The Australia-based Commonwealth Bank Of Australia has invested 3.67% in the stock. Stralem & Co Inc, a New York-based fund reported 326,400 shares.#img1#
Ratings analysis reveals 7% of Duke Energy’s analysts are positive. Out of 14 Wall Street analysts rating Duke Energy, 1 give it “Buy”, 2 “Sell” rating, while 11 recommend “Hold”. The lowest target is $71 while the high is $85.0. The stock’s average target of $78.71 is 7.03% above today’s ($73.54) share price. DUK was included in 38 notes of analysts from August 7, 2015. The stock has “Buy” rating given by Argus Research on Friday, January 8. The stock of Duke Energy Corp (NYSE:DUK) earned “Neutral” rating by Suntrust Robinson on Monday, October 19. JP Morgan downgraded it to “Neutral” rating and $81 target price in Friday, February 19 report. SunTrust maintained Duke Energy Corp (NYSE:DUK) rating on Monday, October 19. SunTrust has “Neutral” rating and $76 price target. The rating was maintained by Suntrust Robinson on Monday, August 29 with “Neutral”. The company was maintained on Monday, March 7 by SunTrust. The rating was downgraded by Wells Fargo to “Market Perform” on Tuesday, February 2. On Friday, November 6 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock of Duke Energy Corp (NYSE:DUK) has “Underperform” rating given on Tuesday, November 22 by Bank of America. The stock has “Hold” rating given by Deutsche Bank on Friday, August 7.
Duke Energy Corporation (Duke Energy), incorporated on May 3, 2005, is an energy company. The Firm conducts its activities in three business divisions: Regulated Utilities, International Energy and Commercial Portfolio. The Firm operates in the United States and Latin America primarily through its direct and indirect subsidiaries. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio), and Duke Energy Indiana, Inc. (Duke Energy Indiana).
More notable recent Duke Energy Corp (NYSE:DUK) news were published by: Bloomberg.com which released: “Duke Energy Agrees to $27 Million Accord on CEO-Ouster Claim” on November 11, 2016, also Insurancejournal.com with their article: “Insurers to Fund $27 Million Duke Energy Accord Over Ouster of CEO” published on November 14, 2016, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Duke Energy, Ford, GM, Huntington …” on November 22, 2016. More interesting news about Duke Energy Corp (NYSE:DUK) were released by: Forbes.com and their article: “Duke Energy Stock Sees Short Interest Move 48.3% Lower” published on October 26, 2016 as well as Nasdaq.com‘s news article titled: “Duke Energy Announces Settlement Related To 2014 Ohio Oil Spill” with publication date: November 22, 2016.
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By Dolores Ford