Formulafolio Investments buys $4,068,789 stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Formulafolio Investments scooped up 1,560 additional shares in Duke Energy Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 50,375 shares of Duke Energy Corp which is valued at $4,068,789.Duke Energy Corp makes up approximately 0.70% of Formulafolio Investments’s portfolio.

Other Hedge Funds, Including , Investors Capital Advisory Services boosted its stake in DUK in the latest quarter, The investment management firm added 2,391 additional shares and now holds a total of 13,224 shares of Duke Energy Corp which is valued at $1,068,102. Duke Energy Corp makes up approx 0.22% of Investors Capital Advisory Services’s portfolio.United Asset Strategies boosted its stake in DUK in the latest quarter, The investment management firm added 851 additional shares and now holds a total of 15,179 shares of Duke Energy Corp which is valued at $1,204,909. Duke Energy Corp makes up approx 0.52% of United Asset Strategies’s portfolio.Hudock Capital Group boosted its stake in DUK in the latest quarter, The investment management firm added 545 additional shares and now holds a total of 8,938 shares of Duke Energy Corp which is valued at $709,498. Duke Energy Corp makes up approx 0.39% of Hudock Capital Group’s portfolio. Agran Libbie added DUK to its portfolio by purchasing 2,632 company shares during the most recent quarter which is valued at $208,928. Duke Energy Corp makes up approx 0.05% of Agran Libbie’s portfolio.Great West Life Assurance Co Can boosted its stake in DUK in the latest quarter, The investment management firm added 30,573 additional shares and now holds a total of 672,408 shares of Duke Energy Corp which is valued at $52,972,302. Duke Energy Corp makes up approx 0.19% of Great West Life Assurance Co Can’s portfolio.

Duke Energy Corp closed down -0.31 points or -0.38% at $80.77 with 26,12,541 shares getting traded on Friday. Post opening the session at $81.08, the shares hit an intraday low of $80.27 and an intraday high of $81.15 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Duke Energy Corp reported $1.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $1.14. The company had revenue of $5622.00 million for the quarter, compared to analysts expectations of $6023.93 million. The company’s revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.24 EPS.

Many Wall Street Analysts have commented on Duke Energy Corp. Company shares were Reiterated by Mizuho on Mar 18, 2016 to “Neutral”, Firm has raised the Price Target to $ 80 from a previous price target of $72 .Company shares were Reiterated by Argus on Feb 22, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $81 .Shares were Reiterated by Mizuho on Feb 22, 2016 to “Neutral” and Lowered the Price Target to $ 72 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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