Pictet Asset Management Ltd Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Pictet Asset Management Ltd reduced its stake in Duke Energy Corp by 2.08% during the most recent quarter end. The investment management company now holds a total of 3,967,837 shares of Duke Energy Corp which is valued at $320.5 Million after selling 84,470 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Duke Energy Corp makes up approximately 1.33% of Pictet Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. added DUK to its portfolio by purchasing 7,800 company shares during the most recent quarter which is valued at $630,006.Oarsman Capital boosted its stake in DUK in the latest quarter, The investment management firm added 341 additional shares and now holds a total of 5,138 shares of Duke Energy Corp which is valued at $414,996. Duke Energy Corp makes up approx 0.22% of Oarsman Capital’s portfolio.Estabrook Capital Management boosted its stake in DUK in the latest quarter, The investment management firm added 1,947 additional shares and now holds a total of 98,086 shares of Duke Energy Corp which is valued at $7.9 Million. Duke Energy Corp makes up approx 1.18% of Estabrook Capital Management’s portfolio.Proshare Advisors reduced its stake in DUK by selling 30,324 shares or 27.81% in the most recent quarter. The Hedge Fund company now holds 78,724 shares of DUK which is valued at $6.2 Million. Duke Energy Corp makes up approx 0.09% of Proshare Advisors’s portfolio. Quantitative Investment Management added DUK to its portfolio by purchasing 11,800 company shares during the most recent quarter which is valued at $936,684. Duke Energy Corp makes up approx 0.04% of Quantitative Investment Management’s portfolio.

Duke Energy Corp closed down -0.04 points or -0.05% at $76.95 with 36,13,373 shares getting traded on Wednesday. Post opening the session at $76.95, the shares hit an intraday low of $76.35 and an intraday high of $77.11 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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 .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 .

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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