Renaissance Technologies buys $324.5 Million stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Renaissance Technologies scooped up 808,700 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 13, 2016. The investment management firm now holds a total of 4,016,967 shares of Duke Energy Corp which is valued at $324.5 Million.Duke Energy Corp makes up approximately 0.62% of Renaissance Technologies’s portfolio.

Other Hedge Funds, Including , Crawford Investment Counsel Inc reduced its stake in DUK by selling 3,367 shares or 44.23% in the most recent quarter. The Hedge Fund company now holds 4,246 shares of DUK which is valued at $342,949. Duke Energy Corp makes up approx 0.01% of Crawford Investment Counsel Inc’s portfolio.Comerica Bank boosted its stake in DUK in the latest quarter, The investment management firm added 4,039 additional shares and now holds a total of 221,185 shares of Duke Energy Corp which is valued at $17.9 Million. Duke Energy Corp makes up approx 0.16% of Comerica Bank’s portfolio.Hourglass Capital reduced its stake in DUK by selling 53 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 5,188 shares of DUK which is valued at $419,035. Duke Energy Corp makes up approx 0.11% of Hourglass Capital’s portfolio.Nikko Asset Management Americas boosted its stake in DUK in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 8,400 shares of Duke Energy Corp which is valued at $678,468. Duke Energy Corp makes up approx 0.08% of Nikko Asset Management Americas’s portfolio.Allegis Investment Advisors reduced its stake in DUK by selling 550 shares or 8.3% in the most recent quarter. The Hedge Fund company now holds 6,078 shares of DUK which is valued at $490,920. Duke Energy Corp makes up approx 0.28% of Allegis Investment Advisors’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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