Spinnaker Trust buys $380,791 stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Spinnaker Trust scooped up 1,700 additional shares in Duke Energy Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 4,472 shares of Duke Energy Corp which is valued at $380,791.Duke Energy Corp makes up approximately 0.05% of Spinnaker Trust’s portfolio.

Other Hedge Funds, Including , Bank Of Hawaii reduced its stake in DUK by selling 4,225 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 81,259 shares of DUK which is valued at $6,919,204. Duke Energy Corp makes up approx 0.73% of Bank Of Hawaii’s portfolio.Huntington National Bank boosted its stake in DUK in the latest quarter, The investment management firm added 9,339 additional shares and now holds a total of 113,464 shares of Duke Energy Corp which is valued at $9,625,151. Duke Energy Corp makes up approx 0.23% of Huntington National Bank’s portfolio.Hengehold Capital Management reduced its stake in DUK by selling 90 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 2,416 shares of DUK which is valued at $205,167. Duke Energy Corp makes up approx 0.06% of Hengehold Capital Management’s portfolio.Private Bank Trust Co boosted its stake in DUK in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 3,794 shares of Duke Energy Corp which is valued at $323,439. Duke Energy Corp makes up approx 0.05% of Private Bank Trust Co’s portfolio.Washington Trust Bank boosted its stake in DUK in the latest quarter, The investment management firm added 622 additional shares and now holds a total of 4,139 shares of Duke Energy Corp which is valued at $355,995. Duke Energy Corp makes up approx 0.09% of Washington Trust Bank’s portfolio.

Duke Energy Corp opened for trading at $85 and hit $85.5 on the upside on Thursday, eventually ending the session at $85.24, with a gain of 0.11% or 0.09 points. The heightened volatility saw the trading volume jump to 23,51,747 shares. Company has a market cap of $58,722 M.

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.

Investors should note that on Jul 11, 2016, Duke Energy Corp announced a cash dividend of $0.8550. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 16, 2016.

Many Wall Street Analysts have commented on Duke Energy Corp. 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 .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 .

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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