Arbor Investment Advisors Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Arbor Investment Advisors reduced its stake in Duke Energy Corp by 1.05% during the most recent quarter end. The investment management company now holds a total of 8,019 shares of Duke Energy Corp which is valued at $617,543 after selling 85 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Duke Energy Corp makes up approximately 0.36% of Arbor Investment Advisors’s portfolio.

Duke Energy Corp opened for trading at $76.64 and hit $77.12 on the upside on Friday, eventually ending the session at $77.01, with a gain of 0.88% or 0.67 points. The heightened volatility saw the trading volume jump to 27,11,619 shares. Company has a market cap of $53,052 M.

Other Hedge Funds, Including , Joel Isaacson boosted its stake in DUK in the latest quarter, The investment management firm added 720 additional shares and now holds a total of 2,023 shares of Duke Energy Corp which is valued at $155,791. Duke Energy Corp makes up approx 0.03% of Joel Isaacson’s portfolio. Spirit Of America Management Corpny added DUK to its portfolio by purchasing 3,335 company shares during the most recent quarter which is valued at $266,800. Duke Energy Corp makes up approx 0.05% of Spirit Of America Management Corpny’s portfolio.Endurance Wealth Management reduced its stake in DUK by selling 1,000 shares or 18.56% in the most recent quarter. The Hedge Fund company now holds 4,387 shares of DUK which is valued at $350,960. Duke Energy Corp makes up approx 0.07% of Endurance Wealth Management’s portfolio.Hexavest reduced its stake in DUK by selling 25,738 shares or 3.47% in the most recent quarter. The Hedge Fund company now holds 715,221 shares of DUK which is valued at $57,217,680. Duke Energy Corp makes up approx 0.88% of Hexavest’s portfolio.

On the company’s financial health, Duke Energy Corp reported $0.87 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus of $0.92.Analysts expectations of $ 6111.93.During the same quarter in the previous year, the company posted $0.86 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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