Mercer Capital Advisers Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Mercer Capital Advisers reduced its stake in Duke Energy Corp by 16.06% during the most recent quarter end. The investment management company now holds a total of 345 shares of Duke Energy Corp which is valued at $26,568 after selling 66 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Duke Energy Corp makes up approximately 0.02% of Mercer Capital Advisers’s portfolio.

Duke Energy Corp opened for trading at $77.24 and hit $78.58 on the upside on Wednesday, eventually ending the session at $78.06, with a gain of 1.44% or 1.11 points. The heightened volatility saw the trading volume jump to 29,27,600 shares. Company has a market cap of $53,775 M.

Other Hedge Funds, Including , Lodestar Investment Counselil added DUK to its portfolio by purchasing 3,008 company shares during the most recent quarter which is valued at $231,646. Duke Energy Corp makes up approx 0.03% of Lodestar Investment Counselil’s portfolio.First Citizens Bank Trust Co reduced its stake in DUK by selling 238 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 11,555 shares of DUK which is valued at $889,851. Duke Energy Corp makes up approx 0.07% of First Citizens Bank Trust Co’s portfolio.Tufton Capital Management reduced its stake in DUK by selling 88 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 59,581 shares of DUK which is valued at $4,766,480. Duke Energy Corp makes up approx 1.18% of Tufton Capital Management’s portfolio. E&g Advisors Lp added DUK to its portfolio by purchasing 14,100 company shares during the most recent quarter which is valued at $1,128,000. Duke Energy Corp makes up approx 0.73% of E&g Advisors Lp’s portfolio.Chelsea Counsel Co reduced its stake in DUK by selling 185 shares or 2.87% in the most recent quarter. The Hedge Fund company now holds 6,251 shares of DUK which is valued at $496,579. Duke Energy Corp makes up approx 0.14% of Chelsea Counsel Co’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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