Strategic Advisors Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Strategic Advisors reduced its stake in Duke Energy Corp by 4.72% during the most recent quarter end. The investment management company now holds a total of 30,765 shares of Duke Energy Corp which is valued at $2,612,564 after selling 1,525 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Duke Energy Corp makes up approximately 1.47% of Strategic Advisors’s portfolio.

Other Hedge Funds, Including , Mechanics Bank Trust Department boosted its stake in DUK in the latest quarter, The investment management firm added 122 additional shares and now holds a total of 33,265 shares of Duke Energy Corp which is valued at $2,824,864. Duke Energy Corp makes up approx 1.01% of Mechanics Bank Trust Department’s portfolio.Sumitomo Life Insurance Co reduced its stake in DUK by selling 1,108 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 31,473 shares of DUK which is valued at $2,683,073. Duke Energy Corp makes up approx 0.36% of Sumitomo Life Insurance Co’s portfolio.

Duke Energy Corp closed down -0.46 points or -0.54% at $84.92 with 21,24,911 shares getting traded on Wednesday. Post opening the session at $85.38, the shares hit an intraday low of $84.58 and an intraday high of $85.43 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.

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. 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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