Finemark National Bank Trust buys $7,722,405 stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Finemark National Bank Trust scooped up 8,527 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 8, 2016. The investment management firm now holds a total of 92,032 shares of Duke Energy Corp which is valued at $7,722,405.Duke Energy Corp makes up approximately 0.83% of Finemark National Bank Trust’s portfolio.

Other Hedge Funds, Including , Rothschild Investment Corp Il reduced its stake in DUK by selling 62,057 shares or 57.29% in the most recent quarter. The Hedge Fund company now holds 46,266 shares of DUK which is valued at $4,002,009. Duke Energy Corp makes up approx 0.49% of Rothschild Investment Corp Il’s portfolio.Stralem Co Inc reduced its stake in DUK by selling 32,800 shares or 9.13% in the most recent quarter. The Hedge Fund company now holds 326,400 shares of DUK which is valued at $27,717,888. Duke Energy Corp makes up approx 3.13% of Stralem Co Inc’s portfolio.Verus Financial Partners boosted its stake in DUK in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 3,718 shares of Duke Energy Corp which is valued at $316,960. Duke Energy Corp makes up approx 0.14% of Verus Financial Partners’s portfolio.

Duke Energy Corp closed down -1.83 points or -2.19% at $81.66 with 40,25,611 shares getting traded on Monday. Post opening the session at $83.61, the shares hit an intraday low of $81.61 and an intraday high of $83.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Many Wall Street Analysts have commented on Duke Energy Corp. Company shares were Reiterated by Scotia Howard Weil on Aug 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $78 .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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