Lee Danner Bass Inc buys $5,011,844 stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Lee Danner Bass Inc scooped up 2,380 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 2, 2016. The investment management firm now holds a total of 58,859 shares of Duke Energy Corp which is valued at $5,011,844.Duke Energy Corp makes up approximately 0.61% of Lee Danner Bass Inc’s portfolio.

Other Hedge Funds, Including , Buckingham Asset Management boosted its stake in DUK in the latest quarter, The investment management firm added 288 additional shares and now holds a total of 3,975 shares of Duke Energy Corp which is valued at $338,471. Duke Energy Corp makes up approx 0.11% of Buckingham Asset Management’s portfolio.Mercer Capital Advisers boosted its stake in DUK in the latest quarter, The investment management firm added 1,360 additional shares and now holds a total of 1,705 shares of Duke Energy Corp which is valued at $147,483. Duke Energy Corp makes up approx 0.12% of Mercer Capital Advisers’s portfolio.Concorde Asset Management boosted its stake in DUK in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 2,538 shares of Duke Energy Corp which is valued at $219,537. Duke Energy Corp makes up approx 0.21% of Concorde Asset Management’s portfolio.Hexavest reduced its stake in DUK by selling 404,230 shares or 56.52% in the most recent quarter. The Hedge Fund company now holds 310,991 shares of DUK which is valued at $26,511,983. Duke Energy Corp makes up approx 0.39% of Hexavest’s portfolio. Trust Co added DUK to its portfolio by purchasing 130 company shares during the most recent quarter which is valued at $11,181.

Duke Energy Corp opened for trading at $84.33 and hit $85.12 on the upside on Monday, eventually ending the session at $84.74, with a gain of 0.61% or 0.51 points. The heightened volatility saw the trading volume jump to 39,77,505 shares. Company has a market cap of $58,380 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 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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