Pegasus Partners Ltd. buys $2,287,638 stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Pegasus Partners Ltd. scooped up 5,050 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 9, 2016. The investment management firm now holds a total of 27,263 shares of Duke Energy Corp which is valued at $2,287,638.Duke Energy Corp makes up approximately 1.14% of Pegasus Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Financial Advisory Service reduced its stake in DUK by selling 457 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 6,914 shares of DUK which is valued at $580,154. Duke Energy Corp makes up approx 0.21% of Financial Advisory Service’s portfolio. James Investment Research Inc added DUK to its portfolio by purchasing 63 company shares during the most recent quarter which is valued at $5,371.Eastern Bank reduced its stake in DUK by selling 665 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 129,127 shares of DUK which is valued at $11,008,077. Duke Energy Corp makes up approx 0.86% of Eastern Bank’s portfolio. Gillespie Robinson Grimm Inc sold out all of its stake in DUK during the most recent quarter. The investment firm sold 2,676 shares of DUK which is valued $227,594.

Duke Energy Corp opened for trading at $80.45 and hit $81.82 on the upside on Wednesday, eventually ending the session at $81.69, with a gain of 1.54% or 1.24 points. The heightened volatility saw the trading volume jump to 58,50,867 shares. Company has a market cap of $56,279 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.

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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