Provise Management Group adds Duke Energy Corp (DUK) to its portfolio

Duke Energy Corp (DUK) : Provise Management Group added new position in Duke Energy Corp during the most recent quarter end. The investment management firm now holds 29,032 shares of Duke Energy Corp which is valued at $2,472,075 , the company said in a statement filed on Aug 2, 2016 with the SEC.Duke Energy Corp makes up approximately 0.45% of Provise Management Group’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp boosted its stake in DUK in the latest quarter, The investment management firm added 27,078 additional shares and now holds a total of 28,020 shares of Duke Energy Corp which is valued at $2,385,903. Duke Energy Corp makes up approx 0.25% of Quantbot Technologies Lp’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in DUK by selling 333 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 5,854 shares of DUK which is valued at $501,044. Duke Energy Corp makes up approx 0.06% of Whittier Trust Co Of Nevada Inc’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.First National Bank Of Omaha boosted its stake in DUK in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 41,835 shares of Duke Energy Corp which is valued at $3,552,628. Duke Energy Corp makes up approx 0.27% of First National Bank Of Omaha’s portfolio.Lodestar Investment Counselil boosted its stake in DUK in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 3,061 shares of Duke Energy Corp which is valued at $260,950. Duke Energy Corp makes up approx 0.04% of Lodestar Investment Counselil’s portfolio.

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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