Electron Capital Partners Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Electron Capital Partners reduced its stake in Duke Energy Corp by 61.41% during the most recent quarter end. The investment management company now holds a total of 222,803 shares of Duke Energy Corp which is valued at $18,601,822 after selling 354,599 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Duke Energy Corp makes up approximately 7.40% of Electron Capital Partners’s portfolio.

Other Hedge Funds, Including , New England Asset Management Inc reduced its stake in DUK by selling 7,470 shares or 20.52% in the most recent quarter. The Hedge Fund company now holds 28,930 shares of DUK which is valued at $2,415,366. Duke Energy Corp makes up approx 0.07% of New England Asset Management Inc’s portfolio.Ntv Asset Management reduced its stake in DUK by selling 71 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 15,547 shares of DUK which is valued at $1,304,549. Duke Energy Corp makes up approx 0.48% of Ntv Asset Management’s portfolio.Allegis Investment Advisors reduced its stake in DUK by selling 98 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 5,980 shares of DUK which is valued at $501,782. Duke Energy Corp makes up approx 0.24% of Allegis Investment Advisors’s portfolio.Keating Investment Counselors Inc reduced its stake in DUK by selling 866 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 23,595 shares of DUK which is valued at $2,009,114. Duke Energy Corp makes up approx 0.99% of Keating Investment Counselors Inc’s portfolio.Anchor Capital Advisors reduced its stake in DUK by selling 1 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 9,088 shares of DUK which is valued at $773,843. Duke Energy Corp makes up approx 0.02% of Anchor Capital Advisors’s portfolio.

Duke Energy Corp closed down -0.33 points or -0.41% at $79.33 with 24,28,567 shares getting traded on Thursday. Post opening the session at $79.66, the shares hit an intraday low of $79.13 and an intraday high of $79.8 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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