Sarasin Partners Llp Lowers stake in Duke Energy Corp (DUK)

Duke Energy Corp (DUK) : Sarasin Partners Llp reduced its stake in Duke Energy Corp by 2.28% during the most recent quarter end. The investment management company now holds a total of 1,003,088 shares of Duke Energy Corp which is valued at $77,448,424 after selling 23,405 shares in Duke Energy Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Duke Energy Corp makes up approximately 1.24% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Pennsylvania Trust Co boosted its stake in DUK in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 8,944 shares of Duke Energy Corp which is valued at $690,566. Duke Energy Corp makes up approx 0.06% of Pennsylvania Trust Co’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in DUK in the latest quarter, The investment management firm added 281 additional shares and now holds a total of 2,963 shares of Duke Energy Corp which is valued at $224,921. Duke Energy Corp makes up approx 0.04% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Nisa Investment Advisors reduced its stake in DUK by selling 35,900 shares or 37.81% in the most recent quarter. The Hedge Fund company now holds 59,051 shares of DUK which is valued at $4,482,561. Duke Energy Corp makes up approx 0.06% of Nisa Investment Advisors’s portfolio. Cullinan Associates Inc added DUK to its portfolio by purchasing 20,600 company shares during the most recent quarter which is valued at $1,588,054. Duke Energy Corp makes up approx 0.14% of Cullinan Associates Inc’s portfolio.

Duke Energy Corp closed down -0.73 points or -0.94% at $77.21 with 24,60,481 shares getting traded on Friday. Post opening the session at $77.68, the shares hit an intraday low of $77.18 and an intraday high of $77.98 and the price fluctuated in this range throughout the day.Shares ended Friday 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 .

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.

Leave a Reply

Duke Energy Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Duke Energy Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.