The stock of Duke Energy Corp (NYSE:DUK) is a huge mover today! About 783,760 shares traded hands. Duke Energy Corp (NYSE:DUK) has declined 2.06% since March 9, 2016 and is downtrending. It has underperformed by 9.48% the S&P500.
The move comes after 8 months positive chart setup for the $51.77B company. It was reported on Oct, 12 by Barchart.com. We have $110.62 PT which if reached, will make NYSE:DUK worth $23.30B more.
Analysts await Duke Energy Corp (NYSE:DUK) to report earnings on November, 3. They expect $1.51 earnings per share, up 2.72% or $0.04 from last year’s $1.47 per share. DUK’s profit will be $1.02B for 12.63 P/E if the $1.51 EPS becomes a reality. After $1.07 actual earnings per share reported by Duke Energy Corp for the previous quarter, Wall Street now forecasts 41.12% EPS growth.
Duke Energy Corp (NYSE:DUK) Ratings Coverage
Out of 14 analysts covering Duke Energy (NYSE:DUK), 1 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 7% are positive. Duke Energy has been the topic of 36 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, February 22 by UBS. The company was maintained on Friday, August 7 by Deutsche Bank. As per Monday, March 7, the company rating was maintained by SunTrust. The rating was downgraded by Wells Fargo to “Market Perform” on Tuesday, February 2. The firm has “Neutral” rating by SunTrust given on Monday, October 19. As per Monday, September 26, the company rating was maintained by SunTrust. The stock of Duke Energy Corp (NYSE:DUK) earned “Buy” rating by UBS on Tuesday, December 22. Suntrust Robinson maintained Duke Energy Corp (NYSE:DUK) on Monday, August 29 with “Neutral” rating. The stock of Duke Energy Corp (NYSE:DUK) earned “Buy” rating by Argus Research on Thursday, October 22. The stock has “Hold” rating given by Argus Research on Wednesday, April 6.
According to Zacks Investment Research, “Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U.S. and abroad. Duke Energy provides these and other services through seven business segments: Electric Operations; Natural Gas Transmission; Field Services; Trading and Marketing; Global Asset Development; Other Energy Services; Real Estate Operations.”
Insitutional Activity: The institutional sentiment decreased to 1.26 in Q2 2016. Its down 0.11, from 1.37 in 2016Q1. The ratio turned negative, as 54 funds sold all Duke Energy Corp shares owned while 329 reduced positions. 83 funds bought stakes while 401 increased positions. They now own 379.19 million shares or 4.66% less from 397.71 million shares in 2016Q1.
Thrivent For Lutherans, a Minnesota-based fund reported 23,957 shares. Aull And Monroe Investment Mgmt Corp holds 3.13% or 63,454 shares in its portfolio. First National Tru Communication holds 0.62% or 46,903 shares in its portfolio. Arrow Financial Corporation owns 1,238 shares or 0.03% of their US portfolio. Pekin Singer Strauss Asset Management Il last reported 0.05% of its portfolio in the stock. Stralem And owns 326,400 shares or 3.23% of their US portfolio. Quantitative Inv Management Limited Liability Company accumulated 0.47% or 116,600 shares. California State Teachers Retirement System has invested 0.28% of its portfolio in Duke Energy Corp (NYSE:DUK). Moreover, Citigroup Inc has 0.04% invested in Duke Energy Corp (NYSE:DUK) for 400,089 shares. Zimmer Prtn Limited Partnership holds 1.02% or 400,000 shares in its portfolio. Brown Advisory Limited Liability Company holds 0.5% of its portfolio in Duke Energy Corp (NYSE:DUK) for 18,863 shares. Liberty last reported 0.14% of its portfolio in the stock. Exane Derivatives has invested 0% of its portfolio in Duke Energy Corp (NYSE:DUK). Holderness Investments holds 2.03% of its portfolio in Duke Energy Corp (NYSE:DUK) for 23,546 shares. Crawford Investment Counsel last reported 4,397 shares in the company.
More recent Duke Energy Corp (NYSE:DUK) news were published by: Bloomberg.com which released: “Duke Exits Latin America Business With $1.6 Billion in Deals” on October 10, 2016. Also Wsj.com published the news titled: “Lynn Good on How Duke Energy Is Getting Past Coal” on October 03, 2016. Reuters.com‘s news article titled: “Duke Energy shareholder lawsuit over CEO firing moves forward” with publication date: October 02, 2016 was also an interesting one.
DUK Company Profile
Duke Energy Corporation (Duke Energy), incorporated on May 3, 2005, is an energy company. The Firm conducts its activities in three business divisions: Regulated Utilities, International Energy and Commercial Portfolio. The Firm operates in the United States and Latin America primarily through its direct and indirect subsidiaries. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio), and Duke Energy Indiana, Inc. (Duke Energy Indiana).
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