Duke Energy Corp New (DUK) Holder Union Bankshares Corp Decreased Its Stake as Share Price Rose

September 14, 2018 - By Duane Lopez

Duke Energy Corporation (NYSE:DUK) LogoInvestors sentiment increased to 0.95 in Q2 2018. Its up 0.05, from 0.9 in 2018Q1. It increased, as 32 investors sold DUK shares while 397 reduced holdings. 87 funds opened positions while 320 raised stakes. 8.11 billion shares or 1912.68% more from 402.81 million shares in 2018Q1 were reported. United Kingdom-based Hsbc Public Ltd has invested 0.07% in Duke Energy Corporation (NYSE:DUK). Checchi Capital Advisers Ltd Llc holds 0.08% of its portfolio in Duke Energy Corporation (NYSE:DUK) for 7,679 shares. Mcf Advsrs owns 0.06% invested in Duke Energy Corporation (NYSE:DUK) for 3,845 shares. Aperio Gp has invested 0.13% in Duke Energy Corporation (NYSE:DUK). Hengehold Llc holds 2,928 shares. London Of Virginia invested in 0.93% or 1.44 million shares. Griffin Asset Management Incorporated accumulated 53,088 shares. Utah Retirement has invested 0.21% in Duke Energy Corporation (NYSE:DUK). Essex Investment Management Limited Co accumulated 2,613 shares. Massachusetts-based Appleton Partners Ma has invested 0.04% in Duke Energy Corporation (NYSE:DUK). Evermay Wealth Mngmt Ltd Company holds 0.34% or 12,797 shares. Holderness holds 37,751 shares. Cibc Asset Management Inc reported 0.06% of its portfolio in Duke Energy Corporation (NYSE:DUK). Cincinnati Financial, a Ohio-based fund reported 310,000 shares. Bank & Trust Of The Ozarks invested 0.49% in Duke Energy Corporation (NYSE:DUK).

Union Bankshares Corp decreased its stake in Duke Energy Corp New (DUK) by 87.3% based on its latest 2018Q2 regulatory filing with the SEC. Union Bankshares Corp sold 43,865 shares as the company’s stock rose 11.96% with the market. The institutional investor held 6,379 shares of the power generation company at the end of 2018Q2, valued at $504,000, down from 50,244 at the end of the previous reported quarter. Union Bankshares Corp who had been investing in Duke Energy Corp New for a number of months, seems to be less bullish one the $57.82 billion market cap company. The stock decreased 1.19% or $0.98 during the last trading session, reaching $81.17. About 582,231 shares traded. Duke Energy Corporation (NYSE:DUK) has declined 7.32% since September 14, 2017 and is downtrending. It has underperformed by 22.94% the S&P500.

Union Bankshares Corp, which manages about $307.50 million US Long portfolio, upped its stake in Dominion Energy Inc (NYSE:D) by 60,697 shares to 88,114 shares, valued at $6.01 million in 2018Q2, according to the filing.

Analysts await Duke Energy Corporation (NYSE:DUK) to report earnings on November, 2. They expect $1.54 EPS, down 3.14 % or $0.05 from last year’s $1.59 per share. DUK’s profit will be $1.10B for 13.18 P/E if the $1.54 EPS becomes a reality. After $0.93 actual EPS reported by Duke Energy Corporation for the previous quarter, Wall Street now forecasts 65.59 % EPS growth.

More notable recent Duke Energy Corporation (NYSE:DUK) news were published by: Bizjournals.com which released: “Duke Energy outages mount quickly as Florence slams the NC coast” on September 14, 2018, also Bizjournals.com with their article: “How this small Florida firm is making a power play in the Carolinas” published on September 13, 2018, Seekingalpha.com published: “Duke Energy shutting down North Carolina nuke plant ahead of Florence” on September 13, 2018. More interesting news about Duke Energy Corporation (NYSE:DUK) were released by: Bizjournals.com and their article: “CBJ Morning Buzz: Winds, rains from Hurricane Florence arrive in Carolinas” published on September 13, 2018 as well as Bizjournals.com‘s news article titled: “Why solar construction in North Carolina tanked in latest quarter” with publication date: September 13, 2018.

Duke Energy Corporation (NYSE:DUK) Ratings Coverage

Among 8 analysts covering Duke Energy Corp (NYSE:DUK), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Duke Energy Corp had 19 analyst reports since March 19, 2018 according to SRatingsIntel. SunTrust maintained Duke Energy Corporation (NYSE:DUK) on Monday, April 23 with “Hold” rating. The company was maintained on Monday, April 16 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, June 20 by Bank of America. Citigroup upgraded the stock to “Neutral” rating in Friday, July 20 report. The rating was maintained by SunTrust on Monday, April 9 with “Hold”. The rating was maintained by Morgan Stanley on Monday, July 16 with “Equal-Weight”. The firm has “Underweight” rating given on Thursday, June 7 by JP Morgan. The stock has “Neutral” rating by JP Morgan on Monday, July 23. The stock of Duke Energy Corporation (NYSE:DUK) has “Hold” rating given on Monday, April 2 by SunTrust. Goldman Sachs downgraded Duke Energy Corporation (NYSE:DUK) rating on Wednesday, March 28. Goldman Sachs has “Sell” rating and $7800 target.

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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