Duke Energy Corp Stock in 2018 Q2 Driven by Institutional Investors

September 30, 2018 - By Pearl Odom

Duke Energy Corporation (NYSE:DUK) Logo

Sentiment for Duke Energy Corp (NYSE:DUK)

Duke Energy Corp (NYSE:DUK) institutional sentiment increased to 0.95 in Q2 2018. Its up 0.05, from 0.9 in 2018Q1. The ratio is more positive, as 407 investment professionals increased and started new equity positions, while 429 cut down and sold stakes in Duke Energy Corp. The investment professionals in our partner’s database now hold: 8.11 billion shares, up from 402.81 million shares in 2018Q1. Also, the number of investment professionals holding Duke Energy Corp in their top 10 equity positions increased from 8 to 10 for an increase of 2. Sold All: 32 Reduced: 397 Increased: 320 New Position: 87.

Duke Energy Corporation, together with its subsidiaries, operates as an energy firm in the United States. The company has market cap of $57.00 billion. It operates through three divisions: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. It has a 20.24 P/E ratio. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

The stock increased 1.37% or $1.08 during the last trading session, reaching $80.02. About 4.54M shares traded or 28.99% up from the average. Duke Energy Corporation (NYSE:DUK) has declined 7.32% since September 30, 2017 and is downtrending. It has underperformed by 22.94% the S&P500.

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 $1.10 billion for 12.99 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.

Zimmer Partners Lp holds 6.7% of its portfolio in Duke Energy Corporation for 6.18 million shares. Bruce & Co. Inc. owns 347,788 shares or 5.47% of their US portfolio. Moreover, Cincinnati Casualty Co has 4.69% invested in the company for 66,300 shares. The Pennsylvania-based Symons Capital Management Inc has invested 4.32% in the stock. Canal Insurance Co, a South Carolina-based fund reported 150,166 shares.

Duke Energy Corporation (NYSE:DUK) Ratings Coverage

Ratings analysis reveals 25% of Duke Energy Corp’s analysts are positive. Out of 8 Wall Street analysts rating Duke Energy Corp, 2 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $72 while the high is $91. The stock’s average target of $81.71 is 2.11% above today’s ($80.02) share price. DUK was included in 18 notes of analysts from April 2, 2018. As per Wednesday, April 18, the company rating was maintained by Bank of America. Morgan Stanley maintained Duke Energy Corporation (NYSE:DUK) on Friday, September 21 with “Equal-Weight” rating. The firm has “Sector Outperform” rating given on Tuesday, July 24 by Howard Weil. The stock of Duke Energy Corporation (NYSE:DUK) earned “Neutral” rating by JP Morgan on Monday, July 23. Morgan Stanley maintained Duke Energy Corporation (NYSE:DUK) on Tuesday, September 11 with “Equal-Weight” rating. The stock of Duke Energy Corporation (NYSE:DUK) earned “Market Perform” rating by Wells Fargo on Monday, September 17. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, June 13 report. SunTrust maintained Duke Energy Corporation (NYSE:DUK) rating on Monday, April 16. SunTrust has “Hold” rating and $8100 target. The firm earned “Hold” rating on Monday, April 2 by SunTrust. The rating was maintained by JP Morgan with “Underweight” on Thursday, June 7.

More notable recent Duke Energy Corporation (NYSE:DUK) news were published by: Bizjournals.com which released: “How UNC Charlotte’s EPIC will use $942K DOE grant to innovate new way of charging electric vehicles” on September 20, 2018, also Bizjournals.com with their article: “Duke Energy’s coastal customers likely to be without power into next week” published on September 18, 2018, Benzinga.com published: “Florence Adds Volatility To Lean Hog Prices” on September 18, 2018. More interesting news about Duke Energy Corporation (NYSE:DUK) were released by: Bizjournals.com and their article: “Duke Energy shuts down Sutton plant flooded by Florence” published on September 23, 2018 as well as Seekingalpha.com‘s news article titled: “Duke Energy Corporation: This 5.625% Baby Bond Has Begun Trading On The NYSE” with publication date: September 24, 2018.

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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