Duke Energy Corporation (Holdin (NYSE:DUK) Trading Up - Short Interest Down -8.98%

Modesto Morganelli
Ottobre 14, 2017

Investors are a little more bearish on Duke Energy Corporation 5.125% recently considering the rise in short interest. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider's stock valued at $142,000 after buying an additional 1,369 shares in the last quarter. Cobblestone Capital Advisors LLC NY increased its position in Duke Energy Corporation by 15.0% in the 1st quarter. Duke Energy Corporation (DUK) has an operating margin of 24.80%.

Several other institutional investors and hedge funds have also modified their holdings of the company. Out of 4 Wall Street analysts rating Duke Energy, 0 give it "Buy", 2 "Sell" rating, while 2 recommend "Hold". Osborn Rohs Williams & Donohoe Ltd bolstered its investment by buying 64 shares an increase of 2.2% in the quarter. SPC Financial Inc.'s holdings in Duke Energy Corp were worth $316,000 at the end of the most recent quarter. Quantres Asset Management Ltd added to its ownership by buying 100 shares an increase of 2.0% from 06/30/2017 to 09/30/2017. Hayek Kallen Investment Management lifted its position in Duke Energy Corporation by 0.5% in the 1st quarter.

Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The stock has a market cap of $59.99 billion, a P/E ratio of 27.33 and a beta of 0.14. The company was maintained on Thursday, October 12 by JP Morgan. Energy Income Partners Llc sold 61,105 shares as Duke Energy Corp New (DUK)'s stock rose 6.39%. The stock recorded a fall in short interest of -13.24% as of the latest report on September 29, 2017. Zacks Investment Research cut shares of Duke Energy Corporation from a "buy" rating to a "hold" rating in a research report on Wednesday, August 30th. Meanwhile, the average 12-month price target from Wall Street analysts is now 86.97, this means that the stock is underpriced by 0.667%. Citigroup initiated the shares of DUK in report on Friday, September 18 with "Neutral" rating. Volume was down 98.17% under the stocks average daily volume. During the last 52 weeks, the (NYSE:DUK) price has been as high as $88.4 and as low as $72.34.

MET reduced -0.23% to close at $52.73. The utilities provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period previous year, the business posted $1.07 EPS. The firm's quarterly revenue was up 6.6% on a year-over-year basis. Analysts forecast that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.

In other news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. The 50 day moving average was up $0.93 or +1.08% and the 200 day average was up $2.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The stock declined 0.60% or $0.64 reaching $105.78 per share.

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EPS is a portion of a company's profit distributed to each outstanding common share. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

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