Economy

Duke Energy Corporation (Holdin (NYSE:DUK) Experiences Heavy Trading Volume

Smithfield Trust Company holds 281 shares or 0% of its portfolio. Kanawha Capital Management upgraded its holdings in Duke Energy Corporation by 15.2% through out the 1st period.

Other large investors have also modified their holdings of the company. Paragon Capital Management bought a new stake in Duke Energy Corporation through out the 1st valued at $263,000. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider's stock worth $139,000 after purchasing an additional 462 shares during the last quarter. The value of the investment in (DUK) increased from $1,586,000 to $1,868,083,000 a change of $1,866,497,000 quarter to quarter. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Finally, Duncker Streett & Co.

Investors wait Duke Energy Corp (NYSE:DUK) to report on November, 3. its quarterly earnings Wall Street analysts expect $1.62 earnings per share, down $0.06 or 3.57 % from last year's $1.68 same quarter earnings. Inc. now owns 10,033 shares of the utilities provider's stock worth $823,000 after purchasing an additional 1,045 shares during the period. Moreover, John G Ullman & Associates Inc has 1.27% invested in the company for 181,001 shares.

In related news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction dated Monday, August 14th. State Street Corp increased its position in Duke Energy Corporation by 7.1% in the first quarter. Following the completion of the sale, the executive vice president now owns 50,316 shares of the company's stock, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Outfitter Advsrs has invested 0.15% in Duke Energy Corp (NYSE:DUK).

(NYSE:DUK) shares saw heavy trading volume with 6,308K shares changing hands by the end of trading on Friday. Federated Investors Inc who had been investing in Duke Energy Corp New for a number of months, seems to be less bullish one the $60.95 billion market cap company.

It is trading at $87.30 a tad above $86.68, the 50 day moving average and marginally over the 200 day moving average of $84.33. Based on a recent bid, the stock is trading -1.24% away from it's 52- week high and 20.68% away from its 52 week low. The utilities provider reported $1.01 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $1.01. Duke Energy Corporation had a net margin of 12.27% and a return on equity of 8.20%. The company had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion.

The main USA indices ended Friday's session weaker, as United States economic growth cooled to the slowest pace in three years in the first quarter and geopolitical concerns reemerged. On average, analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. This is an increase from Duke Energy Corporation's previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.08%. The ex-dividend date was set for Wednesday the 16th of August 2017.

Duke Energy Corporation (Duke Energy) is an energy company.

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Among 18 analysts covering Duke Energy (NYSE:DUK), 3 have Buy rating, 3 Sell and 12 Hold. Daiwa SB Investments Ltd. bought a new stake in Duke Energy Corporation during the second quarter valued at about $130,000. The firm earned "Buy" rating on Tuesday, September 15 by Argus Research. On Monday, June 26 the stock rating was upgraded by Goldman Sachs to "Buy". On August 10 Morgan Stanley made no change to the stock rating of "Equal-Weight" but raised the price expectation from $87.00 to $89.00. Morgan Stanley lifted their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an "equal weight" rating in a research report on Friday, September 8th. Finally, KeyCorp restated a "hold" rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Four Brokerage firms have recommended the share with a sell recommendation, eleven have published a hold recommendation and around three has issued a buy recommendation to the firms shares. Duke Energy Corporation has an average rating of "Hold" and a consensus price target of $83.18.

CHICAGO TRUST Co NA trimmed its stake in stocks of Duke Energy Corporation (NYSE:DUK) by 3.6% through out the 2nd period, according to The corporation in its latest document with the Security and Exchange Commission. The Firm operates through two divisions: electric utility and natural gas midstream operations. The Company operates in the United States through its direct and indirect subsidiaries. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.



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