Economy

Duke Energy Narrows Adj. Earnings Guidance

Duke Energy Narrows Adj. Earnings Guidanceā€

Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider's stock valued at $448,000 after purchasing an additional 104 shares during the period. Bluestein R H & Company sold 6,500 shares as Sanofi Sp Adr (SNY)'s stock rose 14.25%. Sanofi Sp Adr now has $117.07B valuation. The stock declined 0.94% or $1.11 reaching $117.3 on the news. About 775,509 shares traded. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since November 3, 2016 and is uptrending.

The company also said results in the quarter caused it to lower its projected adjusted diluted earnings for 2017 to a range of $4.50 to $4.60 per share, compared with $4.50 to $4.70 previously. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider's stock valued at $125,000 after buying an additional 313 shares in the last quarter. The stock has moved 1.37% over the last 5 sessions.Since the start of the calendar year, Duke Energy Corporation (NYSE:DUK)'s stock has changed 14.09%. It has underperformed by 8.39% the S&P500.

Among 19 analysts covering Duke Energy (NYSE:DUK), 3 have Buy rating, 2 Sell and 14 Hold. Therefore 38% are positive. Union Pacific Corporation had 84 analyst reports since July 24, 2015 according to SRatingsIntel. Of course, this will result is many false signals in flat or choppy markets. Cowen & Co downgraded Union Pacific Corporation (NYSE:UNP) on Thursday, October 20 to "Market Perform" rating. The company was maintained on Thursday, August 10 by Morgan Stanley. The stock of Union Pacific Corporation (NYSE:UNP) earned "Buy" rating by Citigroup on Friday, March 31. As per Friday, January 8, the company rating was maintained by Argus Research.

Foster & Motley Inc decreased Mcdonald's Corp.

The total amount of shares of a public company owned by anyone, including those held by institutional investors, the company's officers and its insiders, is referred to as its shares outstanding.

Net income attributable to Duke Energy fell to $954 million, or $1.36 per share, in the quarter ended September 30 from $1.18 billion, or $1.44 per share, a year earlier. Cornerstone Advsrs reported 16,900 shares. Amica Mutual, a Rhode Island-based fund reported 36,231 shares. Caprock Group reported 3,165 shares. Financial Bank Of Hawaii owns 28,628 shares.

Duke Energy has announced its Power/Forward Carolinas plan that will strengthen the energy grid in SC. 3,895 are held by Private Wealth Advsrs Incorporated. 748,862 are owned by Fort Washington Advisors Inc Oh. 11,413 are owned by Lmr Prtnrs Ltd Liability Partnership.

A replay of the conference call will be available until 1 p.m. ET, Nov. 13, 2017, by calling 888-203-1112 in the United States or 719-457-0820 outside the United States and using the code 8614622. Its down 0.05, from 1.1 in 2017Q1.

Several other institutional investors have also recently added to or reduced their stakes in DUK. 80 funds opened positions while 349 raised stakes. At the moment, SN has 77.18 million shares outstanding. Bainco Intl invested in 0.04% or 2,806 shares. Teachers Insurance Annuity Association Of America holds 107,400 shares. Texas Yale Cap Corp holds 23,682 shares. Ontario Teachers Pension Plan Board holds 155,527 shares or 0.16% of its portfolio. Prudential Fincl accumulated 996,089 shares or 0.12% of the stock. Alliancebernstein Limited Partnership reported 0.07% in Duke Energy Corp (NYSE:DUK). Louisiana State Employees Retirement System boosted its position in Duke Energy Corporation by 0.9% during the 2nd quarter. Duke said the decline was also attributable to a charge related to the cancellation of a Florida nuclear project, as well as costs from its acquisition previous year of Charlotte-based Piedmont Natural Gas. Benedict invested 1.36% in Duke Energy Corp (NYSE:DUK). Finally, SunTrust Banks Inc. lowered their price target on Duke Energy Corp. from $83.00 to $81.00 and set a "neutral" rating on the stock in a research report on Monday, August 29th.

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