What Could Be Propelling Duke Energy Corp to Decrease?

 What Could Be Propelling Duke Energy Corp to Decrease?

In today’s session Duke Energy Corp (DUK) recorded an unusually high (146) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious DUK decrease. With 146 contracts traded and 16734 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: DUK170120P00070000 closed last at: $1.25 or 25% up. About 1.74M shares traded hands. Duke Energy Corp (NYSE:DUK) has risen 3.71% since March 3, 2016 and is uptrending. It has underperformed by 4.63% the S&P500.

Analysts await Duke Energy Corp (NYSE:DUK) to report earnings on November, 3. They expect $1.51 EPS, up 2.72% or $0.04 from last year’s $1.47 per share. DUK’s profit will be $1.04B for 12.85 P/E if the $1.51 EPS becomes a reality. After $1.07 actual EPS reported by Duke Energy Corp for the previous quarter, Wall Street now forecasts 41.12% EPS growth.

Duke Energy Corp (NYSE:DUK) Ratings Coverage

Out of 14 analysts covering Duke Energy (NYSE:DUK), 1 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 7% are positive. Duke Energy has been the topic of 36 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Zacks downgraded Duke Energy Corp (NYSE:DUK) on Friday, August 7 to “Buy” rating. The rating was initiated by Citigroup on Friday, September 18 with “Neutral”. Deutsche Bank maintained Duke Energy Corp (NYSE:DUK) on Friday, August 7 with “Hold” rating. The rating was upgraded by Bank of America on Tuesday, January 12 to “Neutral”. The rating was maintained by Deutsche Bank on Friday, August 7 with “Hold”. The firm has “Buy” rating by Argus Research given on Tuesday, September 15. The rating was maintained by SunTrust with “Neutral” on Monday, September 26. The rating was maintained by SunTrust on Monday, March 7 with “Neutral”. The stock of Duke Energy Corp (NYSE:DUK) has “Sector Perform” rating given on Tuesday, November 17 by Howard Weil. Guggenheim maintained Duke Energy Corp (NYSE:DUK) on Tuesday, August 18 with “Buy” rating.

According to Zacks Investment Research, “Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U.S. and abroad. Duke Energy provides these and other services through seven business segments: Electric Operations; Natural Gas Transmission; Field Services; Trading and Marketing; Global Asset Development; Other Energy Services; Real Estate Operations.”

Insitutional Activity: The institutional sentiment decreased to 1.26 in 2016 Q2. Its down 0.11, from 1.37 in 2016Q1. The ratio dropped, as 54 funds sold all Duke Energy Corp shares owned while 329 reduced positions. 83 funds bought stakes while 401 increased positions. They now own 379.19 million shares or 4.66% less from 397.71 million shares in 2016Q1.
Everence Cap Inc has 15,864 shares for 0.42% of their US portfolio. Savings Bank last reported 0.16% of its portfolio in the stock. Kcg holds 0.04% or 25,015 shares in its portfolio. Metropolitan Life Com Ny last reported 0.23% of its portfolio in the stock. The Florida-based Palisades Hudson Asset L P has invested 0.23% in Duke Energy Corp (NYSE:DUK). Greenleaf holds 0.01% of its portfolio in Duke Energy Corp (NYSE:DUK) for 3,683 shares. Loring Wolcott & Coolidge Fiduciary Llp Ma holds 0.01% of its portfolio in Duke Energy Corp (NYSE:DUK) for 4,201 shares. Tarbox Grp reported 262 shares or 0.02% of all its holdings. Dearborn Prtnrs Limited Liability Company owns 4,132 shares or 0.03% of their US portfolio. Diam Company Ltd owns 95,217 shares or 0.12% of their US portfolio. First Dallas Secs Incorporated has invested 1.35% of its portfolio in Duke Energy Corp (NYSE:DUK). The New York-based Samsung Asset Mngmt (New York) has invested 0.59% in Duke Energy Corp (NYSE:DUK). Martingale Asset L P has invested 0.01% of its portfolio in Duke Energy Corp (NYSE:DUK). Oarsman holds 0.22% or 4,988 shares in its portfolio. Zweig Advisers Ltd Company has 83,000 shares for 1.21% of their US portfolio.

Duke Energy Corporation is an energy company. The company has a market cap of $53.22 billion. The Company’s divisions include Regulated Utilities, International Energy and Commercial Portfolio. It has a 20.37 P/E ratio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio), and Duke Energy Indiana, Inc. (Duke Energy Indiana).

DUK Company Profile

Duke Energy Corporation (Duke Energy), incorporated on May 3, 2005, is an energy company. The Firm conducts its activities in three business divisions: Regulated Utilities, International Energy and Commercial Portfolio. The Firm operates in the United States and Latin America primarily through its direct and indirect subsidiaries. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio), and Duke Energy Indiana, Inc. (Duke Energy Indiana).

More important recent Duke Energy Corp (NYSE:DUK) news were published by: Wsj.com which released: “Lynn Good on How Duke Energy Is Getting Past Coal” on October 03, 2016, also Wsj.com published article titled: “Norway’s Sovereign-Wealth Fund to No Longer Invest in Duke Energy”, Streetinsider.com published: “Form 4 Duke Energy CORP For: Oct 03 Filed by: SKAINS THOMAS E” on October 05, 2016. More interesting news about Duke Energy Corp (NYSE:DUK) was released by: Insurancejournal.com and their article: “Duke Energy to Pay $6M for North Carolina Chemical Plant Spill” with publication date: September 27, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment