Duke Energy Corp Unusual Bearish Options Activity Means Higher Risks

 Duke Energy Corp Unusual Bearish Options Activity Means Higher Risks

In today’s session Duke Energy Corp (DUK) recorded an unusually high (2,004) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious DUK decrease. With 2,004 contracts traded and 23794 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: DUK161021P00080000 closed last at: $3 or 25% up. About 198,901 shares traded hands. Duke Energy Corp (NYSE:DUK) has declined 0.65% since March 15, 2016 and is downtrending. It has underperformed by 6.14% the S&P500.

Analysts await Duke Energy Corp (NYSE:DUK) to report earnings on November, 3. They expect $1.51 earnings per share, up 2.72% or $0.04 from last year’s $1.47 per share. DUK’s profit will be $1.04B for 12.78 P/E if the $1.51 EPS becomes a reality. After $1.07 actual earnings per share 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. $85.0 is the highest target while $71 is the lowest. The $78.36 average target is 1.52% above today’s ($77.19) stock price. Duke Energy has been the topic of 36 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Mizuho maintained it with “Neutral” rating and $72 target price in Monday, February 22 report. The firm has “Neutral” rating given on Monday, October 19 by SunTrust. UBS maintained the shares of DUK in a report on Monday, November 9 with “Neutral” rating. JP Morgan downgraded the shares of DUK in a report on Friday, February 19 to “Neutral” rating. The firm has “Underperform” rating given on Monday, February 22 by Wolfe Research. As per Monday, February 22, the company rating was maintained by UBS. The stock of Duke Energy Corp (NYSE:DUK) earned “Neutral” rating by Citigroup on Friday, September 18. As per Friday, November 6, the company rating was downgraded by BMO Capital Markets. Barclays Capital maintained it with “Equal-Weight” rating and $80 target price in Friday, March 18 report. On Monday, September 26 the stock rating was maintained by SunTrust with “Neutral”.

Insitutional Activity: The institutional sentiment decreased to 1.26 in 2016 Q2. Its down 0.11, from 1.37 in 2016Q1. The ratio worsened, 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.
Mufg Americas Corp last reported 50,258 shares in the company. Barclays Public Limited Com accumulated 2.56M shares or 0.29% of the stock. Janney Cap Mgmt Ltd Liability Co holds 1.12% of its portfolio in Duke Energy Corp (NYSE:DUK) for 247,789 shares. Investment Management Of Virginia Ltd Liability, a Virginia-based fund reported 17,775 shares. Blackrock has invested 0.19% of its portfolio in Duke Energy Corp (NYSE:DUK). Monetary Inc last reported 4,465 shares in the company. Seaward Ltd Partnership accumulated 0.02% or 4,316 shares. Ar Schmeidler & holds 1.58% of its portfolio in Duke Energy Corp (NYSE:DUK) for 82,389 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management Corporation, a Alberta – Canada-based fund reported 381,672 shares. Moreover, Sigma Counselors has 0.31% invested in Duke Energy Corp (NYSE:DUK) for 20,855 shares. Hayek Kallen Invest holds 3,902 shares or 0.24% of its portfolio. Blackrock Fund Advisors accumulated 0.24% or 12.91 million shares. Green Square Llc, a Tennessee-based fund reported 52,975 shares. Robeco Institutional Asset Mgmt Bv owns 621,396 shares or 0.4% of their US portfolio. The Connecticut-based Quantitative Systematic Strategies Lc has invested 0.41% in Duke Energy Corp (NYSE:DUK).

Duke Energy Corporation is an energy company. The company has a market cap of $53.41 billion. The Company’s divisions include Regulated Utilities, International Energy and Commercial Portfolio. It has a 20.26 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 news for Duke Energy Corp (NYSE:DUK) were recently published by: Wsj.com, which released: “Lynn Good on How Duke Energy Is Getting Past Coal” on October 03, 2016. Prnewswire.com‘s article titled: “Duke Energy to sell its Brazilian business to China Three Gorges Corporation …” and published on October 10, 2016 is yet another important article.

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