Could Duke Energy Corporation (holding Company) (NYSE:DUK) See a Reversal After Less Sellers Came In?

May 24, 2018 - By Migdalia James

Duke Energy Corporation (NYSE:DUK) Logo

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.06, from 1.07 in 2017Q3. It is positive, as 46 investors sold Duke Energy Corporation shares while 352 reduced holdings. 100 funds opened positions while 348 raised stakes. 389.71 million shares or 0.49% less from 391.64 million shares in 2017Q3 were reported.
Barrett Asset Management Ltd Limited Liability Company has 1,968 shares. Los Angeles Capital & Equity reported 57,777 shares. Altavista Wealth Mngmt Inc stated it has 17,311 shares or 0.62% of all its holdings. 20,196 are held by Palladium Prtn Limited Com. First Financial In stated it has 0.67% in Duke Energy Corporation (NYSE:DUK). Canandaigua Retail Bank, a New York-based fund reported 8,121 shares. Moreover, United Capital Advisers Lc has 0.04% invested in Duke Energy Corporation (NYSE:DUK) for 64,539 shares. Numeric Limited Liability Corporation has invested 0.03% in Duke Energy Corporation (NYSE:DUK). 5,076 are owned by Washington National Bank. Bremer Tru Association accumulated 5,904 shares. Metropolitan Life Ins Ny has invested 0.12% in Duke Energy Corporation (NYSE:DUK). First Foundation Advsrs owns 3,806 shares or 0.02% of their US portfolio. Orrstown Serv Incorporated accumulated 1,042 shares. Perigon Wealth Management Ltd Com reported 1,916 shares. Vigilant Mgmt Limited Liability Corp stated it has 984 shares or 0.01% of all its holdings.

The stock of Duke Energy Corporation (holding Company) (NYSE:DUK) registered a decrease of 1.49% in short interest. DUK’s total short interest was 22.04 million shares in May as published by FINRA. Its down 1.49% from 22.38M shares, reported previously. With 2.65M shares average volume, it will take short sellers 8 days to cover their DUK’s short positions. The short interest to Duke Energy Corporation (holding Company)’s float is 3.15%.

The stock increased 0.75% or $0.56 during the last trading session, reaching $75.43. About 2.78M shares traded. Duke Energy Corporation (NYSE:DUK) has declined 6.87% since May 24, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Duke Energy Corporation, together with its subsidiaries, operates as an energy firm in the United States. The company has market cap of $52.88 billion. It operates through three divisions: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. It has a 17.87 P/E ratio. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Duke Energy Corporation (NYSE:DUK) Ratings Coverage

Among 11 analysts covering Duke Energy Corp (NYSE:DUK), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 45% are positive. Duke Energy Corp had 31 analyst reports since December 4, 2017 according to SRatingsIntel. Goldman Sachs downgraded the shares of DUK in report on Wednesday, March 28 to “Sell” rating. SunTrust maintained it with “Hold” rating and $8200 target in Monday, April 23 report. Morgan Stanley maintained Duke Energy Corporation (NYSE:DUK) on Tuesday, February 13 with “Equal-Weight” rating. Morgan Stanley maintained the shares of DUK in report on Wednesday, December 13 with “Equal-Weight” rating. The rating was maintained by SunTrust on Wednesday, January 3 with “Hold”. On Monday, March 19 the stock rating was maintained by SunTrust with “Hold”. The stock of Duke Energy Corporation (NYSE:DUK) has “Outperform” rating given on Tuesday, January 23 by Credit Suisse. Wells Fargo maintained the stock with “Market Perform” rating in Wednesday, February 21 report. The firm has “Hold” rating by SunTrust given on Monday, February 26. The firm has “Hold” rating given on Tuesday, January 16 by SunTrust.

More news for Duke Energy Corporation (NYSE:DUK) were recently published by: Bizjournals.com, which released: “Duke Energy Ohio names new president” on May 21, 2018. Seekingalpha.com‘s article titled: “Duke Energy +1.4% after easy Q1 earnings beat” and published on May 10, 2018 is yet another important article.

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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 daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: