Union Bankshares Corp Lowered Its Holding in Duke Energy Corp New (DUK) by $3.47 Million as Stock Value Rose

September 14, 2018 - By Palma Niemeyer

Duke Energy Corporation (NYSE:DUK) LogoInvestors sentiment increased to 0.95 in Q2 2018. Its up 0.05, from 0.9 in 2018Q1. It is positive, as 32 investors sold DUK shares while 397 reduced holdings. 87 funds opened positions while 320 raised stakes. 8.11 billion shares or 1912.68% more from 402.81 million shares in 2018Q1 were reported. Suntrust Banks holds 0.21% in Duke Energy Corporation (NYSE:DUK) or 495,637 shares. Wells Fargo And Communication Mn stated it has 3.63M shares or 0.09% of all its holdings. Marshall Wace Ltd Liability Partnership accumulated 27,568 shares. Dekabank Deutsche Girozentrale holds 0.42% or 806,092 shares in its portfolio. Citizens Northern reported 8,558 shares. Texas-based Hilltop Incorporated has invested 0.29% in Duke Energy Corporation (NYSE:DUK). The Tennessee-based First Mercantile Tru Com has invested 0.01% in Duke Energy Corporation (NYSE:DUK). Moreover, Wilbanks Smith And Thomas Asset Management Ltd has 0.11% invested in Duke Energy Corporation (NYSE:DUK) for 16,823 shares. Bb&T reported 0.25% of its portfolio in Duke Energy Corporation (NYSE:DUK). Catawba Mngmt Va has 1.06% invested in Duke Energy Corporation (NYSE:DUK) for 56,731 shares. State Of Wisconsin Inv Board holds 0.2% or 880,240 shares in its portfolio. M&R Cap Inc, New York-based fund reported 10,818 shares. Moreover, Alliancebernstein Limited Partnership has 0.06% invested in Duke Energy Corporation (NYSE:DUK) for 1.12M shares. Jackson Wealth Ltd Liability Corp has invested 0.61% in Duke Energy Corporation (NYSE:DUK). Gulf Interest Commercial Bank (Uk) Ltd accumulated 0.23% or 230,471 shares.

Union Bankshares Corp decreased its stake in Duke Energy Corp New (DUK) by 87.3% based on its latest 2018Q2 regulatory filing with the SEC. Union Bankshares Corp sold 43,865 shares as the company’s stock rose 11.96% with the market. The institutional investor held 6,379 shares of the power generation company at the end of 2018Q2, valued at $504,000, down from 50,244 at the end of the previous reported quarter. Union Bankshares Corp who had been investing in Duke Energy Corp New for a number of months, seems to be less bullish one the $57.82B market cap company. The stock decreased 1.19% or $0.98 during the last trading session, reaching $81.17. About 582,231 shares traded. Duke Energy Corporation (NYSE:DUK) has declined 7.32% since September 14, 2017 and is downtrending. It has underperformed by 22.94% the S&P500.

Union Bankshares Corp, which manages about $307.50M US Long portfolio, upped its stake in Dominion Energy Inc (NYSE:D) by 60,697 shares to 88,114 shares, valued at $6.01 million in 2018Q2, according to the filing.

Analysts await Duke Energy Corporation (NYSE:DUK) to report earnings on November, 2. They expect $1.54 earnings per share, down 3.14 % or $0.05 from last year’s $1.59 per share. DUK’s profit will be $1.10 billion for 13.18 P/E if the $1.54 EPS becomes a reality. After $0.93 actual earnings per share reported by Duke Energy Corporation for the previous quarter, Wall Street now forecasts 65.59 % EPS growth.

More notable recent Duke Energy Corporation (NYSE:DUK) news were published by: Seekingalpha.com which released: “Duke Energy shutting down North Carolina nuke plant ahead of Florence” on September 13, 2018, also Bizjournals.com with their article: “CBJ Morning Buzz: Winds, rains from Hurricane Florence arrive in Carolinas” published on September 13, 2018, Bizjournals.com published: “How this small Florida firm is making a power play in the Carolinas” on September 13, 2018. More interesting news about Duke Energy Corporation (NYSE:DUK) were released by: Bizjournals.com and their article: “Why solar construction in North Carolina tanked in latest quarter” published on September 13, 2018 as well as Bizjournals.com‘s news article titled: “Duke Energy outages mount quickly as Florence slams the NC coast” with publication date: September 14, 2018.

Duke Energy Corporation (NYSE:DUK) Ratings Coverage

Among 8 analysts covering Duke Energy Corp (NYSE:DUK), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Duke Energy Corp had 19 analyst reports since March 19, 2018 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Monday, July 23. Morgan Stanley maintained Duke Energy Corporation (NYSE:DUK) on Tuesday, September 11 with “Equal-Weight” rating. The company was maintained on Monday, March 19 by SunTrust. As per Wednesday, June 13, the company rating was maintained by Morgan Stanley. The rating was maintained by Morgan Stanley on Monday, July 16 with “Equal-Weight”. The rating was maintained by SunTrust on Monday, April 9 with “Hold”. The firm has “Hold” rating given on Monday, April 2 by SunTrust. The stock of Duke Energy Corporation (NYSE:DUK) earned “Hold” rating by SunTrust on Monday, April 23. SunTrust maintained the shares of DUK in report on Monday, April 16 with “Hold” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, April 16.

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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