State Street Corp Has Increased Duke Energy Corp (DUK) Stake by $3.52 Million

February 15, 2018 - By Nellie Frank

Investors sentiment increased to 1.07 in 2017 Q3. Its up 0.02, from 1.05 in 2017Q2. It increased, as 48 investors sold DUK shares while 344 reduced holdings. 75 funds opened positions while 346 raised stakes. 391.64 million shares or 1.95% more from 384.16 million shares in 2017Q2 were reported. Goldman Sachs Group Incorporated reported 4.22M shares stake. Moreover, Orrstown Fincl Ser has 0.1% invested in Duke Energy Corporation (NYSE:DUK) for 1,042 shares. 19,040 were accumulated by Community National Bank Of Raymore. Jackson Wealth Mgmt Lc reported 0.82% stake. Ray Gerald L Assocs Ltd invested 0.13% of its portfolio in Duke Energy Corporation (NYSE:DUK). New York State Common Retirement Fund, a New York-based fund reported 1.76M shares. Crawford Invest Counsel holds 0.32% or 117,915 shares. Beacon Finance Gru reported 1.71% stake. Stearns Fincl Svcs holds 0.14% or 6,477 shares. Blackrock Inc has invested 0.19% in Duke Energy Corporation (NYSE:DUK). Pitcairn Com invested 0.03% of its portfolio in Duke Energy Corporation (NYSE:DUK). Jarislowsky Fraser Ltd owns 181,022 shares for 0.09% of their portfolio. Tru Of Virginia Va stated it has 13,954 shares. Pennsylvania Trust Company has invested 0.05% in Duke Energy Corporation (NYSE:DUK). Bellecapital International stated it has 1.65% in Duke Energy Corporation (NYSE:DUK).

State Street Corp increased its stake in Duke Energy Corp (DUK) by 0.13% based on its latest 2017Q3 regulatory filing with the SEC. State Street Corp bought 42,372 shares as the company’s stock rose 6.39% with the market. The institutional investor held 33.35 million shares of the power generation company at the end of 2017Q3, valued at $2.80 billion, up from 33.31 million at the end of the previous reported quarter. State Street Corp who had been investing in Duke Energy Corp for a number of months, seems to be bullish on the $53.11 billion market cap company. The stock increased 1.73% or $1.29 during the last trading session, reaching $75.88. About 2.46M shares traded. Duke Energy Corporation (NYSE:DUK) has risen 8.31% since February 15, 2017 and is uptrending. It has underperformed by 8.39% the S&P500.

State Street Corp, which manages about $1158.96B US Long portfolio, decreased its stake in Unit Corp (NYSE:UNT) by 157,631 shares to 1.59 million shares, valued at $32.79M in 2017Q3, according to the filing. It also reduced its holding in Host Hotels &; Resorts Inc (NYSE:HST) by 901,132 shares in the quarter, leaving it with 44.29 million shares, and cut its stake in Avista Corp (NYSE:AVA).

More notable recent Duke Energy Corporation (NYSE:DUK) news were published by: Usnews.com which released: “Duke Energy Won’t Force Neighbors to Waive All Legal Claims” on January 29, 2018, also Seekingalpha.com with their article: “Duke Energy: Looking Ripe For A Swing Play Only” published on January 25, 2018, Seekingalpha.com published: “Duke Energy: A Technical Buy At Current Levels” on February 10, 2018. More interesting news about Duke Energy Corporation (NYSE:DUK) were released by: Bizjournals.com and their article: “Duke Energy touts high productivity at its nuclear plants in the Carolinas” published on February 14, 2018 as well as Usatoday.com‘s news article titled: “Duke Energy: We’ll pass along tax cut, but not too much” with publication date: February 02, 2018.

Duke Energy Corporation (NYSE:DUK) Ratings Coverage

Among 20 analysts covering Duke Energy (NYSE:DUK), 4 have Buy rating, 2 Sell and 14 Hold. Therefore 20% are positive. Duke Energy had 73 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Goldman Sachs to “Hold” on Wednesday, January 10. SunTrust maintained Duke Energy Corporation (NYSE:DUK) rating on Wednesday, January 3. SunTrust has “Hold” rating and $82.0 target. As per Sunday, August 27, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by SunTrust given on Tuesday, December 26. The stock has “Neutral” rating by JP Morgan on Friday, February 19. The rating was maintained by Morgan Stanley on Monday, November 13 with “Equal-Weight”. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, September 8. The rating was upgraded by Credit Suisse on Tuesday, January 23 to “Outperform”. The rating was maintained by SunTrust on Monday, November 6 with “Hold”. The company was maintained on Thursday, February 1 by RBC Capital Markets.

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