Duke Energy New (DUK) Holder Parsons Capital Management Has Lowered Its Position as Stock Declined; Shell Asset Management Co Lifted Its F M C (FMC) Holding

April 17, 2018 - By Adrian Mccoy

FMC Corporation (NYSE:FMC) Logo

Parsons Capital Management Inc decreased its stake in Duke Energy Corp New (DUK) by 29.39% based on its latest 2017Q4 regulatory filing with the SEC. Parsons Capital Management Inc sold 6,119 shares as the company’s stock declined 8.40% with the market. The institutional investor held 14,704 shares of the power generation company at the end of 2017Q4, valued at $1.24M, down from 20,823 at the end of the previous reported quarter. Parsons Capital Management Inc who had been investing in Duke Energy Corp New for a number of months, seems to be less bullish one the $56.68B market cap company. The stock increased 0.71% or $0.55 during the last trading session, reaching $78.51. About 980,523 shares traded. Duke Energy Corporation (NYSE:DUK) has declined 6.87% since April 17, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Shell Asset Management Co increased its stake in F M C Corp (FMC) by 1.77% based on its latest 2017Q4 regulatory filing with the SEC. Shell Asset Management Co bought 4,153 shares as the company’s stock declined 21.14% with the market. The institutional investor held 238,819 shares of the major chemicals company at the end of 2017Q4, valued at $22.61M, up from 234,666 at the end of the previous reported quarter. Shell Asset Management Co who had been investing in F M C Corp for a number of months, seems to be bullish on the $10.98B market cap company. The stock increased 1.23% or $0.99 during the last trading session, reaching $81.61. About 455,689 shares traded. FMC Corporation (NYSE:FMC) has risen 22.51% since April 17, 2017 and is uptrending. It has outperformed by 10.96% the S&P500.

Parsons Capital Management Inc, which manages about $157.98M and $898.02M US Long portfolio, upped its stake in Bp Plc (NYSE:BP) by 16,390 shares to 23,808 shares, valued at $1.00M in 2017Q4, according to the filing. It also increased its holding in Disney Walt Co (NYSE:DIS) by 4,130 shares in the quarter, for a total of 32,668 shares, and has risen its stake in Jpmorgan Chase & Co (AMJ).

Analysts await Duke Energy Corporation (NYSE:DUK) to report earnings on May, 10 before the open. They expect $1.12 EPS, up 7.69% or $0.08 from last year’s $1.04 per share. DUK’s profit will be $808.51 million for 17.52 P/E if the $1.12 EPS becomes a reality. After $0.94 actual EPS reported by Duke Energy Corporation for the previous quarter, Wall Street now forecasts 19.15% EPS growth.

Among 20 analysts covering Duke Energy (NYSE:DUK), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. Duke Energy had 87 analyst reports since August 7, 2015 according to SRatingsIntel. Goldman Sachs downgraded Duke Energy Corporation (NYSE:DUK) on Wednesday, January 10 to “Hold” rating. The stock of Duke Energy Corporation (NYSE:DUK) has “Equal-Weight” rating given on Monday, November 13 by Morgan Stanley. SunTrust maintained Duke Energy Corporation (NYSE:DUK) rating on Monday, November 6. SunTrust has “Hold” rating and $90.0 target. The stock of Duke Energy Corporation (NYSE:DUK) has “Neutral” rating given on Monday, October 19 by SunTrust. The rating was maintained by SunTrust on Monday, March 5 with “Hold”. The firm has “Neutral” rating given on Friday, September 18 by Citigroup. The stock has “Hold” rating by SunTrust on Monday, April 16. As per Monday, February 22, the company rating was maintained by UBS. Citigroup maintained Duke Energy Corporation (NYSE:DUK) on Wednesday, July 20 with “Neutral” rating. The rating was upgraded by UBS to “Buy” on Tuesday, December 22.

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 DUK 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. Meiji Yasuda Life Ins Communications reported 0.04% stake. Highstreet Asset Mgmt stated it has 150,564 shares or 0.75% of all its holdings. Nomura Hldg has invested 0.01% in Duke Energy Corporation (NYSE:DUK). Endurance Wealth stated it has 3,656 shares. Piedmont Inv Advisors reported 0.25% stake. 19,191 were accumulated by Conning. Cwm Limited Liability Corporation holds 1,349 shares or 0.01% of its portfolio. Bryn Mawr Co invested 0.22% in Duke Energy Corporation (NYSE:DUK). Farmers National Bank & Trust has 0.04% invested in Duke Energy Corporation (NYSE:DUK) for 22,695 shares. Moneta Grp Investment Advsr Ltd Liability Co, Missouri-based fund reported 1,691 shares. Wealthcare Capital Lc reported 114 shares. Checchi Advisers holds 0.08% or 7,221 shares in its portfolio. Kingfisher Capital Ltd Liability Com invested 0.34% of its portfolio in Duke Energy Corporation (NYSE:DUK). Payden Rygel, a California-based fund reported 131,500 shares. Appleton Prtnrs Inc Ma reported 3,387 shares.

Investors sentiment is 1.09 in Q4 2017. Its the same as in 2017Q3. It has no change, as 39 investors sold FMC shares while 153 reduced holdings. only 57 funds opened positions while 153 raised stakes. 119.71 million shares or 1.28% more from 118.19 million shares in 2017Q3 were reported. Point72 Asia (Hong Kong) Ltd has invested 0.01% of its portfolio in FMC Corporation (NYSE:FMC). Jacobs Levy Equity Inc holds 151,609 shares or 0.25% of its portfolio. Nomura Asset Mgmt Limited accumulated 18,665 shares. Asset One accumulated 211,249 shares or 0.04% of the stock. Norman Fields Gottscho Cap Lc owns 0.17% invested in FMC Corporation (NYSE:FMC) for 3,200 shares. Amp Cap Investors Ltd reported 46,297 shares stake. Financial Bank Of Nova Scotia owns 4,000 shares. Sun Life Financial Inc accumulated 293 shares. Crestpoint Capital Management Ltd Liability Com holds 0.44% of its portfolio in FMC Corporation (NYSE:FMC) for 8,400 shares. Millennium Mgmt Limited Liability Corporation owns 186,700 shares or 0.02% of their US portfolio. Navellier & Assoc invested in 11,050 shares or 0.2% of the stock. New York State Teachers Retirement Systems stated it has 0.05% in FMC Corporation (NYSE:FMC). Janney Montgomery Scott Limited Com accumulated 33,231 shares. Brinker accumulated 0.06% or 16,123 shares. Liberty Mutual Gru Asset invested 0.01% in FMC Corporation (NYSE:FMC).

Shell Asset Management Co, which manages about $5.04B US Long portfolio, decreased its stake in Wynn Resorts Ltd (NASDAQ:WYNN) by 7,666 shares to 4,329 shares, valued at $730,000 in 2017Q4, according to the filing. It also reduced its holding in Nisource Inc (NYSE:NI) by 32,651 shares in the quarter, leaving it with 14,160 shares, and cut its stake in Stanley Black & Decker Inc (NYSE:SWK).

FMC Corporation (NYSE:FMC) 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 FREE daily email newsletter.

By

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:


Recent Market News

>