Parsons Capital Management Has Lowered Its Holding in Duke Energy New (DUK) as Market Valuation Declined; At Bancorp Position in Citigroup (C) Has Increased as Valuation Declined

May 22, 2018 - By Ruchi Gupta

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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 $51.77B market cap company. The stock increased 0.24% or $0.17 during the last trading session, reaching $73.85. About 1.67 million shares traded. Duke Energy Corporation (NYSE:DUK) has declined 6.87% since May 22, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

At Bancorp increased its stake in Citigroup Inc (C) by 47.26% based on its latest 2017Q4 regulatory filing with the SEC. At Bancorp bought 13,959 shares as the company’s stock declined 9.55% with the market. The institutional investor held 43,495 shares of the major banks company at the end of 2017Q4, valued at $3.24M, up from 29,536 at the end of the previous reported quarter. At Bancorp who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $182.50B market cap company. The stock increased 1.62% or $1.14 during the last trading session, reaching $71.57. About 8.77 million shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since May 22, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

More important recent Citigroup Inc. (NYSE:C) news were published by: Livetradingnews.com which released: “Citigroup Inc. (NYSE:C) Heffx Trading Review” on May 21, 2018, also Seekingalpha.com published article titled: “Citigroup: Buy Now”, Livetradingnews.com published: “Citigroup Inc. (NYSE:C) Heffx Technical Analysis” on May 17, 2018. More interesting news about Citigroup Inc. (NYSE:C) was released by: Seekingalpha.com and their article: “Why ValueAct Pounced On Citigroup” with publication date: May 14, 2018.

At Bancorp, which manages about $931.87M US Long portfolio, decreased its stake in Constellation Brands Inc (NYSE:STZ) by 2,541 shares to 17,813 shares, valued at $4.07 million in 2017Q4, according to the filing. It also reduced its holding in Global Pmts Inc (NYSE:GPN) by 9,940 shares in the quarter, leaving it with 32,539 shares, and cut its stake in Spdr Ser Tr.

Among 41 analysts covering Citigroup Inc. (NYSE:C), 24 have Buy rating, 2 Sell and 15 Hold. Therefore 59% are positive. Citigroup Inc. had 126 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Tuesday, September 5 by Vertical Group. On Tuesday, October 6 the stock rating was initiated by Susquehanna with “Neutral”. As per Wednesday, December 20, the company rating was maintained by Wells Fargo. The company was upgraded on Thursday, January 7 by Portales Partners. Jefferies maintained Citigroup Inc. (NYSE:C) rating on Tuesday, June 6. Jefferies has “Hold” rating and $6800 target. BMO Capital Markets maintained it with “Buy” rating and $6500 target in Friday, July 14 report. The firm earned “Hold” rating on Friday, July 7 by Jefferies. Jefferies upgraded the stock to “Buy” rating in Monday, September 28 report. The company was upgraded on Monday, November 30 by Guggenheim. On Thursday, March 15 the stock rating was maintained by Morgan Stanley with “Overweight”.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.28, from 1.35 in 2017Q3. It dropped, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. Hoertkorn Richard Charles reported 83,570 shares or 3.69% of all its holdings. Clarivest Asset Management Limited Liability Company holds 0.01% of its portfolio in Citigroup Inc. (NYSE:C) for 7,169 shares. Wesbanco State Bank Inc holds 9,762 shares. Barclays Public Ltd Liability Co has 4.66 million shares. Nuveen Asset Ltd Liability Corporation holds 0.43% in Citigroup Inc. (NYSE:C) or 912,050 shares. Intersect Capital Limited Liability Corporation reported 0.11% of its portfolio in Citigroup Inc. (NYSE:C). Old Mutual Customised Solutions (Proprietary) invested 0.51% of its portfolio in Citigroup Inc. (NYSE:C). Voloridge Inv Mngmt Lc, Florida-based fund reported 224,978 shares. Mason Street Ltd Liability Corp holds 0.63% or 368,288 shares in its portfolio. Parametric Portfolio Assocs Lc holds 0.63% or 8.50M shares in its portfolio. Gator Mngmt Limited Co reported 1.77% of its portfolio in Citigroup Inc. (NYSE:C). Waldron Limited Partnership has 6,025 shares for 0.11% of their portfolio. Dynamic Mngmt reported 11,909 shares stake. First Quadrant LP Ca invested in 0.17% or 121,501 shares. Arete Wealth Advsr Ltd Liability Co has invested 0.27% in Citigroup Inc. (NYSE:C).

Since February 27, 2018, it had 0 insider purchases, and 6 selling transactions for $4.97 million activity. 8,010 Citigroup Inc. (NYSE:C) shares with value of $611,804 were sold by Hu W. Bradford. Another trade for 6,466 shares valued at $500,666 was made by Forese James A. on Tuesday, February 27. $542,920 worth of Citigroup Inc. (NYSE:C) shares were sold by Gerspach John C. On Tuesday, February 27 the insider MURRAY JOSEPH MICHAEL sold $263,126. $536,410 worth of Citigroup Inc. (NYSE:C) shares were sold by Callahan Don.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.06, from 1.07 in 2017Q3. It improved, 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. New Mexico Educational Retirement Board invested 0.21% of its portfolio in Duke Energy Corporation (NYSE:DUK). Reynders Mcveigh Capital Mgmt Ltd Company holds 0.03% of its portfolio in Duke Energy Corporation (NYSE:DUK) for 2,732 shares. Amica Pension Fund Board Of Trustees holds 26,782 shares. Cordasco Fincl Networks has invested 0.36% in Duke Energy Corporation (NYSE:DUK). Calamos Wealth Mgmt Ltd Com invested in 0.5% or 45,731 shares. Assetmark has invested 0% of its portfolio in Duke Energy Corporation (NYSE:DUK). Boltwood Cap Mgmt reported 7,545 shares. 92,831 are owned by American National Insurance Tx. Boyer And Corporon Wealth Management Ltd holds 48,648 shares. Klingenstein Fields & Ltd Limited Liability Company, New York-based fund reported 3,846 shares. Kentucky-based Alphamark Advsrs Ltd Liability Corporation has invested 0.05% in Duke Energy Corporation (NYSE:DUK). Heritage Wealth Advsr has invested 0.1% in Duke Energy Corporation (NYSE:DUK). Earnest Prtnrs Ltd Com holds 0.03% of its portfolio in Duke Energy Corporation (NYSE:DUK) for 37,276 shares. Citigroup Incorporated has invested 0.06% in Duke Energy Corporation (NYSE:DUK). London Of Virginia has 1.65 million shares for 1.01% of their portfolio.

Among 20 analysts covering Duke Energy (NYSE:DUK), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. Duke Energy had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 2 by Guggenheim. The firm earned “Market Perform” rating on Tuesday, February 2 by Wells Fargo. As per Thursday, August 3, the company rating was maintained by BMO Capital Markets. SunTrust maintained it with “Hold” rating and $78.0 target in Tuesday, January 16 report. SunTrust maintained the shares of DUK in report on Monday, November 6 with “Hold” rating. The firm has “Hold” rating by SunTrust given on Monday, April 23. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, March 18. The firm has “Buy” rating given on Tuesday, August 18 by Guggenheim. SunTrust maintained Duke Energy Corporation (NYSE:DUK) on Monday, April 16 with “Hold” rating. On Monday, February 26 the stock rating was maintained by SunTrust with “Hold”.

Analysts await Duke Energy Corporation (NYSE:DUK) to report earnings on August, 2. They expect $0.99 EPS, down 1.98% or $0.02 from last year’s $1.01 per share. DUK’s profit will be $694.03M for 18.65 P/E if the $0.99 EPS becomes a reality. After $1.28 actual EPS reported by Duke Energy Corporation for the previous quarter, Wall Street now forecasts -22.66% negative EPS growth.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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