Duke Energy Corp (DUK): Are Hedge Funds Right About This Stock?

Page 1 of 2

Duke Energy Corp (NYSE:DUK) has experienced a decrease in support from the world’s most elite money managers recently.

To the average investor, there are a multitude of methods market participants can use to track Mr. Market. A pair of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite investment managers can trounce the market by a solid amount (see just how much).

Duke Energy Corp (NYSE:DUK)Just as key, bullish insider trading sentiment is a second way to break down the stock market universe. As the old adage goes: there are many motivations for an upper level exec to sell shares of his or her company, but just one, very simple reason why they would buy. Various academic studies have demonstrated the market-beating potential of this strategy if “monkeys” know where to look (learn more here).

With these “truths” under our belt, we’re going to take a look at the recent action surrounding Duke Energy Corp (NYSE:DUK).

What does the smart money think about Duke Energy Corp (NYSE:DUK)?

At the end of the first quarter, a total of 18 of the hedge funds we track were bullish in this stock, a change of -14% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were boosting their stakes significantly.

When looking at the hedgies we track, Cliff Asness’s AQR Capital Management had the largest position in Duke Energy Corp (NYSE:DUK), worth close to $43.5 million, comprising 0.2% of its total 13F portfolio. Sitting at the No. 2 spot is Seminole Capital (Investment Mgmt), managed by Michael Messner, which held a $39.6 million position; the fund has 1.9% of its 13F portfolio invested in the stock. Some other hedgies that are bullish include Sean Cullinan’s Point State Capital, David Harding’s Winton Capital Management and Daniel S. Och’s OZ Management.

Since Duke Energy Corp (NYSE:DUK) has witnessed bearish sentiment from hedge fund managers, it’s easy to see that there was a specific group of funds that slashed their positions entirely at the end of the first quarter. Intriguingly, Jean-Marie Eveillard’s First Eagle Investment Management sold off the biggest investment of the 450+ funds we track, totaling close to $121.3 million in stock.. Stanley Druckenmiller’s fund, Duquesne Capital, also said goodbye to its stock, about $25.6 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by 3 funds at the end of the first quarter.

What have insiders been doing with Duke Energy Corp (NYSE:DUK)?

Bullish insider trading is most useful when the company we’re looking at has seen transactions within the past 180 days. Over the latest 180-day time period, Duke Energy Corp (NYSE:DUK) has seen 1 unique insiders buying, and 7 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Duke Energy Corp (NYSE:DUK). These stocks are PG&E Corporation (NYSE:PCG), American Electric Power Company, Inc. (NYSE:AEP), NextEra Energy, Inc. (NYSE:NEE), Dominion Resources, Inc. (NYSE:D), and The Southern Company (NYSE:SO). This group of stocks are in the electric utilities industry and their market caps are similar to DUK’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!