Insigneo Advisory Services LLC Purchases 454 Shares of Duke Energy Co. (NYSE:DUK)

Insigneo Advisory Services LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,949 shares of the utilities provider’s stock after buying an additional 454 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Duke Energy were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DUK. Parkworth Wealth Management Inc. acquired a new stake in shares of Duke Energy during the fourth quarter worth $28,000. WealthTrak Capital Management LLC acquired a new stake in Duke Energy in the 4th quarter worth about $30,000. Sierra Ocean LLC acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. increased its holdings in shares of Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 270 shares during the period. Finally, CGC Financial Services LLC boosted its stake in shares of Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after buying an additional 242 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

NYSE DUK opened at $120.45 on Thursday. The company has a market capitalization of $93.59 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a twelve month low of $93.20 and a twelve month high of $125.27. The stock has a fifty day simple moving average of $117.34 and a 200 day simple moving average of $114.01. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Sell-side analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley raised their price objective on Duke Energy from $123.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Jefferies Financial Group upped their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. UBS Group raised their target price on shares of Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, March 21st. BMO Capital Markets decreased their price objective on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Finally, Barclays upped their target price on Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.87.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.