MONECO Advisors LLC Has $4.13 Million Holdings in Duke Energy Co. (NYSE:DUK)

MONECO Advisors LLC lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,310 shares of the utilities provider’s stock after purchasing an additional 817 shares during the period. MONECO Advisors LLC’s holdings in Duke Energy were worth $4,128,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of Duke Energy during the third quarter worth $29,000. Sierra Ocean LLC acquired a new position in shares of Duke Energy during the fourth quarter worth $31,000. CGC Financial Services LLC lifted its holdings in shares of Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 242 shares during the period. Winch Advisory Services LLC lifted its holdings in Duke Energy by 332.9% in the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after buying an additional 243 shares during the period. Finally, Centricity Wealth Management LLC acquired a new position in Duke Energy in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DUK shares. Jefferies Financial Group boosted their target price on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday. Scotiabank boosted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley dropped their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets boosted their target price on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.62.

Duke Energy Trading Up 2.1 %

NYSE:DUK opened at $115.58 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The firm has a 50-day moving average of $110.10 and a 200-day moving average of $113.01. The company has a market cap of $89.28 billion, a PE ratio of 20.24, a PEG ratio of 2.79 and a beta of 0.50. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. As a group, equities research analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is presently 73.20%.

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.