Syon Capital LLC Acquires Shares of 4,077 Duke Energy Co. (NYSE:DUK)

Syon Capital LLC bought a new position in shares of Duke Energy Co. (NYSE:DUK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,077 shares of the utilities provider’s stock, valued at approximately $396,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FSC Wealth Advisors LLC purchased a new stake in shares of Duke Energy in the third quarter valued at about $29,000. Legacy Financial Group LLC purchased a new stake in Duke Energy during the 3rd quarter valued at approximately $45,000. Fortis Group Advisors LLC acquired a new stake in Duke Energy during the 3rd quarter worth approximately $50,000. GHP Investment Advisors Inc. grew its stake in shares of Duke Energy by 49.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 188 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Duke Energy in the fourth quarter valued at approximately $71,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 1.3 %

NYSE:DUK opened at $97.71 on Friday. The company has a market cap of $75.38 billion, a PE ratio of 27.52, a P/E/G ratio of 2.63 and a beta of 0.46. The business’s 50 day moving average is $94.84 and its two-hundred day moving average is $93.74. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $100.13.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.11 earnings per share. On average, analysts predict that Duke Energy Co. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Wells Fargo & Company decreased their price objective on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, Mizuho increased their target price on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $100.62.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.