Hexagon Capital Partners LLC Has $831,000 Holdings in Duke Energy Co. (NYSE:DUK)

Hexagon Capital Partners LLC grew its holdings in Duke Energy Co. (NYSE:DUK) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,560 shares of the utilities provider’s stock after purchasing an additional 1,053 shares during the period. Hexagon Capital Partners LLC’s holdings in Duke Energy were worth $831,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FSC Wealth Advisors LLC bought a new position in shares of Duke Energy in the third quarter valued at $29,000. Legacy Financial Group LLC bought a new position in shares of Duke Energy in the third quarter valued at $45,000. Fortis Group Advisors LLC bought a new position in shares of Duke Energy in the third quarter valued at $50,000. Bruce G. Allen Investments LLC bought a new position in shares of Duke Energy in the fourth quarter valued at $71,000. Finally, PFS Partners LLC grew its stake in shares of Duke Energy by 145.0% in the fourth quarter. PFS Partners LLC now owns 735 shares of the utilities provider’s stock valued at $71,000 after buying an additional 435 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the sale, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DUK. Scotiabank reduced their price objective on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Mizuho lifted their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. BMO Capital Markets reduced their price objective on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Bank of America lifted their target price on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy has an average rating of “Hold” and a consensus target price of $100.62.

Duke Energy Price Performance

NYSE DUK traded down $0.47 during trading on Tuesday, hitting $98.26. 2,488,660 shares of the company’s stock were exchanged, compared to its average volume of 2,968,449. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The company has a market cap of $75.80 billion, a PE ratio of 27.68, a P/E/G ratio of 2.60 and a beta of 0.46. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.13. The stock’s 50 day moving average price is $95.10 and its two-hundred day moving average price is $93.94.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 EPS. Research analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Profile

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.