Fifth Third Bancorp Acquires 59,837 Shares of Duke Energy Corporation $DUK

Fifth Third Bancorp increased its holdings in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 14.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 466,142 shares of the utilities provider’s stock after purchasing an additional 59,837 shares during the period. Fifth Third Bancorp’s holdings in Duke Energy were worth $57,685,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Pflug Koory LLC boosted its position in Duke Energy by 3.0% during the 3rd quarter. Pflug Koory LLC now owns 2,694 shares of the utilities provider’s stock valued at $333,000 after acquiring an additional 79 shares in the last quarter. WealthShield Partners LLC lifted its stake in shares of Duke Energy by 0.3% during the 2nd quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock worth $3,003,000 after purchasing an additional 80 shares during the last quarter. Cypress Wealth Services LLC boosted its position in Duke Energy by 1.7% during the third quarter. Cypress Wealth Services LLC now owns 5,048 shares of the utilities provider’s stock valued at $625,000 after purchasing an additional 82 shares in the last quarter. EWA LLC grew its stake in Duke Energy by 3.9% in the third quarter. EWA LLC now owns 2,203 shares of the utilities provider’s stock valued at $273,000 after purchasing an additional 82 shares during the last quarter. Finally, Blossom Wealth Management raised its holdings in Duke Energy by 3.5% in the third quarter. Blossom Wealth Management now owns 2,530 shares of the utilities provider’s stock worth $313,000 after purchasing an additional 85 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

Shares of DUK opened at $128.14 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.33 and a current ratio of 0.55. The stock has a 50-day moving average of $118.67 and a two-hundred day moving average of $121.82. The stock has a market cap of $99.65 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.78 and a beta of 0.51. Duke Energy Corporation has a one year low of $110.51 and a one year high of $130.03.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.01. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.The firm had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.57 billion. During the same period last year, the business posted $1.66 earnings per share. Duke Energy has set its FY 2026 guidance at 6.550-6.800 EPS. As a group, research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, February 13th. Duke Energy’s dividend payout ratio is 67.41%.

Insiders Place Their Bets

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of Duke Energy stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the transaction, the executive vice president owned 11,367 shares in the company, valued at approximately $1,407,234.60. This trade represents a 41.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the completion of the transaction, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at approximately $2,809,633.69. This trade represents a 23.61% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is owned by corporate insiders.

Trending Headlines about Duke Energy

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Analyst Ratings Changes

A number of research analysts have recently issued reports on DUK shares. Mizuho set a $130.00 price objective on shares of Duke Energy in a research report on Tuesday, February 10th. Wells Fargo & Company cut their price target on shares of Duke Energy from $126.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating and issued a $136.00 price objective on shares of Duke Energy in a research report on Wednesday. Finally, Barclays dropped their target price on Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.19.

Read Our Latest Report on Duke Energy

Duke Energy Profile

(Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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