Fifth Third Bancorp Has $95.05 Million Stake in Duke Energy Corporation $DUK

Fifth Third Bancorp grew its holdings in Duke Energy Corporation (NYSE:DUK) by 51.5% in the 1st quarter, Holdings Channel reports. The fund owned 725,882 shares of the utilities provider’s stock after purchasing an additional 246,598 shares during the quarter. Fifth Third Bancorp’s holdings in Duke Energy were worth $95,047,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DUK. Basso Capital Management L.P. bought a new stake in Duke Energy during the 4th quarter worth approximately $25,000. Dorato Capital Management bought a new position in Duke Energy in the fourth quarter valued at approximately $26,000. Evolution Wealth Management Inc. boosted its holdings in shares of Duke Energy by 1,111.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Duke Energy in the third quarter valued at approximately $27,000. Finally, Triumph Capital Management increased its position in shares of Duke Energy by 68.6% during the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.2%

Duke Energy stock traded up $0.21 during mid-day trading on Friday, reaching $125.47. The company’s stock had a trading volume of 2,801,060 shares, compared to its average volume of 3,706,513. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. Duke Energy Corporation has a 12 month low of $113.89 and a 12 month high of $134.49. The business’s 50 day simple moving average is $124.95 and its 200 day simple moving average is $125.12. The company has a market capitalization of $97.81 billion, a price-to-earnings ratio of 19.21 and a beta of 0.38.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 EPS. As a group, research analysts anticipate that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Friday, May 15th were given a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s dividend payout ratio is 65.24%.

Trending Headlines about Duke Energy

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy Florida said it will deliver $50 million in customer savings and avoid a planned 2027 base rate increase by accelerating the return of tax credits tied to its battery storage system, reinforcing the company’s ability to manage rates and support customers. Duke Energy Florida delivers $50 million in customer savings, avoids 2027 base rate increase through innovative tax strategy
• Positive Sentiment: Multiple market write-ups highlighted Duke Energy as a stable, cash-generating utility with solid sales growth, favorable valuation metrics, and stronger revenue consistency than some peers, which can support investor confidence in the stock. Invest in These 3 Sales Growth Stocks for Robust Returns
• Positive Sentiment: Coverage comparing Duke Energy with other utilities suggested the company has held up well versus the sector this year, underscoring its defensive appeal relative to peers. Has Duke Energy (DUK) Outpaced Other Utilities Stocks This Year?
• Neutral Sentiment: Articles about Duke Energy’s customer bill assistance and free home inspections are favorable from a public-relations standpoint, but they are unlikely to materially affect near-term earnings or valuation. Duke Energy to provide credit assistance for customers
• Neutral Sentiment: Broader industry reporting on surging data-center power demand and equipment shortages could eventually benefit utilities like Duke Energy through higher load growth, but it also signals higher costs and longer lead times, making the near-term impact mixed. US power companies scramble to secure equipment as surging data center demand strains supplies
• Negative Sentiment: Duke Energy is still facing regulatory pushback in North Carolina after reducing its requested residential rate hike, which keeps pressure on the company’s ability to win approval for higher rates. Duke reduces rate hike request, still faces regulator pushback

Analysts Set New Price Targets

Several equities research analysts recently commented on DUK shares. Barclays cut their price objective on shares of Duke Energy from $143.00 to $134.00 and set an “overweight” rating on the stock in a research report on Thursday, June 18th. Wall Street Zen upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Mizuho cut their price target on Duke Energy from $139.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Morgan Stanley upped their price objective on Duke Energy from $132.00 to $136.00 in a research report on Wednesday, June 24th. Finally, BMO Capital Markets decreased their price objective on Duke Energy from $139.00 to $138.00 in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $138.33.

Insider Buying and Selling

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the transaction, the chief executive officer owned 21,415 shares of the company’s stock, valued at $2,680,087.25. The trade was a 14.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the sale, the chief executive officer owned 96,102 shares in the company, valued at approximately $11,952,205.74. This represents a 17.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by company insiders.

Duke Energy Company Profile

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.