Fifth Third Bancorp increased its stake in Duke Energy Corporation by 14.7% during the third quarter, now owning 466,142 shares valued at approximately $57.7 million. Institutional investors collectively hold about 65.31% of Duke Energy’s stock. The utility provider recently beat quarterly earnings and revenue expectations, and analysts largely maintain a “Moderate Buy” rating despite some insider stock sales.
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Fifth Third Bancorp Boosts Stake in Duke Energy Corporation $DUK
Fifth Third Bancorp increased its stake in Duke Energy Corporation by 14.7% during the third quarter, now owning 466,142 shares valued at approximately $57.7 million. Institutional investors collectively hold about 65.31% of Duke Energy’s stock. The utility provider recently beat quarterly earnings and revenue expectations, and analysts largely maintain a “Moderate Buy” rating despite some insider stock sales.