This article first appeared on GuruFocus.
On Tuesday, 26 ETFs were buying Duke Energy (DUK) shares versus 10 selling, yet the net dollar value came out negative at $43.7 million, meaning more funds traded the other way but in smaller amounts. ETF activity followed a $51.5 million net inflow on Nov. 9 and a $0.1 million net gain on Nov. 6. The selling came after a $37.9 million net outflow on Nov. 5 and a $2.3 million net inflow on Nov. 4, leaving the stock with a one-day same-direction streak.
For the full record of ETF and guru buying and selling in DUK, see the DUK guru trades page.
Which ETFs sold DUK on Tuesday?
The largest sellers by dollar value were XLU ($49.4 million), IVV ($0.5 million) and IDU ($0.3 million). In all, 26 ETFs added shares and 10 cut them.
The Utilities Select Sector SPDR Fund (XLU) drove the move, cutting 382,844 shares for a $49.4 million reduction, a 2.77% stake change at a 7.33% portfolio weight. iShares Core S&P 500 (IVV) trimmed 4,077 shares for $0.5 million, while iShares U.S. Utilities (IDU) shed 2,688 shares for $0.3 million and iShares MSCI USA Min Vol Factor (USMV) cut 2,278 shares for $0.3 million. Duke Energy sits in the Utilities sector, in the Utilities – Regulated Electric industry, with a market cap of $100.4 billion.
Have ETFs been buying or selling DUK lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does DUK do?
Duke Energy is one of America’s largest regulated utility companies, providing electricity to 8.6 million customers and natural gas to 1.7 million across the Carolinas, Florida, Indiana, Ohio, Kentucky, and Tennessee.
Duke Energy reported trailing-12-month revenue of $33.81 billion, up 6.4% year over year, with a gross margin of 32.1% and a net margin of 15.9%. The stock trades at a P/E of 18.81, P/B of 1.85 and P/S of 2.97, against a market cap of $100.4 billion. Its GF Score is 73, GF Value is $126.73 versus a price of $128.77, and the dividend yield is 3.56% with a year-to-date return of 12.74%.
DUK at a glance
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
