ETFs Are Net Sellers of Duke Energy (DUK) on Oct. 21
This article first appeared on GuruFocus.
ETF flows have leaned toward selling Duke Energy (DUK) for a second straight session, with the stock now down a net $51.4 million on Wednesday, Oct. 21. More funds traded the other way, with 17 ETFs buying versus 11 selling, but the sellers moved larger amounts. The two-day streak follows a modest net inflow of $2.2 million on Oct. 19 and net outflows of $13.8 million on Oct. 16 and $17.7 million on Oct. 15.
For the full record of ETF and guru buying and selling in DUK, see the DUK guru trades page.
Which ETFs sold DUK on Wednesday?
The largest sellers by dollar value were XLU ($50.2 million), IVV ($1.7 million) and SPY ($0.4 million). In all, 17 ETFs added shares and 11 cut them.
The Utilities Select Sector SPDR Fund (XLU) drove the move, cutting 416,070 shares for a $50.2 million reduction, a 2.91% drop in its stake at a 7.13% portfolio weight. iShares Core S&P 500 ETF (IVV) trimmed 14,464 shares for $1.7 million, while SPDR S&P 500 ETF Trust (SPY) shed 3,157 shares for $0.4 million and Invesco S&P 500 Low Volatility ETF (SPLV) cut 2,340 shares for $0.3 million. Duke Energy is a regulated electric utility in the Utilities sector with a market cap of $97.8 billion.
Have ETFs been buying or selling DUK lately?
Over the last 5 reported days, ETFs were net buyers on 1 and net sellers on 4, so the recent trend is mostly selling.
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 $33.25 billion, up 5.9% year over year, with a gross margin of 31.4% and a net margin of 15.8%. The stock trades at a P/E of 18.81, a P/B of 1.82 and a P/S of 2.94, with a market cap of $97.8 billion. Its GF Score is 72, GF Value is $125.25 versus a price of $125.40, the dividend yield is 3.55% and the year-to-date return is 9.79%.