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Duke Energy: Who Added Big Positions in Q4?

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Duke Energy

Most of the top institutional investors increased their existing holdings in Duke Energy (DUK)—the largest regulated utility in the country. The Vanguard Group was the largest institutional investor in Duke Energy at the end of the fourth quarter. The Vanguard Group increased its stake by adding more than net 2.0 million shares of Duke Energy. According to the latest 13F filing, the Vanguard Group held 56.5 million shares of Duke Energy stock, which was a 7.9% stake in the utility as of December 31. In the third quarter, the Vanguard Group added 1.5 million shares of Duke Energy.

DUK

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Institutional activity

BlackRock Institutional Trust added ~2.0 million shares of Duke Energy and raised its stake to ~5.1% as of December 31. During the third quarter, BlackRock added net ~0.8 million shares of Duke Energy. T. Rowe Price added net ~8.7 million shares in Duke Energy during the fourth quarter. T. Rowe Price held a 2.5% stake at the end of the fourth quarter. T. Rowe Price seemed notably positive on Duke Energy. In the third quarter, T. Rowe Price added ~8 million shares of Duke Energy.

Renaissance Technologies added net ~2.2 million shares and held 1.15% of Duke Energy’s total outstanding shares at the end of the fourth quarter. In the third quarter, Renaissance Technologies bought ~2.0 million shares of Duke Energy.

Duke Energy is one of the more stable stocks among utilities (IDU). Duke Energy’s almost entirely regulated operations support earnings stability and predictability, which also bodes well for stable dividends. Currently, Duke Energy is trading at a dividend yield of 4.2%, which is higher than broader utilities’ (XLU) average yield of 3.3%.

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