U.S. Markets close in 2 hrs 47 mins

How Institutional Investors Played Duke Energy in Q2 2018

Vincent Kruger
How Institutional Investors Played Duke Energy in Q2 2018

In the second quarter, the Vanguard Group was the largest institutional investor in the country’s biggest regulated utility, Duke Energy (DUK). The Vanguard Group raised its stake by ~0.8 million shares in the North Carolina–based utility, which was the second-largest utility by market cap. On June 30, it held 52.9 million shares of DUK stock, which was a 7.4% stake in the utility.