John Romei ’20 pitched Duke Energy Corporation (DUK) to the Student Managed Investment Fund on February 3, 2020. Duke Energy provides electricity generation and distribution to 7.7 million customers and natural gas to over 1.6 million. Duke Energy operates primarily in 6 states in the Southeast and Midwest regions of The US. Since its inception in 1904, Duke Energy has provided utility services to the region driving economic and population growth, now shifting towards lower-emissions and renewable energy services. Management expects to continue steady growth to its high dividend payments and the company’s $37 Billion growth capital plan presents strong top line growth potential. The class voted to by 325 shares of Duke Energy and sell out entirely of the S&P 500 Utilities ETF SPDR (XLU) position of 235 shares. The remaining shares were purchased out of the portfolio’s money market holdings.