Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity. It also engages in the wholesale of electricity to municipalities, electric cooperative utilities, and load-serving entities. This segment serves approximately 7.9 million retail electric customers in 6 states in the Southeast and Midwest regions of the United States covering a service territory of approximately 91,000 square miles; and owns approximately 50,807 megawatts (MW) of generation capacity. The Gas Utilities and Infrastructure segment distributes natural gas to residential, commercial, industrial, and power generation natural gas customers; and owns, operates, and invests in pipeline transmission and natural gas storage facilities. It has approximately 1.6 million customers, including 1.1 million customers in North Carolina, South Carolina, and Tennessee, as well as 541,000 customers in southwestern Ohio and northern Kentucky. The Commercial Renewables segment acquires, owns, develops, builds, and operates wind and solar renewable generation projects, including nonregulated renewable energy and energy storage services to utilities, electric cooperatives, municipalities, and commercial and industrial customers. It has 21 wind, 150 solar, and 2 battery storage facilities, as well as 11 fuel cell locations with a capacity of 2,282 MW across 19 states. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2005. The company was incorporated in 2005 and is headquartered in Charlotte, North Carolina.
IPO Year:
Exchange: NYSE
Website: duke-energy.com
Date | Price Target | Rating | Analyst |
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9/20/2024 | $138.00 | Buy | Jefferies |
2/12/2024 | $105.00 → $96.00 | Buy → Neutral | BofA Securities |
1/23/2024 | $90.00 → $108.00 | In-line → Outperform | Evercore ISI |
1/10/2024 | $101.00 → $113.00 | Sector Perform → Outperform | RBC Capital Mkts |
11/30/2023 | $94.00 → $103.00 | Equal Weight → Overweight | Wells Fargo |
8/23/2023 | $96.00 | Overweight | Barclays |
6/8/2023 | $99.00 | Neutral | Goldman |
3/17/2023 | Sell → Neutral | Seaport Research Partners | |
11/21/2022 | $91.00 | Neutral → Sell | Seaport Research Partners |
8/5/2022 | $112.00 → $114.00 | Outperform → Neutral | Credit Suisse |
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More than 1 million customers restored in South CarolinaMore than 1.3 million customers restored in North CarolinaSeverity and scale of damage unprecedentedEditor's note: Visit the Duke Energy News Center for storm director videos, downloadable B-roll and high-resolution images. CHARLOTTE, N.C., Oct. 5, 2024 /PRNewswire/ -- Duke Energy restored power to 90% of Carolinas customers able to receive power following Helene and will continue working until all customers are restored. The company says it could be days before it completes restoration work for all customers capable of receiving service, especially in the hardest-hit areas.
Company met, in many cases exceeded, estimated times of restoration for Pinellas County's barrier island customersAs potential storm approaches, crews prepare to respond to any impacts ST. PETERSBURG, Fla., Oct. 5, 2024 /PRNewswire/ -- Today, Duke Energy Florida completed restoration efforts for all customers in Pinellas County's barrier islands who are capable of receiving power after Hurricane Helene – meeting, and in many cases exceeding, estimated times of restoration. Through close collaboration with local municipalities, emergency operations centers and first responders
The company is on track to meet or exceed estimated times of restorationST. PETERSBURG, Fla., Oct. 4, 2024 /PRNewswire/ -- Duke Energy Florida is making substantial progress in Pinellas County's barrier islands, nearing 100% restoration in several communities post-Hurricane Helene. In the remaining barrier island communities, as well as on the mainland, the company is on track to meet or exceed estimated times of restoration – 11:59 p.m. on Friday, Oct. 4 for most and 11:59 p.m. on Saturday, Oct. 5 for some – meaning restoration of storm-related outages for those who are capable of receiving power is nearly complete.
More than 2.16 million customers restored in the Carolinas – approximately 85,000 since 4 p.m. yesterday.334,000 customers are still without service in Upstate South Carolina and mountains of North Carolina.Some left without power may be unable to receive power due to loss or destruction of their homes or businesses.Company is using drones and helicopters to inspect for additional damage, locate equipment in hard-to-reach communities.Editor's note: Visit the Duke Energy News Center for storm director videos, downloadable B-roll and high-resolution images. CHARLOTTE, N.C., Oct. 4, 2024 /PRNewswire/ -- More than 2.16 million customers have been restored in the Carolinas as of 2:30 p.m. About 1
Company working to share updated restoration information with remaining 420,000 customers without power, including those in the hardest-hit communities90% of customer outages in South Carolina and North Carolina will be restored FridayCrews have repaired more than 2 million power outages in the CarolinasEditor's note: Visit the Duke Energy News Center for storm director videos, downloadable B-roll and high-resolution images. CHARLOTTE, N.C., Oct. 3, 2024 /PRNewswire/ -- More than 21,000 workers continue to make progress restoring power to Duke Energy customers in western North Carolina and Upstate South Carolina following Helene's catastrophic damage, though major challenges remain.
The company continues with power restoration in hardest hit areas, including Pinellas County's barrier islandsST. PETERSBURG, Fla., Oct. 3, 2024 /PRNewswire/ -- Duke Energy Florida is here to help customers impacted by Hurricane Helene, offering a variety of resources and information in order to support the recovery process. The company also continues with power restoration in areas hardest hit by the storm, including Pinellas County's barrier islands. Established estimated times of restoration – 11:59 p.m. on Friday, Oct. 4 for most and 11:59 p.m. on Saturday, Oct. 5 for some
Spartanburg, SC self-contained crew staging siteField interviews with lineworkers and engineers working in hardest hit areasB-roll of mobile substation being installed in Asheville, NC areaCHARLOTTE, N.C., Oct. 2, 2024 /PRNewswire/ -- New b-roll and photos of Duke Energy's Helene response are now available. Visit the Duke Energy News Center for downloadable B-roll and high-resolution images. More information on Duke Energy's power restoration efforts and more is available at duke-energy.com/outages. Duke EnergyDuke Energy (NYSE:DUK), a Fortune 150 company headquartered in Char
ST. PETERSBURG, Fla., Oct. 2, 2024 /PRNewswire/ -- Duke Energy Florida has issued estimated times of restoration for Pinellas County's barrier islands following Hurricane Helene. All customers in these communities who are capable of receiving power will be restored by 11:59 p.m. on Saturday, Oct. 5, with the majority restored by 11:59 p.m. on Friday, Oct. 4. (Click here for video footage of restoration efforts.) "We understand that having power is necessary for our customers to be able to rebuild and get back on their feet," said Melissa Seixas, Duke Energy Florida state presi
A total of 15 local nonprofit organizations received disaster reliefST. PETERSBURG, Fla., Oct. 2, 2024 /PRNewswire/ -- Duke Energy Foundation announced $350,000 in donations to statewide and local nonprofit organizations that serve areas impacted by Hurricane Helene. In collaboration with local leaders, organizations were identified that can get supplies and support to those who need it most. "We are committed to rebuilding together and restoring the vitality of the communities we serve," said Melissa Seixas, Duke Energy Florida state president. "It's a privilege to support ou
CHARLOTTE, N.C., Oct. 1, 2024 /PRNewswire/ -- Duke Energy's round-the-clock power restoration efforts continue following the historic damage caused by Helene in the Carolinas. Lineworkers – with the support of tree trimmers, state department of transportation workers and countless others – continue to restore power to hundreds of thousands of customers each day. "We've never seen such widespread devastation and destruction as we're seeing in this region," said Jason Hollifield, Duke Energy storm director for the Carolinas. "We appreciate our local and state government partners
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Keybanc analyst Sophie Karp maintains Duke Energy (NYSE:DUK) with a Overweight and raises the price target from $112 to $114.
BMO Capital analyst James Thalacker maintains Duke Energy (NYSE:DUK) with a Outperform and raises the price target from $109 to $112.
Duke Energy (NYSE: DUK) today declared a quarterly cash dividend on its common stock of $1.045 per share, an increase of $0.02. This dividend is payable on Sept. 16, 2024, to shareholders of record at the close of business on Aug. 16, 2024. The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on Sept. 16, 2024, to shareholders of record at the close of business Aug. 16, 2024. This is equivalent to $0.359375 per depositary share.In addition, the company declared a semiannual cash dividend on its Series B preferred stock of $24.375 per share payable on Sept. 16, 2024, to shareholders of record at the close of business Aug. 16, 2024.D
Barclays analyst Nicholas Campanella maintains Duke Energy (NYSE:DUK) with a Overweight and raises the price target from $99 to $102.
BMO Capital analyst James Thalacker maintains Duke Energy (NYSE:DUK) with a Outperform and lowers the price target from $110 to $109.
https://www.ncdps.gov/news/press-releases/2024/07/08/there-no-emergency-harris-nuclear-plant
Duke Energy's (NYSE:DUK) short percent of float has fallen 6.52% since its last report. The company recently reported that it has 9.91 million shares sold short, which is 1.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.88 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Big Tech’s race toward developing artificial intelligence (AI) has devastating, although possibly preventable, effects on the environment. For example, Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) unveiling of Google AI Overviews. The automatically enabled feature eats up an estimated three watt-hours of electricity per search. That’s 10 times the power consumption of a traditional Google search. Additionally, AI facilities and data centers use substantial water to cool their servers and could consume 25% of U.S. power by 2030. Demand for data center power is projected to more than double by 2030, largely due to AI. Although demand is substantial, energy providers are having diff
Morgan Stanley analyst Stephen Byrd maintains Duke Energy (NYSE:DUK) with a Equal-Weight and lowers the price target from $103 to $98.
Jefferies initiated coverage of Duke Energy with a rating of Buy and set a new price target of $138.00
BofA Securities downgraded Duke Energy from Buy to Neutral and set a new price target of $96.00 from $105.00 previously
Evercore ISI upgraded Duke Energy from In-line to Outperform and set a new price target of $108.00 from $90.00 previously
RBC Capital Mkts upgraded Duke Energy from Sector Perform to Outperform and set a new price target of $113.00 from $101.00 previously
Wells Fargo upgraded Duke Energy from Equal Weight to Overweight and set a new price target of $103.00 from $94.00 previously
Barclays initiated coverage of Duke Energy with a rating of Overweight and set a new price target of $96.00
Goldman initiated coverage of Duke Energy with a rating of Neutral and set a new price target of $99.00
Seaport Research Partners upgraded Duke Energy from Sell to Neutral
Seaport Research Partners downgraded Duke Energy from Neutral to Sell and set a new price target of $91.00
Credit Suisse downgraded Duke Energy from Outperform to Neutral and set a new price target of $114.00 from $112.00 previously
CHARLOTTE, N.C., July 15, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) today declared a quarterly cash dividend on its common stock of $1.045 per share, an increase of $0.02. This dividend is payable on Sept. 16, 2024, to shareholders of record at the close of business on Aug. 16, 2024. The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on Sept. 16, 2024, to shareholders of record at the close of business Aug. 16, 2024. This is equivalent to $0.359375 per depositary share. In addition, the company declared a semian
CHARLOTTE, N.C., May 9, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) today declared a quarterly cash dividend on its common stock of $1.025 per share. This dividend is payable on June 17, 2024, to shareholders of record at the close of business on May 17, 2024. The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on June 17, 2024, to shareholders of record at the close of business May 17, 2024. This is equivalent to $0.359375 per depositary share. Duke Energy has paid a cash dividend on its common stock for 98 consec
CHARLOTTE, N.C., April 11, 2024 /PRNewswire/ -- Duke Energy will post its first-quarter 2024 financial results at 7 a.m. ET on Tuesday, May 7 on the company's website at duke-energy.com/investors. An earnings conference call for analysts is scheduled at 10 a.m. ET that day to discuss the first-quarter 2024 results and other business and financial updates. The conference call will be hosted by Lynn Good, chair and chief executive officer, Harry Sideris, president, and Brian Savoy, executive vice president and chief financial officer. The call can be accessed via the investors'
Oshkosh Corporation (NYSE:OSK), a leading innovator of purpose-built vehicles and equipment, today announced that its Board of Directors will nominate Annette Clayton, chairwoman and former president and chief executive officer of Schneider Electric North America, for election to the Oshkosh Board at the Company's 2024 Annual Meeting of Shareholders. "The Oshkosh Board is pleased to nominate Annette, a proven chief executive in the industrial, energy management and technology sectors, for election to our Board," said Stephen D. Newlin, chairman of the board of Oshkosh. "Annette will bring valuable insights and considerable, relevant expertise to the Board as Oshkosh continues to execute i
Filing to include smart investments in innovative technologies to increase efficiency, reduce outages, while generating customer savingsBuilding 14 new solar sites, adding 1,050 megawatts of clean energyExpiring fuel and storm recovery costs lower overall customer bills in 2025 ST. PETERSBURG, Fla., Jan. 31, 2024 /PRNewswire/ -- Today, Duke Energy Florida notified the Florida Public Service Commission (FPSC) of its intent to file a rate case in April that proposes investments to increase generation unit efficiency, reduce outages and expand solar generation as part of increased base rates taking effect in January 2025.
CHARLOTTE, N.C., Jan. 11, 2024 /PRNewswire/ -- Duke Energy (NYSE:DUK) today declared a quarterly cash dividend on its common stock of $1.025 per share. This dividend is payable on March 18, 2024, to shareholders of record at the close of business on Feb.16, 2024. The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on March 18, 2024, to shareholders of record at the close of business Feb.16, 2024. This is equivalent to $0.359375 per depositary share. In addition, the company declared a semiannual cash dividend on its
CHARLOTTE, N.C., Jan. 10, 2024 /PRNewswire/ -- Duke Energy will post its fourth-quarter and year-end 2023 financial results at 7 a.m. ET on Thursday, Feb. 8 on the company's website at duke-energy.com/investors. An earnings conference call for analysts is scheduled at 10 a.m. ET that day to discuss the fourth-quarter and year-end 2023 financial results and other business and financial updates. The conference call will be hosted by Lynn Good, chair, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer. The call can be acce
CHARLOTTE, N.C., Oct. 10, 2023 /PRNewswire/ -- Duke Energy will post its third-quarter 2023 financial results at 7 a.m. ET on Thursday, Nov. 2 on the company's website at duke-energy.com/investors. An earnings conference call for analysts is scheduled at 10 a.m. ET that day to discuss the third-quarter 2023 financial results and other business and financial updates. The conference call will be hosted by Lynn Good, chair, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer. The call can be accessed via the investors' sect
CHARLOTTE, N.C., Oct. 4, 2023 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced it has completed the sale of its commercial distributed generation portfolio to an investment fund managed by ArcLight Capital Partners, LLC (collectively, "ArcLight"), a leading middle market infrastructure investment firm. The sale agreement, which was previously announced on July 5, 2023, includes REC Solar's operating assets, development pipeline and O&M portfolio, as well as distributed fuel cell projects managed by Bloom Energy. ArcLight's acquisition of the distributed generation busine
Company increases quarterly dividend payment for common stockCHARLOTTE, N.C., July 13, 2023 /PRNewswire/ -- Duke Energy (NYSE: DUK) today declared a quarterly cash dividend on its common stock of $1.025 per share, an increase of $0.02. This dividend is payable on Sept.18, 2023, to shareholders of record at the close of business on Aug.18, 2023. The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share, payable on Sept.18, 2023, to shareholders of record at close of business on Aug.18, 2023. This is equivalent of $0.359375 per dep
Company working to share updated restoration information with remaining 420,000 customers without power, including those in the hardest-hit communities90% of customer outages in South Carolina and North Carolina will be restored FridayCrews have repaired more than 2 million power outages in the CarolinasEditor's note: Visit the Duke Energy News Center for storm director videos, downloadable B-roll and high-resolution images. CHARLOTTE, N.C., Oct. 3, 2024 /PRNewswire/ -- More than 21,000 workers continue to make progress restoring power to Duke Energy customers in western North Carolina and Upstate South Carolina following Helene's catastrophic damage, though major challenges remain.
Midwest Lineman's Rodeo tests job skills critical to power delivery and restorationInternational rodeo competition featuring the world's top lineworkers to be held Oct. 19 in Bonner Springs, Kan.PLAINFIELD, Ind., April 29, 2024 /PRNewswire/ -- At a competition powered by skill and packed with competitors, 15 Duke Energy lineworkers secured spots over the weekend to compete among the most elite lineworkers in the world this fall at the International Lineman's Rodeo. Duke Energy's Midwest Lineman's Rodeo in Plainfield was one of three regional lineman's rodeos taking place this
Regional Lineman's Rodeo events test job skills critical to power delivery and restorationInternational rodeo competition featuring the world's top lineworkers to be held Oct. 19 in Bonner Springs, Kan.NEW HILL, N.C., March 26, 2024 /PRNewswire/ -- At a competition powered by skill and packed with competitors, 30 Duke Energy lineworkers secured spots over the weekend to compete among the most elite lineworkers in the world this fall at the International Lineman's Rodeo. Duke Energy's Carolinas Lineman's Rodeo in New Hill was one of three regional Lineman's Rodeos taking place
Starboard Value LP (together with its affiliates, "Starboard" or "we") is the largest shareholder of Algonquin Power & Utilities Corp. (NYSE:AQN) (TSE: AQN) ("Algonquin" or the "Company") with an ownership stake of approximately 9.0%. Today, Starboard announced that it has nominated three highly qualified candidates (the "Starboard Nominees") for election to the Company's Board of Directors (the "Board") at the 2024 Annual General Meeting of Shareholders (the "Annual Meeting"), which has been scheduled for June 4, 2024. The Starboard Nominees are Brett Carter, Chris Lopez and Rob Schriesheim. In connection with its nominations, Starboard sent the below letter to the members of the Board.
Sideris to report to Lynn Good, Chair and CEOSteve Young, EVP and Chief Commercial Officer, to retire after a 40-plus year careerBonnie Titone, Sasha Weintraub and Scott Batson to join company's senior management committeeCHARLOTTE, N.C., March 15, 2024 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced a set of executive leadership appointments, including the promotion of Harry Sideris to president of Duke Energy, effective April 1. Lynn Good remains Duke Energy's chair and CEO, as she continues to lead one of the nation's largest clean energy transitions through a strategy committed to reliability and affordability for its customers.
CHARLOTTE, N.C., Feb. 24, 2022 /PRNewswire/ -- Duke Energy's board of directors today announced the appointment of Derrick Burks – a former managing partner at global professional services company EY (Ernst & Young) – as a new board member, effective March 1. Burks served as the managing partner at EY's Indianapolis office before retiring in 2017. Under his leadership, EY was the market leader for assurance, tax and advisory services in Indiana. Burks joined EY in 2002 and was promoted to managing partner in 2004. Prior to joining EY, Burks worked at the Indianapolis office of
CHARLOTTE, N.C., Nov. 15, 2021 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced that it has entered into a cooperation agreement with Elliott Investment Management L.P. (together with its affiliates, collectively "Elliott") after several months of constructive dialogue. The agreement provides for the appointment of two new independent directors to Duke Energy's board of directors and is consistent with Duke's focus on enhancing shareholder value. Idalene (Idie) Kesner, 63, Dean of Indiana University's Kelley School of Business, an executive with strong leadership experi
CHARLOTTE, N.C., Sept. 30, 2021 /PRNewswire/ -- Duke Energy today named Cameron McDonald chief diversity and inclusion officer and vice president, talent agility and acquisition. The appointment is effective Nov. 1, 2021. McDonald is currently Duke Energy's vice president, human resources, where she leads the company's talent acquisition, workforce agility and HR business partner functions. She will succeed Joni Davis, who is retiring following a 34-year career with the company. McDonald will report to Ron Reising, chief human resources officer. "Cameron has broad experien