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 |
|---|---|---|---|
| 6/25/2025 | $132.00 | Neutral → Buy | Goldman |
| 6/13/2025 | Mkt Perform | Raymond James | |
| 10/22/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 10/15/2024 | $116.00 → $121.00 | Neutral → Outperform | Mizuho |
| 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 |
144 - Duke Energy CORP (0001326160) (Subject)
10-Q - Duke Energy CORP (0001326160) (Filer)
8-K - Duke Energy CORP (0001326160) (Filer)
8-K - Duke Energy CORP (0001326160) (Filer)
8-K - Duke Energy CORP (0001326160) (Filer)
11-K - Duke Energy CORP (0001326160) (Filer)
10-Q - Duke Energy CORP (0001326160) (Filer)
8-K - Duke Energy CORP (0001326160) (Filer)
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Grants will fund programs focused on protecting and improving natural environments, biodiversity and community resilienceFunds will benefit 19 environmental impact programs, including conservation groups and community-led initiativesOver $6.6 million in environmental impact grants have been awarded over the past five yearsCHARLOTTE, N.C., Aug. 18, 2025 /PRNewswire/ -- Duke Energy today announced $550,000 in grants for environmental impact programs in North Carolina. The funding will support a variety of projects aimed at enhancing and preserving the state's natural surroundings.
For more than three decades, the pumped storage hydro station in South Carolina has performed a vital role as the largest "battery" on the company's systemEffort supports the intent of South Carolina leaders to address growth by continuing to operate proven electricity capacity in the stateGREENVILLE, S.C., Aug. 15, 2025 /PRNewswire/ -- Duke Energy has announced its submission of the final license application to the Federal Energy Regulatory Commission (FERC) for the Bad Creek Pumped Storage Hydroelectric Station, located near Salem, S.C. The application, if approved, would extend the plant's operations for an additional 50 years.
Filed today for approval with state and federal regulators, operating as one utility could save customers even more than the $1 billion in cost savings already achieved since 2012If approved, no bill or service changes would occur to retail rates before 2027 due to the combinationCHARLOTTE, N.C., Aug. 14, 2025 /PRNewswire/ -- Today, Duke Energy asked state and federal regulators for permission to combine its two electric utilities in the Carolinas. Planned for years, the combination is projected to result in billions of dollars in customer savings. Duke Energy Carolinas (DEC)
Aug. 11 is National Safe Digging Day, recognizing the importance of having underground utility lines marked prior to digging or excavatingDuke Energy reported damage to underground electric and natural gas lines more than 5,000 times this year Video here: Learn how the 811 process worksCINCINNATI, Aug. 11, 2025 /PRNewswire/ -- Aug. 11 is National Safe Digging Day (also known as 811 Day), and Duke Energy Ohio/Kentucky is advising customers and excavators to call 811 at least three business days before beginning any outdoor project that involves digging. What is 811? 811 Day is
CHARLOTTE, N.C., Aug. 5, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) has posted its second-quarter 2025 financial results in a news release available on the company's website at the following link: duke-energy.com/investors. Harry Sideris, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer, will discuss the company's financial results and other business and financial updates during an investor presentation at 10 a.m. ET today. The call can be accessed via the investors' section (duke-energy.com/investors) of Duke Energy
Brookfield invests in a 19.7% non-controlling equity interest in Duke Energy Florida for $6 billion Partnership supports $4 billion increase in Duke Energy Florida's five-year capital plan aimed at enhancing company's ability to meet customers' rapidly growing and evolving energy demandsAttractive valuation and efficient form of financing enables 100 basis point increase in Duke Energy's long-term FFO/Debt target to 15%, supports 5% to 7% EPS growth rate through 2029 Duke Energy to remain majority owner and operator of DEF; no changes to workforce, operations or Florida leadership team CHARLOTTE, N.C., Aug. 5, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced it has entered into a
Growing menu of options offers customers more savings and better control over how they use their energySome incentives have doubled or even tripledGREENVILLE, S.C., Aug. 4, 2025 /PRNewswire/ -- Duke Energy has increased incentives and eligibility for many of its residential and business energy efficiency and demand response programs in South Carolina, expanding ways customers can save energy and money. The updates were approved by the Public Service Commission of South Carolina (PSCSC) and launched on Aug. 1, 2025. "Some of our program incentives have doubled – or even triple
Transaction expected to close Q1 2026 Proceeds help efficiently fund Duke Energy's $83 billion five-year capital plan CHARLOTTE, N.C., July 29, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced it reached an agreement to sell its Piedmont Natural Gas Tennessee local distribution company business for $2.48 billion in cash to Spire Inc. ("Spire") – one of the largest publicly traded natural gas companies in the country. The sale price represents a 1.8x multiple of 2024 year-end rate base and a 24x multiple of 2024 earnings – a significant premium to Duke Energy's commo
ST. LOUIS, July 29, 2025 /PRNewswire/ -- Spire Inc. (NYSE:SR) today announced it has entered into an agreement with Piedmont Natural Gas, a wholly-owned subsidiary of Duke Energy (NYSE:DUK), to acquire its Tennessee local distribution company business that serves more than 200,000 customers in the Nashville area. Spire is acquiring the business for total consideration of $2.48 billion on a cash-free, debt-free basis, representing a purchase price multiple of 1.5x estimated rate base in 2026. The purchase will be accretive to adjusted earnings per share and supportive of long-t
Energy-saving tools and tips are available to help customersB-roll of energy-saving tips to beat the heat available hereCHARLOTTE, N.C., July 28, 2025 /PRNewswire/ -- With portions of the Carolinas expecting to see near record temperatures this week and heat alerts issued for most of the eastern United States, Duke Energy has tips to help you take control of your energy use while keeping you and your family comfortable. Tips to save energy and money Set your thermostat to the highest comfortable setting. Even a couple of degrees can help save energy and money. Keep in mind: Yo
Live finance-specific insights
Brookfield invests in a 19.7% non-controlling equity interest in Duke Energy Florida for $6 billion Partnership supports $4 billion increase in Duke Energy Florida's five-year capital plan aimed at enhancing company's ability to meet customers' rapidly growing and evolving energy demandsAttractive valuation and efficient form of financing enables 100 basis point increase in Duke Energy's long-term FFO/Debt target to 15%, supports 5% to 7% EPS growth rate through 2029 Duke Energy to remain majority owner and operator of DEF; no changes to workforce, operations or Florida leadership team CHARLOTTE, N.C., Aug. 5, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced it has entered into a
Transaction expected to close Q1 2026 Proceeds help efficiently fund Duke Energy's $83 billion five-year capital plan CHARLOTTE, N.C., July 29, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced it reached an agreement to sell its Piedmont Natural Gas Tennessee local distribution company business for $2.48 billion in cash to Spire Inc. ("Spire") – one of the largest publicly traded natural gas companies in the country. The sale price represents a 1.8x multiple of 2024 year-end rate base and a 24x multiple of 2024 earnings – a significant premium to Duke Energy's commo
ST. LOUIS, July 29, 2025 /PRNewswire/ -- Spire Inc. (NYSE:SR) today announced it has entered into an agreement with Piedmont Natural Gas, a wholly-owned subsidiary of Duke Energy (NYSE:DUK), to acquire its Tennessee local distribution company business that serves more than 200,000 customers in the Nashville area. Spire is acquiring the business for total consideration of $2.48 billion on a cash-free, debt-free basis, representing a purchase price multiple of 1.5x estimated rate base in 2026. The purchase will be accretive to adjusted earnings per share and supportive of long-t
CHARLOTTE, N.C., July 15, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) today declared a quarterly cash dividend on its common stock of $1.065 per share, an increase of $0.02. This dividend is payable on Sept. 16, 2025, to shareholders of record at the close of business on Aug. 15, 2025. The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on Sept. 16, 2025, to shareholders of record at the close of business on Aug. 15, 2025. This is equivalent to $0.359375 per depositary share. Duke Energy has paid a cash dividend on
CHARLOTTE, N.C., July 8, 2025 /PRNewswire/ -- Duke Energy will post its second-quarter 2025 financial results at 7 a.m. ET on Tuesday, Aug. 5, 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 second-quarter 2025 results and other business and financial updates. The conference call will be hosted by Harry Sideris, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer. The call can be accessed via the investors' section (duke-en
CHARLOTTE, N.C., May 1, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) today declared a quarterly cash dividend on its common stock of $1.045 per share. This dividend is payable on June 16, 2025, to shareholders of record at the close of business on May 16, 2025. The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on June 16, 2025, to shareholders of record at the close of business on May 16, 2025. This is equivalent to $0.359375 per depositary share. Duke Energy has paid a cash dividend on its common stock for 99 con
CHARLOTTE, N.C., April 9, 2025 /PRNewswire/ -- Duke Energy will post its first-quarter 2025 financial results at 7 a.m. ET on Tuesday, May 6 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 2025 results and other business and financial updates. The conference call will be hosted by Harry Sideris, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer. The call can be accessed via the investors' section (duke-energ
CHARLOTTE, N.C., Jan. 14, 2025 /PRNewswire/ -- Duke Energy will post its fourth-quarter and year-end 2024 financial results at 7 a.m. ET on Thursday, Feb. 13 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 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 b
CHARLOTTE, N.C., Jan. 9, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) today declared a quarterly cash dividend on its common stock of $1.045 per share. This dividend is payable on March 17, 2025, to shareholders of record at the close of business on Feb. 14, 2025. The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on March 17, 2025, to shareholders of record at the close of business on Feb. 14, 2025. This is equivalent to $0.359375 per depositary share. Duke Energy has paid a cash dividend on its common stock for 99
CHARLOTTE, N.C., Oct. 8, 2024 /PRNewswire/ -- Duke Energy will post its third-quarter 2024 financial results at 7 a.m. ET on Thursday, Nov. 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 third-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'
Live Leadership Updates
Julie Janson, EVP and CEO, Duke Energy Carolinas, to retire after a distinguished 37-year career with the companyKodwo Ghartey-Tagoe, Alex Glenn and Louis Renjel to be appointed to new leadership positions, reflecting the depth of Duke Energy's leadership teamCameron McDonald to join the company's senior management committeeCHARLOTTE, N.C., May 2, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced a series of leadership appointments to further advance the company's strategy and ensure it is best positioned to meet the growing energy needs across its service territory.
Sideris, a 29-year company veteran, also joins the board of directors; lead independent director Ted Craver becomes independent chair, both effective April 1In her more than 11 years as CEO, Good transformed Duke Energy into a leading, fully regulated utility – creating substantial customer and shareholder valueCHARLOTTE, N.C., Jan. 13, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) today announced that its board of directors has appointed Harry Sideris, president and chief executive officer and a member of the board of directors, effective April 1, 2025. Sideris, currently president, will succeed Lynn Good, who will retire from her management and board roles at the company on April 1 after mor
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
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Goldman upgraded Duke Energy from Neutral to Buy and set a new price target of $132.00
Raymond James initiated coverage of Duke Energy with a rating of Mkt Perform
KeyBanc Capital Markets downgraded Duke Energy from Overweight to Sector Weight
Mizuho upgraded Duke Energy from Neutral to Outperform and set a new price target of $121.00 from $116.00 previously
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