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 |
|---|---|---|---|
| 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 |
| 6/8/2023 | $99.00 | Neutral | Goldman |
| 3/17/2023 | Sell → Neutral | Seaport Research Partners |
Grants will support storm preparedness and natural disaster readinessApplications will be accepted through April 25 for eligible organizationsCHARLOTTE, N.C., Feb. 27, 2025 /PRNewswire/ -- Duke Energy Foundation today announced a new commitment of $500,000 to support storm preparedness efforts in local communities across North Carolina. Eligible organizations are invited to apply for grants of up to $25,000. "The impact of Hurricane Helene last fall showed us the importance of strong collaboration between emergency management agencies, first responders and nonprofit organizations when it comes to natural disasters," said Kendal Bowman, Duke Energy North Carolina state president. "We're prou
Nearly 4,000 employees had the opportunity to nominate nonprofits in the stateFive organizations were selected to receive $10,000 each to support their local missionsGREENVILLE, S.C., Feb. 25, 2025 /PRNewswire/ -- To celebrate Black History Month, Duke Energy's South Carolina employees have awarded $50,000 in grants to nonprofit organizations whose focus is uplifting, educating and assisting local communities. "We reached out to the men and women who represent Duke Energy in South Carolina every day to see what nonprofits in their communities they wanted to receive grant fundi
The sites will be located in Madison, Sumter, Hernando and Jefferson counties and completed by summer 2026All together, they are expected to save customers $843 million over their service lifetimes ST. PETERSBURG, Fla., Feb. 21, 2025 /PRNewswire/ -- Today, Duke Energy Florida submitted its 2025 Solar Base Rate Adjustment (SoBRA) filing to the Florida Public Service Commission (FPSC), outlining plans for four solar energy sites the company is pursuing this year in order to deliver on its commitment to continue providing reliable, affordable and increasingly clean energy for its customers.
Grant provides critical supplies prior to storm seasonDuke Energy employees volunteer to assemble severe weather kitsST. PETERSBURG, Fla., Feb. 20, 2025 /PRNewswire/ -- Today, the Duke Energy Foundation announced it has donated $40,000 to the Area Agency on Aging of Pasco-Pinellas (AAAPP) to supply severe weather kits to older adults in preparation for the 2025 hurricane season. "Helping seniors stay safe in their homes is the mission of the Area Agency on Aging of Pasco-Pinellas, so we are so grateful for Duke Energy's support of our Senior Storm Kit program," said Ann Marie
CHARLOTTE, N.C., Feb. 18, 2025 /PRNewswire/ -- Duke Energy announced today it has appointed Katherine Neebe, senior vice president and chief sustainability officer, as chief communications officer (CCO), effective Feb. 24. Neebe succeeds Oscar Suris, senior vice president and CCO, who will become a senior advisor. "Katherine has demonstrated a deep appreciation for the critical role that clear, timely communications play in fostering trust among our stakeholders," said Louis Renjel, executive vice president and chief corporate affairs officer. "She has the leadership skills an
Mix of snow and ice could cause power outages in some regionsCustomers are encouraged to prepare in advance for potential outagesCHARLOTTE, N.C., Feb. 18, 2025 /PRNewswire/ -- Duke Energy is monitoring forecasts and preparing for a mixture of snow and ice, which could cause power outages in some areas. "As snowy and icy conditions approach, we're encouraging customers to prepare and have a plan in place in case they experience a power outage," said Jason Hollifield, Duke Energy's storm director in the Carolinas. "Our crews are prepared and will work as quickly and safely as po
Engineers Week is recognized as Sunday, Feb. 16, through Saturday, Feb. 22Dispatchers must complete extensive training to serve as the "eyes in the sky" of the power gridST. PETERSBURG, Fla., Feb. 17, 2025 /PRNewswire/ -- Today, Duke Energy Florida is celebrating Engineers Week – recognized as Sunday, Feb. 16, through Saturday, Feb. 22 – by highlighting the work of power grid dispatchers and the importance of training new engineers and technical workers to serve as the "eyes in the sky" of the grid that delivers power to more than 2 million customers across the company's 35-county service territory.
CHARLOTTE, N.C., Feb. 13, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) has posted its fourth-quarter and year-end 2024 financial results in a news release available on the company's website at the following link: duke-energy.com/investors. Lynn Good, chair and chief executive officer, Harry Sideris, president, 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-ener
Financial assistance programs, incentives and rates – and even low-cost or no-cost energy efficiency tips – can offset higher-than-average electric billsST. PETERSBURG, Fla., Feb. 12, 2025 /PRNewswire/ -- Duke Energy Florida is sharing various resources to help customers manage their increased energy usage in January, when extreme winter weather swept across the state, which may have resulted in some receiving higher-than-average electric bills. "While Duke Energy Florida lowered rates by nearly $10 in January, our customers are less likely to notice that change because freezi
Funding supports 20 organizations each with $10,000Grants are a continuation of assistance to senior programs, with more than $300,000 distributed over the past two yearsGREENVILLE, S.C., Feb. 12, 2025 /PRNewswire/ -- Duke Energy is providing $200,000 in grants to South Carolina organizations that help the state's aging population with services and support, particularly for seniors with income challenges. The funds will be used to help these organizations with their infrastructure to continue expanding their services. "With the aging population living longer, as well as the co
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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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
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
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'
CHARLOTTE, N.C., Oct. 7, 2024 /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 Dec. 16, 2024, to shareholders of record at the close of business on Nov. 15, 2024. The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on Dec. 16, 2024, to shareholders of record at the close of business Nov. 15, 2024. This is equivalent to $0.359375 per depositary share. Duke Energy has paid a cash dividend on its common stock for 98 con
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