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 |
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Collaboration with Electrada provides resources for fleets considering electrification, specifically for interoperability, power flexibility and reliability MOUNT HOLLY, N.C., Nov. 21, 2024 /PRNewswire/ -- Duke Energy has commissioned its new Duke Energy + Electrada Fleet Mobility Microgrid in Mount Holly, a first-of-its-kind electrification center for commercial and public electric fleet vehicles. The project is the first of its kind in the country to offer a zero-emission, carbon-free microgrid option for fleet charging. The center serves a dual purpose as a model for utilit
PLAINFIELD, Ind., Nov. 18, 2024 /PRNewswire/ -- The Duke Energy Foundation and the Indiana Economic Development Association Foundation are committing $150,000 in grant funding to support organizations and projects focused on improving access to affordable child care in Indiana communities. The new round of grants follows more than $100,000 in funding awarded through the foundations last year to five organizations in Indiana working to close the child care gap in new and innovative ways. "Inadequate access to high-quality, affordable child care not only creates significant barr
Ten organizations across Florida receive funding to support resiliency efforts benefiting Florida's ecosystemOver the past five years, the Duke Energy Foundation donated more than $3 million to environmental resiliency and disaster recovery in FloridaST. PETERSBURG, Fla., Nov. 14, 2024 /PRNewswire/ -- Today, the Duke Energy Foundation announced $285,000 in grants to support the environmental vitality and resiliency of communities across Florida. Ten environmentally focused organizations will receive funding to continue Duke Energy's investment in the state's natural resources.
Piedmont Natural Gas is reminding customers if they smell natural gas, get out fast!An odorant called mercaptan is injected into natural gas, giving it a smell like rotten eggs so it is easy to detect.Video: Learn how mercaptan works.CHARLOTTE, N.C., Nov. 13, 2024 /PRNewswire/ -- With more homes and businesses using natural gas for heat during the fall and winter months, Piedmont Natural Gas is encouraging customers and communities to learn the signs of a natural gas leak. "Natural gas leaks can be managed quickly and safely if you know what to look for," said Brian Weisker, p
Smart, self-healing systems in Florida helped save more than 300 million minutes of total lost outage time during recent hurricanesST. PETERSBURG, Fla., Nov. 12, 2024 /PRNewswire/ -- While Florida grappled with back-to-back hurricanes this fall, Duke Energy's year-round grid-strengthening work and advanced technology helped to reduce outage impacts for customers, enabling swift restorations. During hurricanes Helene and Milton, the company's self-healing technology prevented more than 300,000 customer outages, saving customers more than 300 million minutes of total outage time
Funds will support more than 50 feeding programs as holidays approach and communities recover from HeleneEfforts begin with Yam Jam, a volunteer event in Greenville that packages 50,000 pounds of sweet potatoes for the hungry this ThanksgivingGREENVILLE, S.C., Nov. 8, 2024 /PRNewswire/ -- Every community in South Carolina is home to families who face hunger. The statistics are startling – nearly 700,000 of our friends and neighbors lack consistent access to high-quality meals. That's 1 in 8 people facing hunger in our state every day, and 1 in 6 of those are children. As the h
CHARLOTTE, N.C., Nov. 7, 2024 /PRNewswire/ -- Duke Energy (NYSE:DUK) has posted its third-quarter 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-energy.com/investor
A 1,000 kWh residential customer bill will decrease by $9.77 beginning in JanuaryBills will be impacted by the company's storm cost recovery later in 2025ST. PETERSBURG, Fla., Nov. 5, 2024 /PRNewswire/ -- Today, the Florida Public Service Commission approved Duke Energy Florida's request to lower rates and decrease customer bills in January 2025 as part of an annual adjustment for the cost of fuel used to generate electricity at the company's power plants, as well as other clause adjustments. Typical residential customers using 1,000 kilowatt-hours (kWh) will see a decrease
CHARLOTTE, N.C., Nov. 2, 2024 /PRNewswire/ -- Duke Energy issued the following statement in response to yesterday's order by the North Carolina Utilities Commission (NCUC) on its Carolinas Resource Plan. BackgroundOn Aug. 17, 2023, Duke Energy filed its proposed Carolinas Resource Plan with the North Carolina Utilities Commission (NCUC), two days after filing the same plan with the Public Service Commission of South Carolina (PSCSC). The Carolinas Resource Plan is Duke Energy's proposed road map for its dual-state system serving North Carolina and South Carolina – delivering a
Free home energy assessment available in-home and virtually.Seal and insulate your home and save through rebate program.B-roll available: Virtual home energy assessment, energy efficiency tipsCHARLOTTE, N.C., Nov. 1, 2024 /PRNewswire/ -- As daylight saving time ends this weekend, it's time to turn back our clocks and lock in energy savings ahead of the winter season. "Our goal is to help give customers greater control over their energy use and provide them with more options to save money," said Kendal Bowman, president of Duke Energy North Carolina. "With winter around the cor
10-Q - Duke Energy CORP (0001326160) (Filer)
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10-Q - Duke Energy CORP (0001326160) (Filer)
8-K - Duke Energy CORP (0001326160) (Filer)
8-K - Duke Energy CORP (0001326160) (Filer)
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.
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
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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
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
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