Duke Energy Corporation (DUK)
| Market Cap | 80.03B |
| Revenue (ttm) | 29.46B |
| Net Income (ttm) | 3.07B |
| Shares Out | 771.77M |
| EPS (ttm) | 3.98 |
| PE Ratio | 26.10 |
| Forward PE | 16.54 |
| Dividend | $4.10 (3.95%) |
| Ex-Dividend Date | May 16, 2024 |
| Volume | 2,486,074 |
| Open | 103.14 |
| Previous Close | 102.84 |
| Day's Range | 102.44 - 103.93 |
| 52-Week Range | 83.06 - 103.89 |
| Beta | 0.45 |
| Analysts | Buy |
| Price Target | 102.93 (-0.92%) |
| Earnings Date | May 7, 2024 |
About DUK
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest. It generates electricity through coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel. This segment also engages in the wholesale of electricity to municipalit... [Read more]
Financial Performance
In 2023, Duke Energy's revenue was $29.06 billion, an increase of 1.02% compared to the previous year's $28.77 billion. Earnings were $2.74 billion, an increase of 11.91%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for DUK stock is "Buy." The 12-month stock price forecast is $102.93, which is a decrease of -0.92% from the latest price.
News
Majority of parties reach proposed agreement in Duke Energy Carolinas rate review request in South Carolina
Agreement supports company's efforts to increase system diversity, reliability and enhance the customer experience GREENVILLE, S.C. , May 17, 2024 /PRNewswire/ -- Duke Energy Carolinas has reached a s...
Duke Energy funds $100,000 in upgrades to the American Red Cross Emergency app, helping increase accessibility among diverse audiences
Enhancements support native or primary Spanish language speakers, people with disabilities and adults 65+ The Duke Energy Foundation will donate $1 to the Red Cross for every app download through June...
Duke Energy advances energy transition and positions company for long-term success, CEO tells shareholders at annual meeting
Company moving from planning to execution phase of energy transition Reliability and affordability remain cornerstones of success CHARLOTTE, N.C. , May 9, 2024 /PRNewswire/ -- In 2023, Duke Energy (NY...
Utility Stocks Have Jumped. Why It Might Be Time to Sell.
The sector's shares have moved higher, but expected dividends payments haven't grown much.
Duke Energy announces dividend payments to shareholders
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.
Duke Energy seeks take-or-pay power contracts for data centers
Duke Energy is pursuing electricity supply contract terms with data centers that include take-or-pay and up-front infrastructure build out payments to guard against volatility in the energy-intensive ...
Duke Energy Florida receives approval to lower rates for a second time this year
New rates effective in June 2024; a typical residential customer bill will decrease by almost $6 per month Savings adds to more than $11 monthly reduction that went into effect in January 2024 ST. PE...
Duke Energy reports first-quarter 2024 financial results
CHARLOTTE, N.C. , May 7, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its first-quarter 2024 financial results in a news release available on the company's website at the following link: du...
Duke Energy beats first-quarter profit estimates on higher rates
Duke Energy beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from higher rates and robust demand for electricity.
AI could drive a natural gas boom as power companies face surging electricity demand
Natural gas producers are bullish on demand as they see significant upside from the immense energy needs of artificial intelligence and data centers.
Duke Energy's Midwest Lineman's Rodeo qualifies 15 local lineworkers to compete in international event
Midwest Lineman's Rodeo tests job skills critical to power delivery and restoration International rodeo competition featuring the world's top lineworkers to be held Oct. 19 in Bonner Springs, Kan. PLA...
Duke Energy completes multiyear unit upgrades at Bad Creek to support the Carolinas' growing electricity demand
Upgrades add 320 megawatts of capacity to the company's largest "battery" Bad Creek pumped storage technology supports the operational needs of Duke Energy's system, particularly as more solar is adde...
Duke Energy's annual Impact Report shares progress toward a cleaner tomorrow that includes affordability and reliability
Carbon emissions from electric generation are down 48% from 2005 levels Since 2022, helped customers access nearly $377 million in financial support CHARLOTTE, N.C. , April 24, 2024 /PRNewswire/ -- Du...
Duke Energy to hold annual shareholders meeting online May 9
CHARLOTTE, N.C. , April 23, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) will hold its annual shareholders meeting online on Thursday, May 9, at 1 p.m.
Duke Energy celebrates Earth Day with $500,000 in grants to boost environmental resiliency across North Carolina
Improving the environmental health and resiliency of North Carolina communities is part of advancing the company's clean energy transition CHARLOTTE, N.C. , April 22, 2024 /PRNewswire/ -- This Earth D...
Duke Energy Florida's tree care practices prevent outages, earn 18th consecutive year of national recognition
Recognition cites quality tree care, including proper pruning and training in accordance with industry standards Program promotes safe, reliable electric service and abundant, healthy trees Since 2017...
People behind the power: What to know about the remarkable role of Duke Energy lineworkers
On April 18, Duke Energy celebrates the men and women who keep the lights on for customers every day Lineworkers play a critical role in the clean energy transition and building the grid of the future...
As storm season begins, Duke Energy reminds public to move over, slow down as they approach utility crews working along the roadside
During storm season, additional Duke Energy crews may be on the roads to repair damaged power lines or infrastructure Speeding and distracted driving are the leading contributing factors in vehicle ac...
Duke Energy celebrates Florida lineworkers of the past, present and future ahead of National Lineworker Appreciation Day
National Lineworker Appreciation Day, April 18, recognizes the men and women who power the lives of millions across the country More than $1.8 million invested in college lineworker programs to streng...
Duke Energy to announce first-quarter financial results on May 7
CHARLOTTE, N.C. , April 11, 2024 /PRNewswire/ -- Duke Energy will post its first-quarter 2024 financial results at 7 a.m.
Duke Energy Florida to reduce rates for a second time this year, beginning this June
If approved, the company's rate reduction request will reduce a typical residential customer bill of 1,000 kWh by almost $6 The proposed reduction is in addition to a bill rate decrease of about $11 t...
Duke Energy to sell stake in Pioneer Transmission joint venture to John Laing
CHARLOTTE, N.C., April 4, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) today announced it has reached an agreement to sell its 50% ownership interest in Pioneer Transmission LLC (Pioneer) to John Lain...
Duke Energy to implement new PowerPair pilot program for pairing home solar installations with battery energy storage
Customers could receive up to $9,000 as a one-time incentive to help lower the cost of installing solar and battery storage Programs explore new ways to help manage low carbon grids of the future CH...
A stronger electric grid, enhanced customer services and environmental obligations are some of the drivers of Duke Energy's Indiana rate request
Electric grid security and investments to serve a growing state are also key parts of the request Voluntary 'time-of-use' rates proposed to help manage customer bills PLAINFIELD, Ind. , April 4, 2024 ...