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 |
|---|---|---|---|
| 6/13/2025 | 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 |
| 6/8/2023 | $99.00 | Neutral | Goldman |
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CINCINNATI, June 19, 2025 /PRNewswire/ -- Duke Energy has restored power to more than 41,000 customers who were affected by severe and damaging storms that ripped through southwest Ohio and northern Kentucky last night, causing more than 48,000 power outages across the region. Crews are working to restore approximately 7,000 customers who remained without power as of 10:15 a.m. ET. Power line technicians, tree trimmers, damage assessors and other support personnel have been assessing damage and restoring outages. Wind gusts reached as high as 65 miles per hour in some areas, t
PLAINFIELD, Ind., June 19, 2025 /PRNewswire/ -- Duke Energy has restored power to more than 73,000 customers who were affected by severe and damaging storms that ripped through Indiana yesterday, causing more than 100,000 power outages across nearly all of the 28 districts the company serves. Crews are working to restore approximately 31,000 customers who remained without power as of 6 a.m. ET. Power line technicians, tree trimmers, damage assessors and other support personnel have been assessing damage and restoring outages. Wind gusts reached as high as 70 miles per hour in
CHARLOTTE, N.C., June 18, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) today announced the promotions of Pepper Natonski to senior vice president, federal affairs, policy and sustainability and Tom Craig to vice president, federal affairs, effective July 1. "Duke Energy is executing an ambitious strategy to serve the growing needs of our customers and communities," said Louis Renjel, executive vice president and chief corporate affairs officer. "This is a pivotal moment for our federal engagement, and we are fortunate to have an exceptional team in place. Pepper has demonstrat
The study will explore the possibility of a sale of existing coal units Settlement with state's coal producers is aligned with Indiana Governor Mike Braun's executive orders on coalPLAINFIELD, Ind., June 17, 2025 /PRNewswire/ -- Duke Energy Indiana and Reliable Energy Inc., which represents several of Indiana's major coal producers, have reached a settlement in Duke Energy Indiana's request pending before the Indiana Utility Regulatory Commission for a proposed new natural gas plant at its Cayuga Generating Station in Vermillion County, Ind. If state utility regulators approve
Recent investments have strengthened the grid and reduced outages for customersCompany last requested a regulatory review of rates in 2022GREENVILLE, S.C., June 12, 2025 /PRNewswire/ -- Duke Energy Progress today asked South Carolina regulators to perform a public review of the company's current rates. This is the company's first request to review rates since 2022. It comes as the company continues working to increase system diversity and reliability, enhance the customer experience and meet future energy demands.Duke Energy Progress serves about 177,000 customers primarily in
Site would take advantage of existing infrastructure and more than a century of partnership with Anderson CountyProposal will be first request by company to build new generation in the Palmetto State in a decadePlans support intent by state leaders to address growth and economic success by advancing new electricity capacity in the stateGREENVILLE, S.C., June 9, 2025 /PRNewswire/ -- Duke Energy announced today the company's intent to submit an application to the Public Service Commission of South Carolina (PSCSC) for approval to build a new natural gas power plant in Anderson County.
HERO grants will fund emergency preparedness equipment and first responder training to support local effortsFunding will benefit 20 vital disaster response organizations, including local government agencies and nonprofitsCHARLOTTE, N.C., June 4, 2025 /PRNewswire/ -- As North Carolina communities prepare for storm season, Duke Energy today announced new support for preparedness initiatives led by local emergency response organizations across the state. What's happening: Twenty government agencies and nonprofits are receiving Duke Energy Foundation grants of $25,000 to fund seve
Over the last five years, Duke Energy's Share the Light Fund® has provided more than $4 million of assistance, supporting nearly 15,000 Indiana householdsPLAINFIELD, Ind., June 3, 2025 /PRNewswire/ -- Duke Energy Indiana is dedicating $200,000 to its Share the Light Fund to support customers facing financial hardship this summer. The funding aims to help families and individuals manage their energy costs amid rising temperatures and higher energy use. "The financial assistance we offer through the Share the Light Fund helps connect customers in need to resources to help pay th
HERO Grant Program will pay for training, equipment and new technology to aid in response to weather-related disastersFunding goes to 38 nonprofits and government agencies across the Palmetto StateGREENVILLE, S.C., May 29, 2025 /PRNewswire/ -- As hurricane season begins, community leaders, emergency managers and first responders turn their eyes to the tropics as they continue to prepare their communities for the possibility of impacts from severe weather. Duke Energy is preparing, too. What's happening: Duke Energy Foundation is awarding $500,000 through the 2025 Helping Emerg
CHARLOTTE, N.C., May 6, 2025 /PRNewswire/ -- Duke Energy (NYSE:DUK) has posted its first-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's
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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
Goldman initiated coverage of Duke Energy with a rating of Neutral and set a new price target of $99.00
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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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'
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