88.00 +0.02 (0.02%)
After hours: 5:38PM EDT
|Bid||87.26 x 900|
|Ask||88.49 x 1000|
|Day's Range||87.93 - 89.94|
|52 Week Range||77.90 - 91.67|
|Beta (3Y Monthly)||0.13|
|PE Ratio (TTM)||21.39|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||3.71 (4.12%)|
|1y Target Est||92.59|
Compromises have been made, and more are likely, as legislation that would allow Duke Energy Corp. and other utilities to seek rate plans with annual increases works its way through the N.C. House of Representatives.
CHARLOTTE, N.C. , June 26, 2019 /PRNewswire/ -- Duke Energy's board of directors today announced the appointment of DowDuPont executive vice president Nicholas Fanandakis as a new board member, effective ...
(Bloomberg) -- The wind farms that have proliferated across Texas in the past decade have done plenty to cut power-sector emissions. But with blades spinning at up to 100 miles-per-hour, they’ve been murderous for bats.Now Duke Energy Corp. is deploying technology to dissuade the creatures from flying headlong into their deaths. It uses ultrasound to block sonar bats use to navigate at night, prompting them to avoid areas around turbines.The Charlotte, North Carolina-based utility owner is using the “Bat Deterrent System” at installations in the Rio Grande Valley. It’s first time a company has commercially deployed the system, developed by ESCO Technologies Inc.’s NRG Systems, according to a statement Wednesday. A two-year study found it can reduce bat fatalities by 50%, Duke said.To contact the reporter on this story: Christopher Martin in New York at email@example.comTo contact the editors responsible for this story: Lynn Doan at firstname.lastname@example.org, Joe RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Becomes first company to commercially deploy NRG Systems' innovative Bat Deterrent System in the continental U.S. CHARLOTTE, N.C., June 26, 2019 /PRNewswire/ -- Texas leads the nation in wind energy generation with thousands of wind turbines throughout the state. This is a boon for clean energy generation but not for the state's large population of bats, which are often drawn to the spinning turbines.
Today we'll take a closer look at Duke Energy Corporation (NYSE:DUK) from a dividend investor's perspective. Owning a...
North Carolina added 204 megawatts of new solar construction in the first quarter of 2019, according to the new Solar Market Insight Report. That's good enough for fourth place nationwide in the quarter.
Among the top utility stocks in 2019, Southern Company (SO) leads the pack. The stock has rallied almost 30% in 2019. Southern Company has shown an unusual rally in the last few months.
Utility stocks continued to rise last week. The Utilities Select Sector SPDR ETF (XLU) hit a new 52-week high and closed at $61.0 last week. Utility stocks have shown a slow but steady rally in 2019.
(Bloomberg) -- The U.S. Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter.Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5% of the radioactive fuel from U.S. mines, said the people, who requested anonymity to discuss non-public deliberations. Two of the people said an option under consideration would see the quota escalate by 5 percentage points a year.A decision to impose the quotas would be a boon to the two small mining companies that petitioned the Commerce Department to take action, Energy Fuels Inc. and Ur-Energy Inc. The move would increase costs for nuclear reactor operators that are already struggling in the face of competition from cheaper sources of power generated by natural gas and renewables. Domestic nuclear providers rose on the news, with Uranium Energy Corp. up as much as 3.9%, Energy Fuels rising as much as 3.5% and Ur-Energy paring earlier losses to rise less than 1%.The Commerce Department concluded in April that the imports harmed national security, delivering a confidential report on the matter to the White House at the time, the people said.The White House didn’t immediately respond to a request for comment. A spokeswoman for the Commerce Department declined to comment on the contents of the uranium report and said it is at the White House. Confidential MeetingThe recommendations have yet to be presented to President Donald Trump, and a meeting on the matter between him and advisers on the issue that had been scheduled for Thursday was delayed, two people said.The matter is far from final, but one person said it is certain that the White House appears poised to take action. Other options being considered include doing nothing or putting limits on uranium from specific countries, one of the people said.Canadian Prime Minister Justin Trudeau, who met with Trump on Thursday, was expected to make the case against import quotas on uranium, which his country produces.The Trump administration was asked by the two domestic uranium producers to impose a 25% domestic market quota on the grounds imports of uranium are a threat to national security. Wide Latitude A finding that the imports of uranium are harming U.S. national security gives Trump wide latitude to impose a trade remedy of his choosing -- or do nothing at all -- using the same trade law the administration has successfully used to slap tariffs on steel and aluminum imports.While the domestic uranium producers, both of which are based in Colorado, initially asked the administration for a 25% quota, a lower amount could be a compromise that he utilities and the producers could live with, analysts have said.Nuclear utilities, which have estimated a 25% quota could cost them as much as $800 million annually, remain hopeful Trump will decide against any trade action.“President Trump is a longstanding champion for the U.S. nuclear industry, rightly recognizing the enormous economic and energy benefits that U.S. nuclear power delivers to American consumers,” said the Ad Hoc Utilities Group, which counts Exelon Corp., Duke Energy Corp., and Dominion Energy Inc. as members. “The U.S. nuclear industry supports 100,000 jobs while the two petitioners support a total of 150 jobs.” Australia, RussiaCurrently, the nuclear power industry gets nearly all of its uranium from sources such as Australia, Canada, Kazakhstan, and Russia.The U.S. uranium industry produced roughly 700,000 pounds in 2018, according to Chris Gadomski, a nuclear industry analyst at Bloomberg New Energy Finance. A 5% quota would translate to between 2 million and 2.5 million pounds, he said.The two miners who petitioned for the case have already begun expanding their mines in anticipation of a favorable decision.Executives from both companies said in a statement they were pleased “the administration continues to recognize the unique national, energy and economic security role of domestic uranium production.”“We continue to believe that reserving 25% of domestic demand for U.S. uranium is the most effective tool for sustaining domestic production of this critical mineral,” they said. (Updates with statement from uranium miners in last paragraph.)\--With assistance from Josh Wingrove and Will Wade.To contact the reporters on this story: Ari Natter in Washington at email@example.com;Jenny Leonard in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, ;Margaret Collins at firstname.lastname@example.org, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Is Duke Energy Corporation (NYSE:DUK) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk […]
- 150 MW North Rosamond solar project achieves commercial operation - California solar plant provides clean, renewable energy to Southern California Edison customers CHARLOTTE, N.C. , June 19, 2019 /PRNewswire/ ...
- Pleasanton Unified School District is the latest education system to work with REC Solar to deploy on-site solar plus storage solutions - Installations illustrate the education market's need to control ...
The utilities sector continues to offer a premium dividend yield along with stable upward price movement. On average, utility stocks are currently yielding 3.2%, while broader markets offer a yield close to ~2%.
Analysts expect a downside of ~1% from NextEra Energy (NEE) stock based on the mean target price of $205.0 and its current price of ~$207.0. Analysts seem more positive on NextEra Energy stock compared to its peers.
- Properties in Sumter, Highlands and Lake counties announced, boosting prime industrial sites in Florida service area to 26 ST. PETERSBURG, Fla. , June 17, 2019 /PRNewswire/ -- When communities grow and ...
"Even though the U.S. and local job markets are strong, America's energy needs continue to grow and evolve, requiring a future workforce with new skills and abilities," said Amy Spiller, Duke Energy's president in Ohio and Kentucky. Recent studies from the U.S. Department of Energy and U.S. Department of Labor show that 25%-50% of utility employees will retire within the next five to 10 years.
Many top utility stocks are trading at a significant premium to their historical averages. NextEra Energy (NEE) stock is trading at 24x its forward earnings. NextEra Energy's five-year historical average valuation is ~18x–19x.
The event included rapid-fire presentations from Duke Energy, The Rocky Mountain Institute and the Centralina Council of Governments as well as pitches from some of the startups currently participating in Charlotte's Joules Accelerator program.
Duke Energy Progress customers in North Carolina could see a small reduction in their monthly bills by the end of the year if regulators approve cuts the utility has proposed on riders for items such as fuel costs and energy efficiency programs. There would be some savings for all customer classes under the filings Duke Progress made this week with the N.C. Utilities Commission. The average decrease, if all of the proposals go into effect, would be 3.3% for residential customers, 4.4% for commercial customers and 1.9% for industrial customers.
CHARLOTTE, N.C., June 13, 2019 /PRNewswire/ -- Hurricane season is officially here and Piedmont Natural Gas is urging customers to follow a few simple tips to stay safe if their natural gas equipment or appliances are damaged or flooded due to severe weather. The National Oceanic and Atmospheric Administration's Climate Prediction Center is predicting a near-normal Atlantic hurricane season, June 1 through Nov. 30. "Flooding is typically the greatest storm-related risk to natural gas equipment and appliances, and we want to make sure our customers know how to stay safe this hurricane season," said Keith Napier, director of natural gas operations for Piedmont Natural Gas.
North Carolina has been a market leader for utility-scale solar development. Now, a rebate program is pushing rooftop solar into the spotlight.
A rebate from Duke Energy made a difference in the decision to install 960 solar panels overlooking the fourth turn at Charlotte Motor Speedway. How important can such programs be for other types of projects?
- If approved, typical residential customers will see their monthly bills go down $4 RALEIGH, N.C. , June 11, 2019 /PRNewswire/ -- Duke Energy Progress today made its annual filings with the North Carolina ...