DUK - Duke Energy Corporation
| Previous Close | 86.24 |
| Open | 85.70 |
| Bid | 87.05 x 800 |
| Ask | 87.20 x 900 |
| Day's Range | 85.68 - 87.44 |
| 52 Week Range | 71.96 - 91.67 |
| Volume | 4,349,443 |
| Avg. Volume | 3,523,566 |
| Market Cap | 63.486B |
| Beta (3Y Monthly) | 0.04 |
| PE Ratio (TTM) | 21.20 |
| EPS (TTM) | 4.11 |
| Earnings Date | Jul 31, 2019 - Aug 5, 2019 |
| Forward Dividend & Yield | 3.71 (4.07%) |
| Ex-Dividend Date | 2019-05-16 |
| 1y Target Est | 92.25 |
- InvestorPlace•2 days ago
5 Utility Stocks to Buy for an Extra Durable Portfolio
[Editor's note: This story was originally published in September 2018. It has since been updated and republished.]Utility stocks were supposed to be yesterday's favorite investment. The theory regarding utility stocks was simple: Robust economic growth coupled with a full labor market was supposed to spark rising inflation. The Fed was supposed to fight rising inflation with rate hikes. Fixed income yields were supposed to rise. Utility stocks, which were long viewed as bond substitutes in an era of ultra-low interest rates, were supposed to fall.But that theory hasn't fully materialized into reality.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe result? Utility stocks haven't lost their shine. With inflation relatively contained and investors ducking into safety, stocks in utilities are still attractive assets to own for yield hunters. That is why the Utilities Select Sector SPDR ETF (NYSEARCA:XLU) finished the past month up 2.3%.compared to the S&P 500's loss of 83 basis points.The markets' recent volatility has contributed to the XLU's gain, as investors flee toward any safe haven. Not to mention, a number of other catalysts are in play. Inflation isn't soaring higher because technology giants are suppressing inflationary pressures (just think about the downward pressure Amazon (NASDAQ:AMZN) is putting on all consumer goods prices). This trend won't reverse any time soon, and thus, inflationary pressures should remain subdued for the foreseeable future. With those forces subdued, utility stocks have room to rally. * Top 7 Dow Jones Stocks of 2019 -- So Far With that said, what are the best utility stocks to buy for your portfolio? Here's a list of five stocks that I think are worth a look: American Electric Power (AEP)Considered one of the industry's heavyweights, American Electric Power (NYSE:AEP) is a massive electric utility company that delivers electricity to more than 5 million customers across eleven states. Over the past month, AEP stock is up just shy of 3%.The business right now is doing pretty well, as robust economic strength in the company's core markets has boosted the business. Overall, sales and earnings are both trending higher at a healthy rate. Sempra Energy (SRE)Another one of the industry's heavyweights is Sempra Energy (NYSE:SRE), the multi-faceted energy company that provides energy services to more than 40 million customers globally across Southern California, Texas, Chile and Peru. In the past month, SRE stock is up 2.6%.Sempra's business is doing well: Both revenues and earnings are trending higher amid a favorable economic backdrop. Plus, the company is continuing its energy diversification efforts by expanding its liquid natural gas (LNG) business, something which the company feels can help fuel sustainable long-term growth. * 10 Baby Boomer Stocks to Buy The dividend yield on SRE stock sits right around 2.96%. That isn't great, but it's right around where the yield has been over the past several years. Duke Energy (DUK)Next up is electric power and gas utility giant Duke Energy (NYSE:DUK). Much like the other names on this list, Duke's operations are stable and healthy. That said, DUK stock is down 3% over the past month. That's contributed to an increased dividend yield, at 4.3%.Business remains fine, despite DUK's downturn, mostly thanks to favorable weather and strengthening economic conditions. And Duke's revenues and earnings have been trending consistently higher at a slow and stable rate.This level of growth should persist for the next several years as economic conditions remain solid. American Water Works Company (AWK)Although electricity and power are very important utilities, another utility of equal importance is water, and that is where American Water Works Company (NYSE:AWK) comes into the picture.American Water provides waters services to 15 million people across 46 states and Canada. That makes American Water the largest and most diverse publicly traded water company. Moreover, American Water is planning on spending a whole bunch of money over the next several years to modernize water distribution infrastructure, an investment that will likely lead to rate hike approvals and robust long-term earnings growth. * 7 Stocks to Buy that Lost 10% Last Week AWK stock has a dividend yield of 1.8%. That isn't great. But, what the company lacks in dividend yield, it makes up for in earnings growth, which should be able to run around 10%-per-year for the next several years. That combination of healthy earnings growth and stable yield should make AWK stock a winning investment. NextEra Energy (NEE)Perhaps the utility stock with the most long-term earnings-growth potential on this list is NextEra Energy (NYSE:NEE). That is because not only does NextEra operate a massive utility business like the other utility players on this list, but the company is also a leading player in renewable energy and battery storage.Over the past decade, this company has grown earnings and dividends at an 8%-per-year clip, and that robust growth should continue so long as the company's renewable business continues to scale.The one thing to be worried about when it comes to NEE stock is that the dividend yield is at 2.52%, which is a five-year low. But, earnings growth is robust, and it is large enough to compensate for a historically low dividend yield.As of this writing, Luke Lango was long AMZN and AWK. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 5 Utility Stocks to Buy for an Extra Durable Portfolio appeared first on InvestorPlace.
- American City Business Journals•2 days ago
Hearing scheduled for Piedmont Natural Gas' request for 9% rate hike
Under the hikes proposed by Piedmont Natural Gas, typical residential customers would see their average monthly bills go up about $12.23 to $122.14 in the winter heating months and about $2.34 to $31.21 for the remaining months.
- American City Business Journals•3 days ago
More details on Duke Energy's $1.25B deal to sell stake in commercial renewables
Duke Energy Renewables announced the sale of the minority stake in some of its nearly 70 projects on April 24.
Motley Fool•4 days agoCharah Solutions, Inc. (CHRA) Q1 2019 Earnings Call Transcript
CHRA earnings call for the period ending March 31, 2019.
- PR Newswire•4 days ago
Six Indiana counties selected for Duke Energy's 2019 Site Readiness Program that spurs economic development and jobs
- Counties include Dearborn, Hamilton, Hancock, Howard, Wabash and Warren PLAINFIELD, Ind. , May 15, 2019 /PRNewswire/ -- Developing and promoting the economic and social growth of a community, state or ...
- Bloomberg•4 days ago
With Billions at Stake, Utilities Fight Coal-Ash Costs
Officials from Virginia to North Carolina to South Carolina are pushing back on utilities’ plans to charge customers for the costs of shuttering coal-ash ponds, long the primary way of storing residue from coal-fired power plants. On Tuesday, the staff of Virginia’s utility regulator is expected to weigh in on whether Dominion Energy Inc. should be allowed to recover $247 million through monthly bills for cleanup efforts. It’s a high-stakes battle for utilities, which have so far escaped any shareholder wrath over cleanup expenses because investors assumed the costs would be baked into customers’ rates.
- American City Business Journals•4 days ago
Duke Energy contributes $1M to pre-K education in Mecklenburg County
The program was started in response to the Charlotte Mecklenburg Opportunity Task force report, which found early childhood care and education as keys to upward mobility.
- Zacks•4 days ago
Utility ETFs in Focus on Mixed Q1 Earnings
Here we look at some of the ETFs with strong exposure to three utility bigwigs post the release of their mixed Q1 earnings.
- American City Business Journals•5 days ago
Duke Energy, insurance companies make progress in coal-ash liability suit
Duke Energy and the insurers made clear that no settlements have been reached. But they said "efforts have been sufficiently productive that the parties agree it makes sense to devote further energies to trying to settle."
- PR Newswire•5 days ago
Duke Energy invests in pre-K education with $1 million grant
- Effort part of public-private partnership to improve outcomes for children in Mecklenburg County, N.C. CHARLOTTE, N.C., May 14, 2019 /PRNewswire/ -- Duke Energy announced today it is investing $1 million over five years to support expansion of pre-kindergarten education for children in Mecklenburg County, N.C. "Providing all children access to quality pre-K education is one of the most significant determinants of our region's future success," said Lynn Good, chairman, president and CEO of Duke Energy.
- Market Realist•5 days ago
How Utility Stocks Are Currently Valued
How Utilities Fared amid Broader Market Swings Last Week(Continued from Prior Part)ValuationAlmost all the top utility stocks have showed a decent rally in the last few months. They are trading more than 17 times their forward earnings, higher than
- MoneyShow•5 days ago
Will Buffett Buy a Utility
I've personally owned Berkshire Hathaway (BRK.B) long enough to build up unrealized gains five times my initial investment. That hardly makes me unique, observes Roger Conrad, income specialist and editor of Conrad's Utility Investor.
- GuruFocus.com•5 days ago
Cortland Advisers Llc Buys Duke Energy Corp, Sells iShares Core S&P 500
Wilmington, DE, based Investment company Cortland Advisers Llc buys Duke Energy Corp, sells iShares Core S&P 500 during the 3-months ended 2019Q1, according to the most recent filings of the investment ...
- Thomson Reuters StreetEvents•5 days ago
Edited Transcript of DUK earnings conference call or presentation 9-May-19 2:00pm GMT
Q1 2019 Duke Energy Corp Earnings Call
- American City Business Journals•6 days ago
NC says yes to Duke Energy's first solar-plus-storage microgrid — with conditions
The project will be Duke Energy’s first utility-scale microgrid that will serve residential and commercial customers.
- American City Business Journals•6 days ago
THE LIST: Here are Charlotte's largest employers in the energy industry
The most recent Top 25 List ranks Charlotte-area energy industry employers by number of local employees.
- American City Business Journals•9 days ago
Three takeaways from Duke Energy’s Q1 earnings
A strengthening industrial sector, continued progress on controlling costs and a partnership in commercial renewables were highlights of a decent, if not spectacular, first quarter for Duke Energy Corp.
- American City Business Journals•9 days ago
Why Duke Energy CEO is optimistic work will resume on halted $7.8B Atlantic Coast Pipeline
The full Fourth Circuit Court of Appeals held a hearing on Thursday to review a decision made by a three-judge panel in January that has halted construction of the $7.8 billion Atlantic Coast Pipeline.
Motley Fool•10 days agoDuke Energy Corp (DUK) Q1 2019 Earnings Call Transcript
DUK earnings call for the period ending March 31, 2019.
- American City Business Journals•10 days ago
Ruling gives Duke Energy pause about SC investments, CEO tells analysts
Of particular concern are two parts of Duke Energy's rate cases in South Carolina. The first is to hold the company's return on equity in the state to 9.5%. The second is to cut about $154 million in coal-ash cost recovery from Duke's rate request that regulators say are essentially imposed by North Carolina.
- American City Business Journals•10 days ago
Ethics complaint filed against NC senator over Duke Energy-backed bill
The complaint raises questions about Sen. Dan Blue’s work on behalf of Senate Bill 559 and the work that his law firm, Blue LLP, is doing on 32 condemnation cases in North Carolina for the Atlantic Coast Pipeline.
- Market Realist•10 days ago
Where Duke Energy Stock Could Go from Here
Highlights from Duke Energy’s Q1 2019 Earnings(Continued from Prior Part)Moving averagesDuke Energy’s (DUK) recent weakness has brought its stock below its 50-day moving average level, which could be worrying for investors. It is trading 2%
- Market Realist•10 days ago
Highlights from Duke Energy’s Q1 2019 Earnings
Highlights from Duke Energy’s Q1 2019 EarningsDuke Energy’s Q1 EPS fellDuke Energy (DUK), the second-biggest utility by market cap, reported its first-quarter earnings today. It reported adjusted earnings of $1.24 per share for the quarter
- Zacks•10 days ago
Duke Energy (DUK) Q1 Earnings Top Estimates, Revenues Miss
Duke Energy's (DUK) first-quarter 2019 earnings improved year over year driven by solid revenues and increase in operating income.
- MarketWatch•10 days ago
A U.S. recession will knock this asset class hard, says Steve Eisman of ‘The Big Short’ fame
Our call of the day, from Steve Eisman, a hedge-fund trader who made money in the financial crisis by betting against risky mortgage products engineered by some of the world’s biggest banks, says corporate bonds will be at the center of pain for the next U.S. recession.
