|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||75.38 - 77.30|
|52 Week Range||72.93 - 91.80|
|PE Ratio (TTM)||17.71|
|Earnings Date||May 7, 2018 - May 11, 2018|
|Forward Dividend & Yield||3.56 (4.61%)|
|1y Target Est||82.27|
The N.C. Utilities Commission has ruled that Duke Energy Progress customers are liable for essentially all the costs of cleaning up the utility’s coal-ash operations, but the commission has imposed a $30 million “mismanagement penalty” on the company. The ruling was part of a broader order approving a scaled-back version of Duke's proposed 10.8% rate hike . The commission rejected Duke Progress’ proposal to include a separate $129 million charge Duke wanted to put in the rate base for ongoing costs.
The N.C. Utilities Commission has delayed its hearing on Duke Energy Carolinas’ proposed 13.4% rate hike to March 5, but warned that scheduling conflicts may interrupt the proceedings. Duke Carolinas asked for the delay. The commission is expected to rule March 1 on the 10.8% rate hike sought by sister utility Duke Energy Progress.
-- Funded projects to span 42 counties across North Carolina and South Carolina -- Investment is part of Duke Energy's $10 million multiyear commitment to protect and improve the environment CHARLOTTE, ...
The cost of a controversial natural gas pipeline planned to run through Virginia is expected to increase by more than $1 billon.
The N.C. Utility Commission’s ruling in Duke Progress' proposed 10.8% hike is likely to disclose how regulators will treat some important issues in the Duke Carolinas case. In particular, the ruling will likely make clear where the commission stands on if utility customers must pay the full cost of upgrading Duke's coal-ash operations to meet more stringent new state and federal regulations. “We believe the commission’s order in the (Duke Progress) case is relevant to this case and the way issues are presented,” says Duke spokeswoman Meredith Archie, explaining the request.
N.C. regulators have approved a new competitive bidding process for solar construction in the Carolinas, clearing the way for Duke Energy Corp. to issue requests for construction of 680 megawatts worth of projects in May. Between now and the end of 2021, Duke must seek construction of 2,660 megawatts worth of utility-scale solar projects under the provisions of the “Competitive Energy Solutions for NC Act”, passed by the General Assembly last summer, often referred to by its bill number as HB 589. In broad terms, Duke will issue requests for proposals for four “tranches” of new renewable energy projects over the next 45 months .
According to the Wall Street analyst consensus, Duke Energy (DUK) stock has a mean price target of $84.30 against its current market price of $75.70. Of the 18 analysts currently tracking Duke Energy, 12 have recommended a “hold” for the stock, and one has rated it a “strong buy.” Three analysts have rated it a “buy,” one has rated it a “sell,” and one has rated it a “strong sell” as of February 21, 2018. The chart above shows how analysts’ views on Duke Energy stock have changed over the last few months.
The Sierra Club opposes Duke Energy Corp.’s plan to modify its huge coal-burning Marshall Steam Station to allow units to burn a 30% to 50% mix of natural gas to produce electricity. Duke (DUK) says a significant advantage to the plan will come in the ability to reduce carbon emissions from the plant. Natural gas burns cleaner than coal and produces only about half the carbon dioxide produced in burning coal.
Major stock indexes climbed off the floor Tuesday morning, helped by a turnaround in the bond market as longer-term Treasury yields pulled back from an earlier charge toward new highs. By 1:15 p.m., the Dow Jones Industrial Average was down around 135 points, at 25,081, or 0.55%, after falling more than 200 points in earlier trading. The Nasdaq Composite ticked up another 40 points, to 7279, as technology stocks gained, while the S&P 500 large-cap index and the Russell 2000 small cap index were both flat.
U.S. power provider Duke Energy Corp said on Tuesday it would issue $2 billion in new shares this year to deal with the financial impact of recent tax reforms that it also said would weigh on 2018 earnings growth. "The effects of the lower corporate tax rate, including the dilution from planned equity issuances, will partially offset ... organic growth," said Chief Financial Officer Steve Young said on a post-earnings call. Duke, which serves about 7.6 million customers, said earlier this month that it would pass on savings from the new federal tax laws to North Carolina customers.
Duke Energy Corp. earnings for 2017 were right in line with analysts' expectations. In 2016, Duke had net income of almost $2.2 billion, or $3.71 per diluted share, on revenue totaling a little more than $21.2 billion. Accounting for one time gains and losses, Duke calculated adjusted earnings at $4.69.