DUK - Duke Energy Corporation

NYSE - NYSE Delayed Price. Currency in USD
79.39
+1.82 (+2.35%)
At close: 4:02PM EDT

79.23 -0.16 (-0.20%)
After hours: 6:48PM EDT

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Previous Close77.57
Open76.43
Bid78.46 x 900
Ask80.69 x 800
Day's Range76.24 - 79.96
52 Week Range62.13 - 103.79
Volume3,378,532
Avg. Volume4,417,242
Market Cap58.275B
Beta (5Y Monthly)0.21
PE Ratio (TTM)15.70
EPS (TTM)5.06
Earnings DateMay 11, 2020
Forward Dividend & Yield3.78 (4.87%)
Ex-Dividend DateFeb 12, 2020
1y Target Est100.57
  • How rising power costs have put deregulation study in play for Carolinas utilities
    American City Business Journals

    How rising power costs have put deregulation study in play for Carolinas utilities

    Fear of rising rates, objections to the $8.5 billion-plus bill to clean up coal-ash problems and anger over a $9 billion failed nuclear project combined with changing politics have put utility regulation reform on the table in the Carolinas.

  • Duke University study recommends Southeast states, utilities consider RTO to cut power costs
    American City Business Journals

    Duke University study recommends Southeast states, utilities consider RTO to cut power costs

    Such a broad wholesale power market would eaken the monopoly on power sales enjoyed by major southern power companies like Duke Energy Corp., Dominion Energy Inc., The Southern Co. and NextEra Energy.

  • Duke Energy Florida takes action to reduce residential customer bills by nearly 21% in May during the COVID-19 pandemic
    PR Newswire

    Duke Energy Florida takes action to reduce residential customer bills by nearly 21% in May during the COVID-19 pandemic

    Duke Energy Florida today filed a plan to significantly reduce customers' bills for the May 2020 billing cycle, providing much-needed relief to customers during the COVID-19 pandemic.

  • What Duke Energy's latest agreement with NC customer advocate means for proposed rate increase
    American City Business Journals

    What Duke Energy's latest agreement with NC customer advocate means for proposed rate increase

    Duke Energy Carolinas and North Carolina's customer advocate have compromised on some of the utility's rate-hike request. But it bridges little of the difference between the 6% increase Duke wants and the 7% cut the advocate proposes.

  • U.S. Utilities Line Up Over $15 Billion as Virus Roils Markets
    Bloomberg

    U.S. Utilities Line Up Over $15 Billion as Virus Roils Markets

    (Bloomberg) -- U.S. utilities have lined up more than $15 billion in cash and credit as uncertainty over the coronavirus strains the short-term debt market.Electricity giants including American Electric Power Co., Duke Energy Corp. and Dominion Energy Inc. have sold bonds, entered into new credit facilities or drawn on existing lines to boost liquidity. It follows a surge in costs in the commercial paper market, forcing companies to look for alternatives.“We expect to continue to see utilities drawing on credit lines,” Shahriar Pourreza, an analyst at Guggenheim Securities LLC, said in a research note, citing AEP’s $1 billion credit agreement announced Monday. The move is a conservative stance to shore up funds, he said. “We do not see it in any way a sign of overall liquidity risk.”Utilities have also benefited from their defensive nature to issue new debt as the corporate bond market has been open mostly to the highest-quality investment-grade issuers. Banks have enjoyed similar status in comprising much of the recent supply, as well as frequent telecom and media issuers including Verizon Communications Inc. and Comcast Corp.New York utility Consolidated Edison Inc was the latest to tap the credit market with two bond offerings Thursday totaling $1.6 billion. That’s pushed the total amount sold by power and gas suppliers this month to about $9.6 billion, adding to at least $6 billion in new credit lines with banks, according to data compiled by Bloomberg. Xcel Energy Inc. is also seeking to sell $500 million in notes.It has come at a higher cost, as the coronavirus sell-off has sent bond prices down. NextEra Energy Inc.’s $1.1 billion sale of five-year notes Tuesday, through its Florida Power & Light subsidiary, priced at 237.5 basis points over comparable Treasuries. That’s more than twice as much as the company agreed to pay in a similar deal a year ago.NextEra declined to comment.Duke was still able to lock in record-low rates in a sale of $550 million in 30-year notes. Last week the company announced it had a new $1.5 billion term loan and borrowed $500 million from an existing line.“The majority of the funding will be used to reduce our commercial paper balances,” spokesman Neil Nissan said by email. “When the short-term funding markets return to a more stable environment, we may elect to rely on commercial paper like normal.”Other deals include AEP’s $1 billion credit agreement, which the company will use in part to pay down short-term debt. “We took these actions to fortify our liquidity in the challenging markets,” AEP spokeswoman Melissa McHenry said by email. The company earlier this month also raised almost $1.2 billion through bond offerings.Dominion tapped $1.2 billion in new bank lines while selling $750 million in notes last week, although the bonds were already part of its 2020 financing plans, spokesman Ryan Frazier said.“Yet given market volatility, Dominion Energy has taken prudent steps to increase liquidity via other financing transactions,” he said, noting that Dominion has no plans to drawn on its $6 billion master credit facility.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Ameren Unit Receives Approval for Electric Rate Decrease
    Zacks

    Ameren Unit Receives Approval for Electric Rate Decrease

    Ameren's (AEE) recent rate cut will boost savings for customers and will instill optimism in the service provider.

  • Utilities Offer Services Despite Dues Amid Coronavirus Woes
    Zacks

    Utilities Offer Services Despite Dues Amid Coronavirus Woes

    Utilities are doing their bit in assisting customers in their fight against coronavirus.

  • Top Ranked Income Stocks to Buy for March 25th
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    Top Ranked Income Stocks to Buy for March 25th

    Top Ranked Income Stocks to Buy for March 25th

  • The Zacks Analyst Blog Highlights: Visa, Bank of America, Citigroup, Netflix and Duke Energy
    Zacks

    The Zacks Analyst Blog Highlights: Visa, Bank of America, Citigroup, Netflix and Duke Energy

    The Zacks Analyst Blog Highlights: Visa, Bank of America, Citigroup, Netflix and Duke Energy

  • Top Stock Reports for Visa, Bank of America & Citigroup
    Zacks

    Top Stock Reports for Visa, Bank of America & Citigroup

    Top Stock Reports for Visa, Bank of America & Citigroup

  • Top Ranked Income Stocks to Buy for March 24th
    Zacks

    Top Ranked Income Stocks to Buy for March 24th

    Top Ranked Income Stocks to Buy for March 24th

  • NiSource's (NI) Long-Term Modernization Program Bodes Well
    Zacks

    NiSource's (NI) Long-Term Modernization Program Bodes Well

    NiSource (NI) anticipates delivering targeted earnings and dividend growth of 5-7% annually through 2022 depending on other long-term growth opportunities.

  • Barrons.com

    Utilities Slid Last Week, but They Still Offer a Defensive Dividend Haven

    While utilities could come under pressure during the coronavirus crisis, some analysts say the stocks should continue to play their defensive role while also giving investors an attractive yield.

  • Duke Energy jumps on low interest rates, working out a $1.5B loan from international banks
    American City Business Journals

    Duke Energy jumps on low interest rates, working out a $1.5B loan from international banks

    The company says the loan is unrelated to Moody’s Investors Service identifying the company as one of a few utilities that could face a credit squeeze if economic repercussions from the COVID-19 outbreak continue to worsen.

  • Duke Energy looks at financial relief for customers, employees
    American City Business Journals

    Duke Energy looks at financial relief for customers, employees

    The company has donated $1.3 million to the Duke Energy Foundation and enacted several initiatives aimed at helping its employees and customers.

  • Barrons.com

    A Portfolio to Hedge the Virus Crisis

    Instinet’s Joe Mezrich devised a combination of long and short bets that’s gained more than 30% since the start of March, while the S&P 500 dove 19%.

  • Piedmont Natural Gas and Duke Energy take new steps to help customers, communities and employees in wake of COVID-19
    PR Newswire

    Piedmont Natural Gas and Duke Energy take new steps to help customers, communities and employees in wake of COVID-19

    Piedmont Natural Gas and its parent company, Duke Energy, today announced a comprehensive set of steps to help customers, communities and employees manage the economic hardship caused by COVID-19.

  • American Water Californian Unit Provides Service Despite Dues
    Zacks

    American Water Californian Unit Provides Service Despite Dues

    American Water Works (AWK) decides to support customers in California and continue to provide its services even if they fail to clear their utility service dues.

  • Reuters

    US power industry may ask key employees to live at work if coronavirus worsens

    WASHINGTON/NEW YORK, March 20 (Reuters) - The U.S. electric industry may ask essential staff to live on site at power plants and control centers to keep operations running if the coronavirus outbreak worsens, and has been stockpiling beds, blankets, and food for them, according to industry trade groups and electric cooperatives. The contingency plans, if enacted, would mark an unprecedented step by power providers to keep their highly-skilled workers healthy as both private industry and governments scramble to minimize the impact of the global pandemic that has infected more than 227,000 people worldwide. “The focus needs to be on things that keep the lights on and the gas flowing,” said Scott Aaronson, vice president of security and preparedness at the Edison Electric Institute (EEI), the nation’s biggest power industry association.

  • Duke Energy and Piedmont Natural Gas take new steps to help customers, communities and employees in wake of COVID-19
    PR Newswire

    Duke Energy and Piedmont Natural Gas take new steps to help customers, communities and employees in wake of COVID-19

    Duke Energy and Piedmont Natural Gas today announced a comprehensive set of steps to help customers, communities and employees manage the economic hardship caused by COVID-19.

  • North Carolina's slowdown in new solar construction counters national trend
    American City Business Journals

    North Carolina's slowdown in new solar construction counters national trend

    North Carolina has seen its solar growth slowing even as the industry is growing faster elsewhere in the South.

  • Report: Duke Energy among handful of utilities with rate-hike risks due to coronavirus
    American City Business Journals

    Report: Duke Energy among handful of utilities with rate-hike risks due to coronavirus

    Uncertainty over the coronavirus and a looming recession may make regulators less likely to approve significant rate hikes for Duke Energy and a handful of other utilities, analysts with SSR say.

  • N.C. Utilities Commission delays Duke Energy rate-hike hearing amid coronavirus fears
    American City Business Journals

    N.C. Utilities Commission delays Duke Energy rate-hike hearing amid coronavirus fears

    The N.C. Utilities Commission issued the postponement less than an hour after Duke asked the hearing be delayed at least 60 days, citing the “escalating health and safety crisis” surrounding the spread of the coronavirus.

  • This controversial energy stance splits top Democrats — and likely the country
    MarketWatch

    This controversial energy stance splits top Democrats — and likely the country

    The debate over controversial fracking in 2020 battleground state Pennsylvania — especially as the U.S. tightens its clasp on energy independence — divides the last Democrats vying for the party’s presidential nod. Their pro-fracking rival, incumbent Donald Trump, won the state as part of his unexpected march to the White House four years ago.

  • GuruFocus.com

    6 Utilities Gurus Are Buying

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