Duke Energy’s (DUK) solid investment plan over the next five years to maintain and upgrade its infrastructure should boost the company’s performance. It will further benefit from a strong solvency position.Let’s explore the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.Growth ProjectionsDuke Energy’s long-term (three to five-year) earnings growth rate is pegged at 5.3%.The Zacks Consensus Estimate for DUK’s 2024 earnings per share (EPS) stands at $5.97, indicating ...

Funding will go to enrichment, mentoring and family skills programs in African American communities   GREENVILLE, S.C., Feb. 15, 2024 /PRNewswire/ -- In recognition of Black History Month, the Duke Energy Foundation has provided $75,000 in grants to organizations in South Carolina that serve African American communities with programs, services and cultural experiences. "For nearly 50 years, we have taken time in February to celebrate the immeasurable contributions Black people have made to our nation, our ...

Funding will support 34 nonprofit and government agencies across the company's Indiana service territory PLAINFIELD, Ind., Feb. 15, 2024 /PRNewswire/ -- First responders across Indiana, including local police, fire and emergency management agencies (EMAs), will benefit from more than $200,000 in grants from the Duke Energy Foundation. The funding will help public safety agencies increase their response capabilities during severe weather and other emergencies through advanced preparation, planning, equipme ...

Relentless high shelter prices weighed on consumers, with broader price pressures increasing more than anticipated in January. The Labor Department noted that the consumer price index (CPI), which measures the prices of indispensable goods and services that American citizens have to bear, increased 0.3% month over month in January, more than the estimated monthly increase of 0.2%.The yearly consumer inflation rate may have fallen to 3.1% in January from December’s 3.4%, but it still hasn’t declined below th ...

Key PointsDuke Energy stock is down after missing on the top and bottom lines. The results show that the company is still wrestling with higher-for-longer interest rates. The utilities sector was the worst-performing sector in 2023, but that could be ready to change. Solid fundamentals and a more attractive valuation make DUK stock an attractive choice for investors looking to stay ahead of inflation.  5 stocks we like better than Duke EnergyDuke Energy Corp. NYSE: DUK is down 3.9% since missing on the top ...

CHARLOTTE, N.C., Feb. 9, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) has been recognized by Fortune magazine as one of the World's Most Admired Companies for 2024. This is the seventh consecutive year the company has made the list, ranking as one of the top four gas and electric utilities for the third year in a row.   "Providing safe, reliable and affordable energy is foundational to serving our customers and communities. It is an honor for Duke Energy to be recognized by industry peers, directors and ana ...

U.S. utility company Duke Energy will reportedly decommission industrial batteries manufactured by Chinese company CATL connected to a green energy project at Marine Corps Base Camp Lejeune in North Carolina. The company also plans to phase out CATL products at its civilian projects after U.S. lawmakers raised national security concerns about CATL's ties to the Chinese government and hackers targeting critical U.S. infrastructure, including the power grid, Reuters reported."In partnership with policymakers ...

Duke Energy Corporation (NYSE:DUK) Q4 2023 Earnings Conference Call February 8, 2024 10:00 AM ET Company Participants Abby Motsinger - Vice President-Investor Relations Lynn Good - Chair, President & Chief Executive Officer Brian Savoy - Executive Vice President & Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America Steve Fleishman - Wolfe Research David Arcaro - Morgan Stanley Nicholas Campanella - Barclays Durgesh Chopra - Evercor ...

Duke Energy Corporation (DUK) reported fourth-quarter 2023 adjusted earnings of $1.51 per share, which missed the Zacks Consensus Estimate of $1.54 by 1.9%. However, the bottom line increased 36% year over year.Including one-time adjustments, the company reported GAAP earnings of $1.27 per share against the year-ago quarter’s loss of 86 cents.For 2023, the company reported adjusted earnings of $5.56 per share, which missed the Zacks Consensus Estimate of $5.59 by 0.5%. However, the bottom line increased 5.5 ...

Financial assistance and energy-saving tools and tips are available to help customers ST. PETERSBURG, Fla., Feb. 7, 2024 /PRNewswire/ -- As winter temperatures continue to fluctuate in Florida, Duke Energy is reminding customers of resources, tips and tools to help them manage energy usage and reduce their utility bills. For December and January, Duke Energy meteorologists reported peak highs in the upper 70s to mid-80s, with peak lows in the 30s and mid-40s. And while these temperature swings are typical ...