In practically any market environment, utility stocks make sense. As I’ve said countless times before, bad things happen when people flip the switch and light fails to emerge. Further, short of food and water, nothing could be more critical than essential services.However, when the economy – while booming in one respect from the blistering job numbers – is facing challenges such as inflation and high interest rates, people tend to monitor their spending. However, they can’t cut the essentials. Therefore, co ...

Key PointsThe Utilities Select Sector SPDR Fund has recently shown notable strength, outperforming the overall market and certain key sectors.The recent outperformance comes amidst heightened tension in the Middle East, uncertainty surrounding interest rates, and a rise in oil prices.Despite a recent downturn in the overall market, XLU has maintained an upward trajectory, gaining nearly 4%, showcasing its impressive relative strength compared to the market.5 stocks we like better than Duke EnergyOne standou ...

Carbon emissions from electric generation are down 48% from 2005 levels Since 2022, helped customers access nearly $377 million in financial support CHARLOTTE, N.C., April 24, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) today released its 2023 Impact Report, its 18th annual accounting of its progress toward its sustainable business goals. This year's report includes highlights from its 2050 clean energy transition strategy, which strives to deliver industry-leading reliability, competitive rates for cust ...

Improving the environmental health and resiliency of North Carolina communities is part of advancing the company's clean energy transition CHARLOTTE, N.C., April 22, 2024 /PRNewswire/ -- This Earth Day, the Duke Energy Foundation awarded $500,000 in grants to local nonprofits in North Carolina focused on environmental justice and climate resiliency. "North Carolina is at the forefront of the energy transition, with local communities experiencing unprecedented growth and opportunity," said Kendal Bowman, D ...

Recognition cites quality tree care, including proper pruning and training in accordance with industry standards Program promotes safe, reliable electric service and abundant, healthy trees Since 2017, the company has given away more than 13,000 trees to help customers conserve energy and maximize environmental benefits through strategic tree planting ST. PETERSBURG, Fla., April 19, 2024 /PRNewswire/ -- The Arbor Day Foundation has recognized Duke Energy Florida for its tree care practices by naming the c ...

Duke Energy (DUK) closed the latest trading day at $95.93, indicating a +1.51% change from the previous session's end. This change outpaced the S&P 500's 0.22% loss on the day. At the same time, the Dow added 0.06%, and the tech-heavy Nasdaq lost 0.52%.The electric utility's shares have seen a decrease of 0.95% over the last month, surpassing the Utilities sector's loss of 7.82% and the S&P 500's loss of 1.66%.The investment community will be closely monitoring the performance of Duke Energy in its forthcom ...

On April 18, Duke Energy celebrates the men and women who keep the lights on for customers every day Lineworkers play a critical role in the clean energy transition and building the grid of the future Over the past seven years, Duke Energy and its Foundation have invested nearly $4 million to strengthen its lineworker talent pipeline CHARLOTTE, N.C., April 16, 2024 /PRNewswire/ -- When the lights go out – whether it is from severe weather, vehicle accidents or animal interference – lineworkers respond by ...

During storm season, additional Duke Energy crews may be on the roads to repair damaged power lines or infrastructure Speeding and distracted driving are the leading contributing factors in vehicle accidents National Work Zone Awareness Week is April 15-19 CHARLOTTE, N.C., April 15, 2024 /PRNewswire/ -- As the start of the 2024 storm season approaches, Duke Energy reminds the public that crews and other utility personnel often work along roadways maintaining and repairing power lines and other utility inf ...

National Lineworker Appreciation Day, April 18, recognizes the men and women who power the lives of millions across the country More than $1.8 million invested in college lineworker programs to strengthen the talent pipeline in Florida ST. PETERSBURG, Fla., April 11, 2024 /PRNewswire/ -- As the energy industry continues to evolve, one thing remains: The job of a lineworker is critical to the safe and efficient delivery of power for customers now and into the future. On April 18, Duke Energy recognizes Nat ...

Duke Energy Corp. (DUK) is set to administer its application, PowerPair, for installing residential solar power generation with battery energy storage for its customers in North Carolina. PowerPair is a new incentive-based pilot program offered to DUK’s customers in Duke Energy Carolinas and Duke Energy Progress service areas.Duke Energy has developed PowerPair in partnership with several stakeholder groups under the guidance of the North Carolina Utility Commission.Benefits of the ProgramThis one-time ince ...