Core Insights - Duke Energy and GE Vernova have formed a significant partnership to supply natural gas turbines and associated equipment to address the increasing energy demands from advanced manufacturing and data centers [1][9] - The partnership includes a plan to advance projects for up to 11 7HA gas turbines, complementing eight recently secured turbines, aligning with Duke Energy's integrated resource plans [2][9] - The collaboration is part of a broader strategy to enhance energy reliability and keep customer costs low while preparing for future growth scenarios [2][3] Company Overview - Duke Energy is a major energy holding company serving 8.6 million customers across several states, with a total energy capacity of 55,100 megawatts [5] - The company is actively pursuing an energy transition focused on reliability and value, investing in electric grid upgrades and cleaner energy sources, including natural gas, nuclear, renewables, and energy storage [6] Investment and Expansion - GE Vernova is expanding its Greenville, S.C. facility as part of a nearly $600 million investment in U.S. manufacturing over the next two years, which includes a $300 million investment in its Gas Power business [3] - This expansion aims to replace legacy manufacturing processes with lean manufacturing lines, increasing supplier capacity and creating over 1,500 new jobs [3] Strategic Benefits - The arrangement allows Duke Energy to utilize existing infrastructure, including transmission capabilities, which will significantly reduce costs and expedite the time to market for new energy solutions [4] - GE Vernova's commitment to developing innovative solutions is highlighted as essential for meeting current and future energy demands [4][10]

GREENVILLE, S.C., April 23, 2025 /PRNewswire/ -- Throughout the month of April, Duke Energy is highlighting the importance of sustainability of our state's natural assets with $375,000 in grants to organizations that manage and provide support to state and local parks, tree planting and advocacy, trail maintenance and litter prevention. Why it matters: By educating ourselves about environmental issues and making small changes, such as reducing plastic use, recycling, conserving energy and planting trees, we ...

Company Performance - Duke Energy (DUK) closed at $122.53, marking a +1.96% move from the prior day, but underperformed compared to the S&P 500's gain of 2.51% [1] - Over the last month, Duke Energy's shares increased by 1.71%, outperforming the Utilities sector's loss of 0.57% and the S&P 500's loss of 8.86% [1] Upcoming Financial Results - Duke Energy is set to announce its earnings on May 6, 2025, with projected earnings of $1.62 per share, representing a year-over-year growth of 12.5% [2] - The consensus estimate forecasts revenue of $8 billion, indicating a 4.26% growth compared to the same quarter of the previous year [2] Full Year Projections - For the full year, Zacks Consensus Estimates project earnings of $6.32 per share and revenue of $31.72 billion, reflecting changes of +7.12% and +4.48% respectively from the prior year [3] Analyst Estimates and Stock Performance - Recent changes to analyst estimates for Duke Energy are crucial as they reflect near-term business trends and analysts' confidence in the company's performance [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Duke Energy at 4 (Sell) [6] Valuation Metrics - Duke Energy has a Forward P/E ratio of 19, indicating a premium compared to its industry's Forward P/E of 17.98 [6] - The company has a PEG ratio of 3, while the average PEG ratio for Utility - Electric Power stocks is 2.68 [7] Industry Ranking - The Utility - Electric Power industry holds a Zacks Industry Rank of 37, placing it within the top 15% of over 250 industries, suggesting strong performance potential [8]

CHARLOTTE, N.C., April 17, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) will hold its annual shareholders meeting online on Thursday, May 1, at 1 p.m. ET. Duke Energy President and CEO Harry Sideris will provide an overview of the company's 2024 performance and energy modernization progress to meet growing demand and continue delivering value for stakeholders.   Shareholders will be able to participate in the meeting, vote on company and shareholder proposals, and submit questions. Questions will be answere ...

Lineworkers are helping build a smarter, stronger grid Duke Energy lineworkers restored more than 3.1 million customer outages after Hurricane Helene CHARLOTTE, N.C., April 15, 2025 /PRNewswire/ -- On April 18, Duke Energy celebrates National Lineworker Appreciation Day – a day to recognize the service, commitment and sacrifices of lineworkers, team members who are critical to ensuring customers have access to safe and reliable electricity.   Why it matters: Lineworkers provide an invaluable service to co ...

CINCINNATI, April 11, 2025 /PRNewswire/ -- Duke Energy Foundation is donating $17,500 to two local chapters of the American Red Cross providing support for those impacted by the recent severe storms and flooding across Greater Cincinnati."Our region continues to be impacted by the storms and flooding we've seen over the last week," said Rhonda Whitaker Hurtt, vice president of community relations for Duke Energy Ohio/Kentucky. "The American Red Cross plays a key role in helping our friends and neighbors rec ...

Funding will support home rebuilding, debris removal, mental health services and other community needs Grants of $25,000 each awarded to 20 high-impact local nonprofits focused on long-term recovery CHARLOTTE, N.C., April 10, 2025 /PRNewswire/ -- As part of its commitment to supporting a full recovery in western North Carolina following Hurricane Helene, Duke Energy Foundation today announced $500,000 in new funding to 20 local nonprofits. The organizations receiving funding are meeting expansive communit ...

In an era of economic uncertainty and market volatility, the quest for reliable income has become increasingly important for investors. While growth stocks may capture headlines, dividend-paying companies form the backbone of many successful retirement portfolios. The appeal is straightforward: regular cash payments that arrive regardless of market conditions, providing a dependable income stream when it's needed most. High-yield dividend stocks are particularly attractive in the current environment. With i ...

License extension supports growing energy demand, helps keep customer costs as low as possible CHARLOTTE, N.C., April 8, 2025 /PRNewswire/ -- Duke Energy announced today its submission of a subsequent license renewal application to the U.S. Nuclear Regulatory Commission (NRC) for Robinson Nuclear Plant, located near Hartsville, S.C. The application requests extending the plant's operations for an additional 20 years. Through the years, Robinson has earned industry recognition for its commitment to innovatio ...

Group 1: Company Performance - Duke Energy (DUK) closed at $116.86, reflecting a -1.74% change from the previous day, underperforming the S&P 500's daily loss of 0.23% [1] - Over the last month, Duke Energy's shares increased by 1.88%, outperforming the Utilities sector's loss of 1.67% and the S&P 500's loss of 12.13% [1] Group 2: Upcoming Earnings - Duke Energy is projected to report earnings of $1.60 per share, indicating year-over-year growth of 11.11% [2] - The consensus estimate for quarterly revenue is $7.98 billion, representing a 4% increase from the previous year [2] Group 3: Full-Year Estimates - Full-year Zacks Consensus Estimates predict earnings of $6.32 per share and revenue of $31.72 billion, reflecting year-over-year changes of +7.12% and +4.48%, respectively [3] Group 4: Analyst Estimates and Stock Performance - Recent modifications to analyst estimates for Duke Energy indicate changing business trends, with upward revisions suggesting analysts' positivity towards the company's operations [4] - Adjustments in estimates are correlated with stock price performance, and investors can utilize the Zacks Rank for actionable insights [5] Group 5: Zacks Rank and Valuation - Duke Energy currently holds a Zacks Rank of 4 (Sell), with a consensus EPS projection that has decreased by 0.07% in the past 30 days [6] - The Forward P/E ratio for Duke Energy is 18.81, which is a premium compared to the industry's average Forward P/E of 17.46 [6] Group 6: PEG Ratio and Industry Ranking - Duke Energy has a PEG ratio of 2.97, compared to the Utility - Electric Power industry's average PEG ratio of 2.69 [7] - The Utility - Electric Power industry ranks in the top 20% of all industries, with a Zacks Industry Rank of 48 [7][8]