Duke Energy Stock News

Debby's rain and wind caused more than 520,000 power outages for Duke Energy customers in the Carolinas Fewer than 10,000 customers remain without power as of noon and should be restored by tonight Duke Energy thanks customers for their patience and communities for their support CHARLOTTE, N.C. , Aug. 9, 2024 /PRNewswire/ -- Duke Energy restored power to more than 95% of Carolinas customers aff...

CHARLOTTE, N.C. , Aug. 9, 2024 /PRNewswire/ -- As Tropical Storm Debby moves beyond the Carolinas, Piedmont Natural Gas is closely monitoring for damages caused by heavy rains and flooding.

7,500 lineworkers, vegetation workers and support personnel strategically positioned Power restored to about 190,000 customers as of noon today CHARLOTTE, N.C. , Aug. 8, 2024 /PRNewswire/ -- Tropical Storm Debby continues to impact the Carolinas, and Duke Energy's 7,500 lineworkers, vegetation workers and other support personnel are either restoring power or strategically positioned to move onc...

Duke Energy NYSE: DUK is in the utilities sector and is the third-largest electric utility company in the United States and Canada by market capitalization. The firm has outperformed its sector and the market in 2024, with a total return of 19%.

Utility stocks are looking attractive after wandering in the wilderness for the past couple of years due to high inflation and interest rates. High prices caused pushback on utility rate increases, while the capital-intensive nature of their operations left them languishing in the high interest rate environment.

Utilities & Real Estate leading the stock market in the last month, suggesting late-cycle market behavior. Duke Energy reported a solid Q2, with positive load growth trends and cost control by the management team. I have a hold rating on the stock, though, as I see shares near fair value.

Advanced automated technology, year-round grid strengthening work accelerates rapid response during powerful storm Company has restored more than 330,000 customers since Sunday morning, with approximately 5,000 customers remaining as of 3:15 p.m. ST. PETERSBURG, Fla.

CHARLOTTE, N.C. , Aug. 7, 2024 /PRNewswire/ -- As Tropical Storm Debby makes its way into the Carolinas tomorrow, Duke Energy has 7,500 lineworkers, vegetation management and other workers, including 300 traveling from the Midwest to help support storm restoration efforts.