Duke Energy Corp Stock Price, News & Analysis

Duke Energy (DUK) has allocated $200,000 to its Share the Light Fund to assist low-income Indiana customers with summer energy costs. Working with the Indiana Community Action Association, the program offers up to $300 per qualifying customer for energy bills, deposits, and connection charges. Over the past five years, Duke Energy's fund has provided over $4 million in assistance, helping nearly 15,000 Indiana households. The company also offers various energy management tools including Usage Alerts, free Home Energy House Calls, and flexible payment plans. Duke Energy Indiana serves approximately 910,000 customers across a 23,000-square-mile service area with 6,300 megawatts of owned electric capacity.

Duke Energy Foundation is providing $500,000 in grants through its 2025 HERO Grant Program to support severe weather emergency preparedness across South Carolina. The program will distribute grants up to $20,000 each to 38 nonprofits and government agencies for training, life-saving equipment, and innovative technology. This marks the fourth year of the annual microgrant program, bringing total support to $2 million since its inception. The initiative comes in response to Hurricane Helene's historic impact on South Carolina, helping local governments and first responders enhance their disaster planning and recovery operations. Notable recipients include the North Spartanburg Firefighters Foundation for drone equipment, Florence Fire Department for a vehicle repeater system, and the South Carolina EMS Association for coordinated medical response improvements.

Duke Energy (NYSE: DUK) has announced its first-quarter 2025 financial results, which are available on the company's website. CEO Harry Sideris and CFO Brian Savoy will discuss the results and business updates in an investor presentation on May 6, 2025, at 10 a.m. ET.

Duke Energy, a Fortune 150 company, serves 8.6 million electric utility customers across six states and 1.7 million natural gas customers across five states. The company owns 55,100 megawatts of energy capacity and is focused on an energy transition strategy that includes grid upgrades and investments in cleaner generation sources including natural gas, nuclear, renewables, and energy storage.

Duke Energy (NYSE: DUK) announced several key leadership changes following the planned retirement of Julie Janson, EVP and CEO of Duke Energy Carolinas, effective July 1, 2025. After 37 years with the company, Janson will step down from her role overseeing Duke Energy Carolinas and the Natural Gas Business Unit. The company announced three major appointments: Kodwo Ghartey-Tagoe will succeed Janson as EVP and CEO of Duke Energy Carolinas, Alex Glenn will become EVP and chief legal officer, and Louis Renjel will take over as EVP and CEO of Duke Energy Florida and Midwest while maintaining his role as chief corporate affairs officer. Additionally, Cameron McDonald will join the senior management committee, and David Maltz will add corporate secretary to his responsibilities.

Duke Energy (NYSE: DUK) highlighted its strategic progress and future plans during its annual shareholder meeting. CEO Harry Sideris announced a substantial $83 billion capital investment plan over the next five years, focusing on infrastructure modernization and load growth. The company achieved significant milestones in 2024, including securing approvals for $45 billion in rate-based investments across multiple states and preventing over 2.3 million customer outages through grid improvements. Duke Energy plans to add 5 gigawatts of natural gas generation through 2029 and is partnering with TVA and GE Hitachi to advance small modular reactor technology. The company successfully managed the most significant hurricane season in its history, supported by $10 billion in grid resiliency investments over the past three years.

Duke Energy (NYSE: DUK) has declared its quarterly cash dividend of $1.045 per share on its common stock, payable on June 16, 2025, to shareholders of record as of May 16, 2025. Additionally, the company announced a quarterly cash dividend on its Series A preferred stock of $359.375 per share ($0.359375 per depositary share) with the same payment and record dates.

Notably, Duke Energy has maintained an impressive track record of paying cash dividends on its common stock for 99 consecutive years. The company serves 8.6 million electric utility customers across six states and 1.7 million natural gas customers across five states, with a total energy capacity of 55,100 megawatts.

Duke Energy celebrated a significant achievement as 30 lineworkers from North and South Carolina earned spots at the prestigious International Lineman's Rodeo in Bonner Springs, Kansas, scheduled for October 18. The qualifiers emerged from the Carolinas Lineman's Rodeo, where they demonstrated excellence in essential skills like equipment repair, pole climbing, and rescue operations.

Notable winners include Max Blackwell from Virgilina, who secured Overall Best Apprentice, and the team of Tyler Manick, Tyler Nickols, and Joshua Buckner from North Carolina, who claimed Overall Best Journeyman Team. The competition was particularly meaningful as participants had previously supported Hurricane Helene response efforts.

The event showcased Duke Energy's commitment to workforce development, with strong community involvement including 33 company volunteers, 56 students and staff from eight community colleges, and 72 judges. As Duke Energy continues expanding its modern and resilient grid to meet growing energy demands, these skilled lineworkers play a crucial role in maintaining and enhancing the power infrastructure serving 8.6 million customers across six states.

Duke Energy Foundation has announced a $500,000 commitment to support local environmental impact programs across North Carolina. Eligible nonprofit organizations can apply for grants up to $25,000 until June 30, 2025. The funding will support programs focused on improving natural environments, enhancing community resilience, promoting land conservation, advancing clean water initiatives, and supporting biodiversity.

Over the past two years, the Foundation has funded more than 50 environmental initiatives in North Carolina, including coastal restoration work, wildlife habitat rehabilitation, and environmental science education programs. The Foundation, funded by Duke Energy shareholders, provides over $30 million annually in philanthropic support.

Duke Energy (NYSE: DUK), a Fortune 150 company, serves 8.6 million electric customers across six states and 1.7 million natural gas customers across five states, with 55,100 megawatts of energy capacity.

Duke Energy (NYSE: DUK) and GE Vernova (NYSE: GEV) have announced a major partnership for the procurement of up to 11 7HA natural gas turbines and associated equipment. This arrangement, announced on April 24, 2025, aims to address growing energy demands from advanced manufacturing, data centers, and population growth.

The partnership builds upon Duke Energy's existing procurement of eight 7HA gas turbines and aligns with the company's integrated resource plans. GE Vernova will manufacture these turbines at their expanded Greenville, S.C. facility, part of a $600 million investment in U.S. manufacturing, including nearly $300 million in its Gas Power business.

The expansion will create over 1,500 new jobs and implement lean manufacturing lines. Duke Energy plans to install these assets at existing facilities, leveraging current infrastructure and transmission capabilities to reduce costs and accelerate deployment timeframes.