Duke Energy Corp Stock Price, News & Analysis

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.

Duke Energy Foundation is marking Earth Month by awarding $375,000 in grants to 24 nonprofit and governmental organizations across South Carolina. The initiative focuses on sustaining natural resources through park management, tree planting, trail maintenance, and litter prevention efforts.

The grants support various organizations including South Carolina State Parks, Foothills Trail Conservancy, and TreesUpstate, among others. Duke Energy employees have also volunteered their time in April, participating in five organized trash pickups across the state.

The funding aims to protect and enhance South Carolina's natural assets during a period of significant population growth. Through the Energy Savings Tree Giveaway program, the initiative has helped thousands of Upstate residents reduce electricity costs. Duke Energy (NYSE: DUK), serving 8.6 million electric customers across six states, continues its commitment to environmental stewardship while executing an ambitious energy transition focused on grid upgrades and cleaner generation.

Duke Energy (NYSE: DUK) has announced its annual shareholders meeting will be held virtually on May 1, 2025, at 1 p.m. ET. During the meeting, President and CEO Harry Sideris will present the company's 2024 performance review and discuss energy modernization initiatives.

Shareholders will have the opportunity to participate remotely, cast votes on company and shareholder proposals, and submit questions. The meeting will be accessible online (preferably via Google Chrome) or by phone, with details available in Duke Energy's proxy statement.

As a Fortune 150 company, Duke Energy serves 8.6 million electric 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 actively pursuing an energy transition strategy focused on grid upgrades, cleaner generation, and investments in natural gas, nuclear, renewables, and energy storage.

Duke Energy (DUK) is celebrating National Lineworker Appreciation Day on April 18, 2025, honoring the critical workforce that maintains power grid reliability. The company's lineworkers demonstrated exceptional service during Hurricane Helene (September 26, 2024), restoring over 3.1 million customer outages across the Carolinas, Florida, and Midwest.

The hurricane response involved 23,000 field personnel from 19 states and Canada, requiring the replacement of 14,000 power poles and 9 million feet of wire. Duke Energy currently employs more than 10,000 lineworkers and technicians, including substation and relay specialists.

The company partners with 22 community college training programs and has committed over $3.3 million in grant funding since 2020 to support lineworker programs. This investment reflects the growing demand for skilled workers as Duke Energy expands its grid infrastructure and improvement projects across its service areas.