ST. PETERSBURG, Fla., Aug. 2, 2024 /PRNewswire/ -- Duke Energy Florida is monitoring and preparing for the approaching tropical storm-like weather expected this weekend and early next week. While the storm's projected path and intensity have been difficult to predict, conditions are favorable for heavy rain, strong winds and flooding, which could lead to widespread outages. "Our staff of meteorologists are closely monitoring weather conditions and we are making preparations with crews and equipment to respo ...

Over $500 million in grants to 20,000+ charitable organizations since 1984 Video on the Duke Energy Foundation's 40th anniversary available here $240,000 in surprise grants awarded to long-standing nonprofit partners (photos available) CHARLOTTE, N.C., Aug. 1, 2024 /PRNewswire/ -- This year marks a significant milestone for the Duke Energy Foundation as it celebrates its 40th anniversary. Born out of the company's historical commitment to citizenship and service, the Foundation has evolved over four decades ...

Duke Energy Corporation (DUK) is scheduled to release its second-quarter 2024 results on Aug 6 before market open. The company delivered an earnings surprise of 3.60% in the last reported quarter. However, Duke Energy holds a negative four-quarter average earnings surprise of 1.11%. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors at Play In the second quarter, the majority of DUK's service territories experienced warmer-than-normal temperature patterns. S ...

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as w ...

The total monthly impact of these rate changes for a residential customer using 1,000 kilowatt-hours (kWh) per month would be a decrease of $19.60, from $142.23 to $122.63. Duke Energy Carolinas serves about 660,000 households and businesses primarily in the Upstate of South Carolina, including Greenville, Spartanburg and Anderson counties. The company's other South Carolina utility – Duke Energy Progress – made its annual fuel filing in April. Duke Energy Carolinas makes no profit from the fuel component o ...

Company offers easy, low- to no-cost tips to lower energy use, increase savings Duke Energy Florida lowered rates twice so far this year ST. PETERSBURG, Fla., July 24, 2024 /PRNewswire/ -- Duke Energy Florida is showing customers easy do-ityourself projects to help maximize energy efficiency through the peak of the sizzling summer heat. The company has also decreased rates in January and again in June. Residential customers are paying approximately $17 per 1,000 kWh less today, compared to one year ago. Cus ...

Duke Energy (DUK) closed at $107.12 in the latest trading session, marking a -0.39% move from the prior day. This move lagged the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw a decrease of 0.06%. The electric utility's stock has climbed by 5.94% in the past month, exceeding the Utilities sector's gain of 0.93% and the S&P 500's gain of 1.96%. The investment community will be paying close attention to the earnings performance of Duke E ...

"North Carolina already ranks fourth in the nation for overall solar power with approximately 45,000 Duke Energy customers generating about 350 megawatts through solar panels," said Meghan Dewey, vice president of products and services for Duke Energy. "PowerPair is a valuable solution for our customers ready to invest in solar plus storage for their homes. It is one of several ways we're helping our customers save energy and money, while continuing to explore new ways to help manage low carbon grids of the ...

Investors should also note that DUK has a PEG ratio of 2.93 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Utility - Electric Power industry stood at 2.58 at the close of the market yesterday. The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 101, finds itself in the top 41% echelons of a ...

ST. PETERSBURG, Fla., July 15, 2024 /PRNewswire/ -- Duke Energy Florida, consumer representatives and business groups reached a comprehensive agreement that increases reliability and advances the clean energy vision for the state, while focusing on ways to assist and pass on savings to customers. Duke Energy Florida has already reduced rates twice this year with reductions in January and June. Residential customers are paying approximately $17 per 1,000 kWh less today, compared to one year ago. If approved, ...