Duke Energy Customers Save Over $1 Billion on Bills Since 2019
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 hour ago
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Source: PRnewswire
- Significant Energy Savings: Since 2019, customers participating in Duke Energy's efficiency programs have collectively saved over $1 billion on their bills, demonstrating the tangible benefits of energy-saving measures during colder months and alleviating customer financial burdens.
- Increased Customer Engagement: Duke Energy encourages customers to take proactive control of their energy usage through various efficiency programs, particularly as frigid temperatures approach, helping them effectively manage increased energy demands during extreme cold.
- Strategic Energy Transition: Duke Energy is executing a comprehensive strategy involving major electric grid upgrades and investments in cleaner generation sources, including natural gas, nuclear, renewables, and energy storage, aimed at enhancing customer reliability and value while fostering a smarter energy future.
- Extensive Service Network: As one of America's largest energy holding companies, Duke Energy serves 8.6 million electric customers across North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, with a total energy capacity of 55,100 megawatts, solidifying its leadership position in the energy market.
DUK.N$0.0000%Past 6 months

No Data
Analyst Views on DUK
Wall Street analysts forecast DUK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DUK is 138.13 USD with a low forecast of 126.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast DUK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DUK is 138.13 USD with a low forecast of 126.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 114.390

Current: 114.390

Neutral
downgrade
$136 -> $126
Reason
JPMorgan lowered the firm's price target on Duke Energy to $126 from $136 and keeps a Neutral rating on the shares. The firm updated models in the North American utilities group.
BMO Capital
James Thalacker
Outperform
maintain
$138 -> $136
Reason
BMO Capital
James Thalacker
BMO Capital analyst James Thalacker lowered the firm's price target on Duke Energy to $136 from $138 and keeps an Outperform rating on the shares after its Q3 results. The management expects to announce a $95B-$105B 2026-2030 CapEx plan with Q4 results, implying 8.5% rate base growth, with incremental equity funding 30%-50% of higher CapEx, the analyst tells investors in a research note.
NULL -> Outperform
maintain
$132 -> $140
Reason
Mizuho raised the firm's price target on Duke Energy to $140 from $132 and keeps an Outperform rating on the shares.
RBC Capital
Stephen D'Ambrisi
resume
$143
Reason
RBC Capital
Stephen D'Ambrisi
RBC Capital analyst Stephen D'Ambrisi resumed coverage of Duke Energy with a Sector Perform rating and $143 price target. Over the last two years, Duke has high graded the portfolio, improved the balance sheet, and secured better regulatory structures, the analyst tells investors in a research note. The firm added it believes the recent 2%-3% outperformance and current 1% premium compared to the large cap regulated electric group adequately reflect the improvements the company has achieved over the past year.
About DUK
Duke Energy Corporation is an energy holding company. The Company operates through two segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. EU&I provides retail electric service through the generation, transmission, distribution, and sale of electricity to customers within the Southeast and Midwest regions of the United States. The GU&I segment conducts natural gas operations primarily through the regulated public utilities of Piedmont, Duke Energy Ohio, and Duke Energy Kentucky. GU&I serves residential, commercial, industrial, and power generation natural gas customers, including customers served by municipalities who are wholesale customers. It also purchases a diverse portfolio of transportation and storage services from interstate pipelines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.