Duke Energy Foundation Invests $250,000 to Support Veterans' Employment Skills
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 47 minutes ago
0mins
Should l Buy DUK?
Source: PRnewswire
- Veteran Skills Funding: The Duke Energy Foundation is investing over $250,000 through its America250 initiative to award 20 grants to nonprofit organizations, aimed at equipping veterans with job-ready skills to facilitate their transition into civilian careers.
- Support for Transition Programs: The Foundation is also making a $25,000 investment in the United Service Organizations (USO) to support its Transition Program, which assists service members and military spouses in preparing for civilian careers by providing career readiness resources and employment connections, thereby enhancing veterans' employability.
- Community Impact Enhancement: These grants not only help veterans overcome employment barriers but also promote long-term economic opportunities by offering career counseling, training, and digital skills, thereby strengthening the overall resilience of communities.
- Ongoing Community Investment: The Duke Energy Foundation provides nearly $30 million annually in philanthropic support, and this investment is part of its America250 initiative, which aims to elevate local history and civic connections in states like North Carolina, South Carolina, and Florida.
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Analyst Views on DUK
Wall Street analysts forecast DUK stock price to rise
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 122.840
Low
115.00
Averages
132.09
High
146.00
Current: 122.840
Low
115.00
Averages
132.09
High
146.00
About DUK
Duke Energy Corporation is an energy-holding company. The Company's segments include Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). 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 approximately 8.7 million customers within the Southeast and Midwest regions of the U.S. 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.
Duke Energy Foundation Invests $250,000 to Support Veterans' Employment
- Veteran Skills Funding: The Duke Energy Foundation is investing over $250,000 through its America250 initiative to award 20 grants to nonprofit organizations, aimed at equipping veterans with job-ready skills to facilitate their transition into civilian careers.
- Multi-State Support Programs: These grants span Duke Energy's six-state service area, including career counseling in South Carolina and digital skills training in Florida, helping veterans and their families gain credentials and technology tools aligned with in-demand careers, thereby enhancing employability.
- Nationwide Impact Expansion: The foundation is also making a $25,000 investment in the United Service Organizations (USO) to support its Transition Program, which assists service members and military spouses in preparing for civilian careers through career readiness resources and employment connections.
- Long-Term Economic Opportunities: The Duke Energy Foundation's investments not only help veterans overcome employment barriers but also promote economic recovery and development within communities by providing personalized career support and training, thereby enhancing overall societal resilience.
See More
Duke Energy Foundation Invests $250,000 to Support Veterans' Employment Skills
- Veteran Skills Funding: The Duke Energy Foundation is investing over $250,000 through its America250 initiative to award 20 grants to nonprofit organizations, aimed at equipping veterans with job-ready skills to facilitate their transition into civilian careers.
- Support for Transition Programs: The Foundation is also making a $25,000 investment in the United Service Organizations (USO) to support its Transition Program, which assists service members and military spouses in preparing for civilian careers by providing career readiness resources and employment connections, thereby enhancing veterans' employability.
- Community Impact Enhancement: These grants not only help veterans overcome employment barriers but also promote long-term economic opportunities by offering career counseling, training, and digital skills, thereby strengthening the overall resilience of communities.
- Ongoing Community Investment: The Duke Energy Foundation provides nearly $30 million annually in philanthropic support, and this investment is part of its America250 initiative, which aims to elevate local history and civic connections in states like North Carolina, South Carolina, and Florida.
See More
NextEra Energy to Acquire Dominion Energy for $66.8 Billion
- Acquisition Announcement: NextEra Energy has announced a plan to acquire Dominion Energy for $66.8 billion, which will create one of the world's largest electric utilities, with a combined enterprise value of approximately $420 billion, highlighting the trend of industry consolidation.
- Enhanced Market Position: Post-merger, NextEra will become the third-largest energy company in the U.S., trailing only Exxon and Chevron, and its size will surpass the combined total of the next two largest U.S. power companies, significantly boosting its competitive edge.
- Industry Trends: This deal underscores the necessity for utility companies to possess larger balance sheets, broader generation portfolios, and faster infrastructure deployment in order to compete effectively in the AI era, reflecting the evolving demands of the market.
- Competitive Landscape Shift: As the merger progresses, the combination of NextEra and Dominion is set to reshape the competitive landscape of the U.S. electricity sector, potentially prompting other companies to consider similar consolidation strategies to maintain their market positions.
See More
Top High-Yield Stocks for Retirees
- Verizon's Reliable Income: Verizon Communications offers a 6.1% dividend yield and has raised its dividend for 20 consecutive years, with a current quarterly payout of $0.7075 and a 25% increase over the past decade, making it an ideal choice for retirees looking to offset inflation.
- Home Depot's Long-Term Potential: Despite a 21% decline in stock price due to economic slowdowns, Home Depot's sales grew over 3% in the last fiscal year, and its dividend has tripled over the past decade, currently yielding 3.1%, indicating strong potential for recovery as the economy improves.
- Duke Energy's Stability: Duke Energy provides a 3.5% dividend yield, with revenue rising from $29 billion in 2022 to over $32 billion, and a 29% increase in dividends over the past decade, showcasing its solid investment value in the stable utility sector.
- Market Performance and Valuation: Verizon, Home Depot, and Duke Energy are priced at $46.84, $299.39, and $121.88 respectively, all below their historical highs, with Duke's 19 times trailing earnings being well below the S&P 500 average, making them attractive for income-focused investors.
See More
Utility Stocks Comparison: Duke vs. Dominion for Income Investors
- Dividend Yield Comparison: Dominion Energy currently offers a forward-looking dividend yield of 4.2%, significantly higher than Duke Energy's 3.4%, which may attract some investors despite not ensuring long-term returns.
- Dividend Growth Trends: Duke Energy has increased its quarterly per-share dividend by 29% over the past decade, while Dominion has not raised its dividend since 2022, restoring it to $0.6675 per share, indicating instability in dividend payments.
- Financial Health Status: Duke's long-term debt stands at $38.9 billion, incurring approximately $1 billion in interest annually, forcing the company to make tough choices between dividend payments and capital expenditures, although it maintains minimal dividend payouts.
- Market Opportunities and Risks: Dominion Energy is geographically positioned to capitalize on the growing demand for power from AI data centers; however, its per-share profitability and cash flow are stagnant, with a dividend payout ratio consistently above 90%, limiting the potential for future dividend increases.
See More
Duke Energy Urges Customers to Prepare for Heat Wave
- Heat Wave Alert: Temperatures in the Carolinas are expected to reach the 90s, with humidity making it feel closer to 100°F, significantly increasing the demand on cooling systems and affecting indoor comfort for customers.
- System Preparation Tips: Duke Energy advises customers to take simple steps before the heat arrives, such as changing air filters and adjusting thermostats, to enhance the efficiency of their cooling systems and ensure comfort during extreme temperatures.
- Free Home Energy Assessment: The company offers a free home energy assessment service to help customers identify ways to improve home efficiency during high heat periods, thereby reducing the strain on air conditioning systems and lowering energy consumption.
- Smart Thermostat Promotion: Duke Energy encourages customers to utilize smart thermostats, which can automate temperature adjustments, making it easier for customers to manage energy use during the heat wave and enhance overall comfort.
See More
Duke Energy Foundation Invests $250,000 to Support Veterans' Employment
- Veteran Skills Funding: The Duke Energy Foundation is investing over $250,000 through its America250 initiative to award 20 grants to nonprofit organizations, aimed at equipping veterans with job-ready skills to facilitate their transition into civilian careers.
- Multi-State Support Programs: These grants span Duke Energy's six-state service area, including career counseling in South Carolina and digital skills training in Florida, helping veterans and their families gain credentials and technology tools aligned with in-demand careers, thereby enhancing employability.
- Nationwide Impact Expansion: The foundation is also making a $25,000 investment in the United Service Organizations (USO) to support its Transition Program, which assists service members and military spouses in preparing for civilian careers through career readiness resources and employment connections.
- Long-Term Economic Opportunities: The Duke Energy Foundation's investments not only help veterans overcome employment barriers but also promote economic recovery and development within communities by providing personalized career support and training, thereby enhancing overall societal resilience.
See More
Duke Energy Foundation Invests $250,000 to Support Veterans' Employment Skills
- Veteran Skills Funding: The Duke Energy Foundation is investing over $250,000 through its America250 initiative to award 20 grants to nonprofit organizations, aimed at equipping veterans with job-ready skills to facilitate their transition into civilian careers.
- Support for Transition Programs: The Foundation is also making a $25,000 investment in the United Service Organizations (USO) to support its Transition Program, which assists service members and military spouses in preparing for civilian careers by providing career readiness resources and employment connections, thereby enhancing veterans' employability.
- Community Impact Enhancement: These grants not only help veterans overcome employment barriers but also promote long-term economic opportunities by offering career counseling, training, and digital skills, thereby strengthening the overall resilience of communities.
- Ongoing Community Investment: The Duke Energy Foundation provides nearly $30 million annually in philanthropic support, and this investment is part of its America250 initiative, which aims to elevate local history and civic connections in states like North Carolina, South Carolina, and Florida.
See More
NextEra Energy to Acquire Dominion Energy for $66.8 Billion
- Acquisition Announcement: NextEra Energy has announced a plan to acquire Dominion Energy for $66.8 billion, which will create one of the world's largest electric utilities, with a combined enterprise value of approximately $420 billion, highlighting the trend of industry consolidation.
- Enhanced Market Position: Post-merger, NextEra will become the third-largest energy company in the U.S., trailing only Exxon and Chevron, and its size will surpass the combined total of the next two largest U.S. power companies, significantly boosting its competitive edge.
- Industry Trends: This deal underscores the necessity for utility companies to possess larger balance sheets, broader generation portfolios, and faster infrastructure deployment in order to compete effectively in the AI era, reflecting the evolving demands of the market.
- Competitive Landscape Shift: As the merger progresses, the combination of NextEra and Dominion is set to reshape the competitive landscape of the U.S. electricity sector, potentially prompting other companies to consider similar consolidation strategies to maintain their market positions.
See More
Top High-Yield Stocks for Retirees
- Verizon's Reliable Income: Verizon Communications offers a 6.1% dividend yield and has raised its dividend for 20 consecutive years, with a current quarterly payout of $0.7075 and a 25% increase over the past decade, making it an ideal choice for retirees looking to offset inflation.
- Home Depot's Long-Term Potential: Despite a 21% decline in stock price due to economic slowdowns, Home Depot's sales grew over 3% in the last fiscal year, and its dividend has tripled over the past decade, currently yielding 3.1%, indicating strong potential for recovery as the economy improves.
- Duke Energy's Stability: Duke Energy provides a 3.5% dividend yield, with revenue rising from $29 billion in 2022 to over $32 billion, and a 29% increase in dividends over the past decade, showcasing its solid investment value in the stable utility sector.
- Market Performance and Valuation: Verizon, Home Depot, and Duke Energy are priced at $46.84, $299.39, and $121.88 respectively, all below their historical highs, with Duke's 19 times trailing earnings being well below the S&P 500 average, making them attractive for income-focused investors.
See More
Utility Stocks Comparison: Duke vs. Dominion for Income Investors
- Dividend Yield Comparison: Dominion Energy currently offers a forward-looking dividend yield of 4.2%, significantly higher than Duke Energy's 3.4%, which may attract some investors despite not ensuring long-term returns.
- Dividend Growth Trends: Duke Energy has increased its quarterly per-share dividend by 29% over the past decade, while Dominion has not raised its dividend since 2022, restoring it to $0.6675 per share, indicating instability in dividend payments.
- Financial Health Status: Duke's long-term debt stands at $38.9 billion, incurring approximately $1 billion in interest annually, forcing the company to make tough choices between dividend payments and capital expenditures, although it maintains minimal dividend payouts.
- Market Opportunities and Risks: Dominion Energy is geographically positioned to capitalize on the growing demand for power from AI data centers; however, its per-share profitability and cash flow are stagnant, with a dividend payout ratio consistently above 90%, limiting the potential for future dividend increases.
See More
Duke Energy Urges Customers to Prepare for Heat Wave
- Heat Wave Alert: Temperatures in the Carolinas are expected to reach the 90s, with humidity making it feel closer to 100°F, significantly increasing the demand on cooling systems and affecting indoor comfort for customers.
- System Preparation Tips: Duke Energy advises customers to take simple steps before the heat arrives, such as changing air filters and adjusting thermostats, to enhance the efficiency of their cooling systems and ensure comfort during extreme temperatures.
- Free Home Energy Assessment: The company offers a free home energy assessment service to help customers identify ways to improve home efficiency during high heat periods, thereby reducing the strain on air conditioning systems and lowering energy consumption.
- Smart Thermostat Promotion: Duke Energy encourages customers to utilize smart thermostats, which can automate temperature adjustments, making it easier for customers to manage energy use during the heat wave and enhance overall comfort.
See More
