Duke Energy Foundation Launches America250 Grant Program Offering Up to $20,000
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19h ago
0mins
Source: PRnewswire
- Grant Program Launch: The Duke Energy Foundation is set to open applications on January 12 for America250 grants ranging from $5,000 to $20,000, aimed at supporting community projects that align with the Foundation's core themes, thereby enhancing local impact.
- Annual Investment Commitment: The Foundation provides over $30 million annually in philanthropic support, focusing on addressing the needs of communities where Duke Energy customers reside, reflecting the company's commitment to social responsibility.
- Extensive Service Coverage: Duke Energy's electric utilities serve 8.6 million customers and collectively own 55,100 megawatts of energy capacity, underscoring its significant position and influence in the U.S. energy market.
- Combining History and Future: This grant initiative not only celebrates America's 250th anniversary but also serves as a reflection on history, aiming to support the next generation through community-led projects, highlighting the company's long-term commitment to community development.
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.
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 116.190
Low
126.00
Averages
138.13
High
150.00
Current: 116.190
Low
126.00
Averages
138.13
High
150.00
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.
