Duke Energy Restores Power Across Carolinas After Winter Storm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Power Restoration Progress: As of 2 PM on January 26, Duke Energy has restored power to over 131,000 customers, although nearly 22,000 remain without service, demonstrating the company's emergency response capabilities during extreme weather.
- Customer Service Enhancement: Duke Energy is providing energy-saving tips to customers with power, helping them manage energy use during cold weather to reduce heating costs and improve customer satisfaction, reflecting the company's focus on customer needs.
- Customer Base Overview: Duke Energy serves approximately 4.7 million electric customers in the Carolinas, with about 3.8 million in North Carolina and nearly 860,000 in South Carolina, highlighting its dominant market position in the region.
- Energy Transition Strategy: Duke Energy is executing significant electric grid upgrades and investing in cleaner energy sources, aiming to build a smarter energy future while ensuring customer reliability and value, showcasing the company's commitment to sustainability.
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 136.31 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.
13 Analyst Rating
8 Buy
5 Hold
0 Sell
Moderate Buy
Current: 117.430
Low
126.00
Averages
136.31
High
150.00
Current: 117.430
Low
126.00
Averages
136.31
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.
