Duke Energy (DUK)
Market Price (4/30/2026): $126.1 | Market Cap: $98.0 BilSector: Utilities | Industry: Electric Utilities
Duke Energy (DUK)
Market Price (4/30/2026): $126.1Market Cap: $98.0 BilSector: UtilitiesIndustry: Electric Utilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, CFO LTM is 12 Bil Low stock price volatilityVol 12M is 15% Megatrend and thematic driversMegatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Electrification of Everything. Themes include Solar Energy Generation, Show more. | Weak multi-year price returns2Y Excs Rtn is -3.2%, 3Y Excs Rtn is -29% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 92% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.3% Key risksDUK key risks include [1] significant liabilities and regulatory challenges related to coal ash disposal, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, CFO LTM is 12 Bil |
| Low stock price volatilityVol 12M is 15% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Electrification of Everything. Themes include Solar Energy Generation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -3.2%, 3Y Excs Rtn is -29% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 92% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.3% |
| Key risksDUK key risks include [1] significant liabilities and regulatory challenges related to coal ash disposal, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Strong Q4 2025 Financial Results and Positive 2026 Outlook.
Duke Energy reported adjusted earnings per share (EPS) of $1.50 for the fourth quarter of 2025, which met analysts' expectations of $1.50 and slightly exceeded an estimated $1.48. Additionally, the company's operating revenue reached $7.94 billion, surpassing the consensus estimate of $7.57 billion. Looking ahead, Duke Energy introduced a positive adjusted EPS guidance for 2026, projecting it to be between $6.55 and $6.80, an increase from $6.31 in 2025. The company also extended its long-term adjusted EPS growth rate projection of 5% to 7% through 2030, reinforcing investor confidence.
2. Expanded Capital Investment Plan to Drive Future Growth.
Duke Energy increased its five-year capital plan by $16 billion, bringing the total to $103 billion, which is noted as the largest fully regulated capital program in the industry. This substantial investment is expected to drive 9.6% earnings-based growth and focuses on critical energy infrastructure projects, including electric grid upgrades and cleaner generation sources such as natural gas, nuclear, renewables, and energy storage.
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Stock Movement Drivers
Fundamental Drivers
The 8.9% change in DUK stock from 12/31/2025 to 4/29/2026 was primarily driven by a 9.2% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4292026 | Change |
|---|---|---|---|
| Stock Price ($) | 116.22 | 126.51 | 8.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 31,659 | 32,237 | 1.8% |
| Net Income Margin (%) | 15.8% | 15.4% | -2.2% |
| P/E Multiple | 18.1 | 19.8 | 9.2% |
| Shares Outstanding (Mil) | 778 | 777 | 0.1% |
| Cumulative Contribution | 8.9% |
Market Drivers
12/31/2025 to 4/29/2026| Return | Correlation | |
|---|---|---|
| DUK | 8.9% | |
| Market (SPY) | 5.2% | -24.6% |
| Sector (XLU) | 7.8% | 77.0% |
Fundamental Drivers
The 4.0% change in DUK stock from 9/30/2025 to 4/29/2026 was primarily driven by a 3.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 4292026 | Change |
|---|---|---|---|
| Stock Price ($) | 121.65 | 126.51 | 4.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 31,271 | 32,237 | 3.1% |
| Net Income Margin (%) | 15.5% | 15.4% | -0.6% |
| P/E Multiple | 19.5 | 19.8 | 1.5% |
| Shares Outstanding (Mil) | 777 | 777 | 0.0% |
| Cumulative Contribution | 4.0% |
Market Drivers
9/30/2025 to 4/29/2026| Return | Correlation | |
|---|---|---|
| DUK | 4.0% | |
| Market (SPY) | 8.0% | -25.4% |
| Sector (XLU) | 6.3% | 68.1% |
Fundamental Drivers
The 7.4% change in DUK stock from 3/31/2025 to 4/29/2026 was primarily driven by a 6.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312025 | 4292026 | Change |
|---|---|---|---|
| Stock Price ($) | 117.80 | 126.51 | 7.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 30,357 | 32,237 | 6.2% |
| Net Income Margin (%) | 14.9% | 15.4% | 3.4% |
| P/E Multiple | 20.1 | 19.8 | -1.6% |
| Shares Outstanding (Mil) | 772 | 777 | -0.6% |
| Cumulative Contribution | 7.4% |
Market Drivers
3/31/2025 to 4/29/2026| Return | Correlation | |
|---|---|---|
| DUK | 7.4% | |
| Market (SPY) | 29.3% | -5.9% |
| Sector (XLU) | 19.2% | 68.8% |
Fundamental Drivers
The 47.4% change in DUK stock from 3/31/2023 to 4/29/2026 was primarily driven by a 73.9% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4292026 | Change |
|---|---|---|---|
| Stock Price ($) | 85.82 | 126.51 | 47.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 28,768 | 32,237 | 12.1% |
| Net Income Margin (%) | 8.9% | 15.4% | 73.9% |
| P/E Multiple | 25.9 | 19.8 | -23.6% |
| Shares Outstanding (Mil) | 770 | 777 | -0.9% |
| Cumulative Contribution | 47.4% |
Market Drivers
3/31/2023 to 4/29/2026| Return | Correlation | |
|---|---|---|
| DUK | 47.4% | |
| Market (SPY) | 81.5% | 1.3% |
| Sector (XLU) | 48.0% | 76.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DUK Return | 19% | 2% | -2% | 16% | 13% | 10% | 71% |
| Peers Return | 20% | -0% | -13% | 18% | 18% | 13% | 64% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 90% |
Monthly Win Rates [3] | |||||||
| DUK Win Rate | 67% | 58% | 58% | 58% | 83% | 75% | |
| Peers Win Rate | 57% | 62% | 50% | 60% | 60% | 65% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DUK Max Drawdown | -6% | -16% | -14% | -6% | -2% | -1% | |
| Peers Max Drawdown | -8% | -15% | -25% | -6% | -4% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEE, SO, D, AEP, EXC. See DUK Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/29/2026 (YTD)
How Low Can It Go
| Event | DUK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -24.9% | -25.4% |
| % Gain to Breakeven | 33.1% | 34.1% |
| Time to Breakeven | 692 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -37.4% | -33.9% |
| % Gain to Breakeven | 59.7% | 51.3% |
| Time to Breakeven | 413 days | 148 days |
| 2018 Correction | ||
| % Loss | -20.8% | -19.8% |
| % Gain to Breakeven | 26.3% | 24.7% |
| Time to Breakeven | 288 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -42.8% | -56.8% |
| % Gain to Breakeven | 74.9% | 131.3% |
| Time to Breakeven | 969 days | 1,480 days |
Compare to NEE, SO, D, AEP, EXC
In The Past
Duke Energy's stock fell -24.9% during the 2022 Inflation Shock from a high on 5/27/2022. A -24.9% loss requires a 33.1% gain to breakeven.
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About Duke Energy (DUK)
AI Analysis | Feedback
Duke Energy is like the AT&T of electricity and natural gas, providing essential power and fuel to millions of homes and businesses across several states, and actively expanding into renewable energy like wind and solar.
Alternatively, it's like the Union Pacific Railroad for energy infrastructure, owning vast networks of power lines and gas pipelines across the Southeast and Midwest, while also developing a significant portfolio of wind and solar power plants.
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- Electricity Supply: Generates, transmits, distributes, and sells electricity to residential, commercial, industrial, and wholesale customers.
- Natural Gas Distribution: Delivers natural gas to residential, commercial, industrial, and power generation customers.
- Renewable Energy Generation: Develops, owns, and operates wind and solar renewable generation projects for various customers.
- Energy Storage Services: Provides non-regulated battery storage solutions.
AI Analysis | Feedback
Duke Energy Corporation (DUK) primarily sells electricity and natural gas directly to a large base of end-users within its regulated service territories across the Carolinas, Florida, the Midwest, Tennessee, Ohio, and Kentucky.
The company serves millions of direct customers, which can be categorized as follows:
- Residential Customers: This category includes individual households and families that consume electricity and natural gas for personal use in their homes.
- Commercial Customers: This category encompasses various businesses and organizations, such as offices, retail stores, restaurants, healthcare facilities, and small to medium-sized enterprises, that utilize electricity and natural gas for their operational needs.
- Industrial Customers: This category refers to large-scale manufacturing facilities, industrial plants, and other major enterprises that require substantial amounts of electricity and natural gas for their production processes and operations.
In addition to these direct end-users, Duke Energy's Electric Utilities and Infrastructure and Commercial Renewables segments also engage in wholesale sales of electricity and renewable energy services to other entities, including municipalities, electric cooperative utilities, load-serving entities, and corporate customers.
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Harry K. Sideris, President and Chief Executive Officer
Harry Sideris assumed the role of President and Chief Executive Officer of Duke Energy on April 1, 2025. A 29-year veteran of Duke Energy and its predecessor companies, Sideris began his career in the energy industry in 1996 at Carolina Power & Light (CP&L), which later became Progress Energy and then merged with Duke Energy in 2012. He has held numerous leadership positions within the company, including president of Duke Energy, executive vice president of customer experience, solutions and services, president of Duke Energy Florida, and vice president of environmental, health and safety. Under his leadership, Duke Energy is focused on critical infrastructure investments, customer service, and advancing the company's climate goals through a significant regulated capital plan.
Brian D. Savoy, Executive Vice President and Chief Financial Officer
Brian Savoy serves as Executive Vice President and Chief Financial Officer for Duke Energy, a position he assumed in September 2022. He is responsible for the company’s financial operations, including the controller's office, treasury, tax, risk management, and insurance. Savoy also oversees corporate development and enterprise strategy, focusing on the transformation of the company's generation and transmission assets to achieve net-zero carbon emissions goals. He joined Duke Energy in 2001 and played a key role in the successful wind-down and disposition of Duke Energy North America in 2005. His previous roles include chief accounting officer and controller, chief transformation and administrative officer, and executive vice president and chief strategy and commercial officer. Before joining Duke Energy, Savoy was a manager with the international accounting firm Deloitte & Touche.
Scott B. Batson, Executive Vice President and Chief Power Grid Officer
Scott Batson is the Executive Vice President and Chief Power Grid Officer at Duke Energy. With over 40 years of experience in the energy field, all within Duke Energy and its predecessors, Batson joined the company in January 1985 as a junior engineer at Oconee Nuclear Station. He has held various leadership positions, including operations shift manager, maintenance manager, engineering manager, and plant manager at Oconee, and plant manager of Catawba Nuclear Station. He also served as senior vice president of nuclear operations and chief distribution officer. In March 2024, his responsibilities expanded to include oversight of the electric transmission system, in addition to the electric distribution system.
Kodwo Ghartey-Tagoe, Executive Vice President and CEO, Duke Energy Carolinas and Natural Gas Business
Kodwo Ghartey-Tagoe holds the position of Executive Vice President and Chief Executive Officer for Duke Energy Carolinas, and leads the Natural Gas Business Unit. Previously, he served as Executive Vice President, Chief Legal Officer and Corporate Secretary for Duke Energy. In August 2022, he also took on responsibilities for the Administrative Services organization.
Louis E. Renjel, Executive Vice President and Chief Executive Officer, Duke Energy Florida and Midwest; Chief Corporate Affairs Officer
Louis Renjel serves as Executive Vice President and Chief Executive Officer of Duke Energy Florida and Midwest, and also as Chief Corporate Affairs Officer.
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```html- Regulatory and Policy Shifts Related to Decarbonization and Climate Change: Duke Energy operates a substantial portfolio of generation assets, including those powered by coal and natural gas. The ongoing and accelerating push for decarbonization through environmental regulations, stricter emissions standards, and potential carbon pricing mechanisms at federal and state levels poses a significant risk. These shifts could lead to increased operational costs, necessitate substantial capital expenditures for early retirement or conversion of existing fossil fuel plants, and require significant investment in cleaner energy sources and infrastructure to meet evolving mandates and avoid stranded assets.
- Significant Capital Expenditure Requirements for Infrastructure Modernization and Energy Transition: As a large utility serving millions of customers across multiple states, Duke Energy faces continuous and substantial capital demands. This includes the need to maintain and upgrade its extensive, aging electric transmission and distribution infrastructure and natural gas pipelines. Furthermore, the broader energy transition necessitates significant investment in grid modernization, the integration of renewable energy sources, energy storage solutions, and infrastructure hardening to enhance reliability and resilience against extreme weather events. These capital-intensive endeavors are critical for continued operation but represent a material financial outlay.
AI Analysis | Feedback
Clear emerging threats for Duke Energy (DUK) include:
- Decentralized Electricity Generation and Storage: The rapidly declining costs and increasing efficiency of distributed energy resources, particularly rooftop solar panels combined with battery storage systems, empower customers to generate and store their own electricity. This trend directly reduces customer reliance on Duke Energy's centralized grid for power, leading to decreased demand for electricity sales, potential underutilization of existing generation and transmission infrastructure, and a fundamental shift in the traditional utility business model. This mirrors the disruption seen with Netflix providing an alternative to Blockbuster's centralized distribution.
- Electrification of Building Systems: Driven by climate goals, evolving building codes, and technological advancements in electric alternatives like highly efficient heat pumps, there is a clear emerging movement to replace natural gas appliances (for heating, cooking, and water heating) in homes and businesses with electric versions. This trend directly threatens Duke Energy's Gas Utilities and Infrastructure segment by reducing the demand for natural gas distribution, potentially leading to declining customer usage and revenue, and raising questions about the long-term viability and asset utilization of its natural gas pipeline network. This is akin to a new technology making a previous one less essential, much like the iPhone's impact on BlackBerry.
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The addressable markets for Duke Energy's main products and services in the United States are as follows:Electric Utilities and Infrastructure
The U.S. power market, which encompasses electricity generation, transmission, and distribution, was valued at approximately USD 397.67 billion in 2026.Gas Utilities and Infrastructure
The natural gas distribution market in the U.S. was valued at approximately USD 225.5 billion in 2026.Commercial Renewables
The U.S. renewable energy market, including wind and solar projects, was valued at an estimated USD 156.3 billion in 2026.AI Analysis | Feedback
Duke Energy (DUK) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Significant Capital Investments in Grid Modernization and Clean Energy Transition: Duke Energy plans substantial capital expenditures, with a five-year capital plan increasing to $103 billion (2026-2030), an 18% increase from previous plans. These investments are directed towards electric grid upgrades, cleaner generation sources such as natural gas, nuclear, renewables, and energy storage, and modernizing infrastructure. This ambitious investment strategy is projected to drive earnings base growth and support the energy transition.
- Customer Growth and Economic Development, Particularly from Data Centers: The company anticipates revenue growth from a steadily expanding customer base across its service territories in the Southeast and Midwest regions of the United States. A significant driver within this category is economic development, especially the increasing demand from data centers, with Duke Energy reporting approximately 4.5 GW of Data Center Electric Service Agreements. This robust demand from the artificial intelligence and advanced manufacturing sectors is a key component of its growth trajectory.
- Favorable Regulatory Outcomes and Rate Adjustments: As a regulated utility, Duke Energy's revenue growth is supported by favorable regulatory constructs and the ability to recover investments through customer ratemaking mechanisms. Recent and expected updated rates in its various jurisdictions, including North Carolina (with multi-year rate plans), Duke Energy Kentucky, and anticipated updates for DEC South Carolina, are crucial for supporting its balance sheet and minimizing costs to customers, thereby contributing to revenue growth.
- Increased Electricity Demand from Residential and Commercial Customers: Beyond large-scale economic development projects, Duke Energy projects growth from overall robust electricity demand from existing residential and commercial/industrial customers. Analysts forecast that U.S. electricity consumption will reach record levels in 2026, further bolstering Duke Energy's revenue prospects.
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Share Repurchases
- Duke Energy has not engaged in significant share repurchases over the last 3-5 years; quarterly stock buybacks were reported as 0.00 for December 31, 2025.
- The company's shares outstanding have shown slight increases from 2022 to 2025, suggesting share issuance rather than repurchases.
Share Issuance
- Duke Energy announced plans in March 2026 to sell up to $6 billion of common stock through an at-the-market equity distribution program to raise capital for grid and generation investments.
- The company plans to issue approximately $6.5 billion in equity between 2025 and 2029, with $1 billion targeted for 2025 alone, to support its capital plan.
- Duke Energy anticipates issuing $10 billion of equity between 2027 and 2030 to fund future growth initiatives.
Inbound Investments
- In August 2025, Duke Energy entered into an agreement with Brookfield for the latter to acquire a 19.7% indirect equity interest in Duke Energy Florida for an aggregate amount of $6 billion.
- The initial closing of the Brookfield investment is scheduled for March 3, 2026, with a payment of $2.8 billion, followed by subsequent investments totaling $3.2 billion through June 2028.
- This $6 billion investment is intended to bolster Duke Energy's financial position, strengthen its balance sheet, and fund ongoing capital needs for its energy modernization strategy.
Outbound Investments
- Duke Energy sold its Tennessee natural gas business for $2.48 billion, with $1.5 billion in net proceeds earmarked to support its capital plan.
- The company participated in a $400 million Department of Energy cost-share initiative aimed at accelerating the deployment of Small Modular Reactors (SMRs).
- No acquisitions were reported by Duke Energy for the period between 2020 and 2025.
Capital Expenditures
- Duke Energy's five-year capital plan (2026-2030) has been increased to $103 billion, an 18% increase from previous projections, making it the largest regulated capital plan in the industry.
- The company's capital expenditures were approximately $15 billion for the full year 2025.
- A significant portion of these capital expenditures is focused on grid infrastructure and increasing power generation, including investments in clean energy projects like renewables and energy storage, grid modernization, and capacity expansion to meet demand from sources such as AI data centers.
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Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
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| 03312026 | SRE | Sempra | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 12122025 | CTRI | Centuri | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 9.9% | 9.9% | -5.5% |
| 11212025 | PEG | Public Service Enterprise | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.2% | 1.2% | -4.0% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 93.84 |
| Mkt Cap | 85.2 |
| Rev LTM | 26,062 |
| Op Inc LTM | 6,335 |
| FCF LTM | -1,984 |
| FCF 3Y Avg | -1,579 |
| CFO LTM | 8,373 |
| CFO 3Y Avg | 7,650 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.4% |
| Rev Chg 3Y Avg | 3.9% |
| Rev Chg Q | 9.0% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | 13.7% |
| Op Inc Chg 3Y Avg | 10.7% |
| Op Mgn LTM | 25.6% |
| Op Mgn 3Y Avg | 25.2% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 32.8% |
| CFO/Rev 3Y Avg | 35.4% |
| FCF/Rev LTM | -8.4% |
| FCF/Rev 3Y Avg | -6.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 85.2 |
| P/S | 3.3 |
| P/Op Inc | 12.4 |
| P/EBIT | 11.5 |
| P/E | 19.9 |
| P/CFO | 10.2 |
| Total Yield | 7.4% |
| Dividend Yield | 2.8% |
| FCF Yield 3Y Avg | -2.7% |
| D/E | 0.8 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.2% |
| 3M Rtn | 6.4% |
| 6M Rtn | 5.9% |
| 12M Rtn | 14.0% |
| 3Y Rtn | 38.5% |
| 1M Excs Rtn | -13.7% |
| 3M Excs Rtn | 4.1% |
| 6M Excs Rtn | -0.8% |
| 12M Excs Rtn | -14.0% |
| 3Y Excs Rtn | -36.5% |
Comparison Analyses
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electric Utilities and Infrastructure | 164,010 | 155,449 | 152,104 | 143,841 | 138,225 |
| Gas Utilities and Infrastructure | 18,131 | 17,349 | 16,411 | 15,179 | 13,849 |
| Other | 4,202 | 4,095 | 9,571 | 10,567 | 3,598 |
| Eliminations | 0 | 0 | 0 | 0 | 0 |
| Commercial Renewables | 6,716 | ||||
| Total | 186,343 | 176,893 | 178,086 | 169,587 | 162,388 |
Price Behavior
| Market Price | $126.51 | |
| Market Cap ($ Bil) | 98.3 | |
| First Trading Date | 04/06/1983 | |
| Distance from 52W High | -5.2% | |
| 50 Days | 200 Days | |
| DMA Price | $129.60 | $122.33 |
| DMA Trend | up | up |
| Distance from DMA | -2.4% | 3.4% |
| 3M | 1YR | |
| Volatility | 15.8% | 15.1% |
| Downside Capture | -0.31 | -0.17 |
| Upside Capture | -15.79 | -12.93 |
| Correlation (SPY) | -26.3% | -21.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.11 | -0.21 | -0.18 | -0.27 | -0.03 | 0.03 |
| Up Beta | -0.27 | -0.68 | -0.59 | -0.20 | -0.04 | 0.05 |
| Down Beta | -0.03 | 0.23 | 0.13 | -0.14 | 0.07 | 0.01 |
| Up Capture | 16% | -7% | -1% | -20% | -1% | 3% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 13 | 28 | 40 | 73 | 139 | 401 |
| Down Capture | 18% | -54% | -56% | -54% | -25% | -13% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 9 | 14 | 23 | 53 | 113 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DUK | |
|---|---|---|---|---|
| DUK | 8.6% | 15.1% | 0.34 | - |
| Sector ETF (XLU) | 19.5% | 14.0% | 1.03 | 69.2% |
| Equity (SPY) | 31.5% | 12.5% | 1.93 | -21.8% |
| Gold (GLD) | 35.2% | 27.2% | 1.09 | 17.8% |
| Commodities (DBC) | 46.7% | 18.1% | 1.99 | -5.2% |
| Real Estate (VNQ) | 12.8% | 13.4% | 0.65 | 37.7% |
| Bitcoin (BTCUSD) | -19.6% | 42.1% | -0.40 | -12.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DUK | |
|---|---|---|---|---|
| DUK | 9.0% | 17.8% | 0.37 | - |
| Sector ETF (XLU) | 9.8% | 17.2% | 0.42 | 82.9% |
| Equity (SPY) | 13.1% | 17.1% | 0.60 | 21.2% |
| Gold (GLD) | 20.1% | 17.8% | 0.92 | 18.0% |
| Commodities (DBC) | 14.6% | 19.1% | 0.63 | 3.6% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 53.1% |
| Bitcoin (BTCUSD) | 8.1% | 56.2% | 0.36 | 3.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DUK | |
|---|---|---|---|---|
| DUK | 9.3% | 20.4% | 0.40 | - |
| Sector ETF (XLU) | 10.1% | 19.2% | 0.45 | 88.8% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 40.8% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 16.0% |
| Commodities (DBC) | 9.6% | 17.7% | 0.45 | 9.7% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 64.0% |
| Bitcoin (BTCUSD) | 67.5% | 66.9% | 1.07 | 6.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/10/2026 | 1.3% | 2.2% | 7.5% |
| 11/7/2025 | -0.6% | 0.1% | -7.0% |
| 8/5/2025 | -0.1% | 1.1% | -1.3% |
| 5/6/2025 | -0.3% | -8.0% | -5.0% |
| 2/13/2025 | -1.2% | 2.3% | 7.0% |
| 11/7/2024 | 1.9% | -0.4% | 1.7% |
| 8/6/2024 | 0.5% | 0.7% | 4.4% |
| 5/7/2024 | 0.1% | 0.0% | 1.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 14 |
| # Negative | 11 | 10 | 10 |
| Median Positive | 0.7% | 1.4% | 4.4% |
| Median Negative | -0.6% | -1.5% | -2.2% |
| Max Positive | 2.9% | 4.0% | 8.5% |
| Max Negative | -2.5% | -8.0% | -7.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EPS | 6.55 | 6.67 | 6.8 | 6.0% | Higher New | Guidance: 6.3 for 2025 | |
| 2030 Adjusted EPS Growth | 5.0% | 6.0% | 7.0% | 0 | Affirmed | Guidance: 6.0% for 2029 | |
| 2030 Earnings Base Growth | 9.6% | ||||||
Prior: Q3 2025 Earnings Reported 11/7/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Adjusted EPS | 6.25 | 6.3 | 6.35 | 0.1% | Raised | Guidance: 6.29 for 2025 | |
| 2029 Adjusted EPS Growth Rate | 5.0% | 6.0% | 7.0% | 0 | 0 | Affirmed | Guidance: 6.0% for 2029 |
| 2030 Capital Plan | 95.00 Bil | 100.00 Bil | 105.00 Bil | ||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Repko, Regis T | SVP, System Planning&Construct | Direct | Sell | 3032026 | 131.00 | 663 | 86,853 | 851,631 | Form |
| 2 | Ghartey-Tagoe, Kodwo | EVP&CEO DECarolinas&NatGasBus | Direct | Sell | 3032026 | 131.57 | 18,246 | 2,400,653 | 6,186,097 | Form |
| 3 | Repko, Regis T | SVP, System Planning&Construct | Direct | Sell | 2252026 | 127.86 | 962 | 123,001 | 498,143 | Form |
| 4 | Savoy, Brian D | EVP & CFO | Direct | Sell | 2242026 | 127.69 | 12,000 | 1,532,320 | 7,037,433 | Form |
| 5 | Repko, Regis T | SVP, System Planning&Construct | Direct | Sell | 2242026 | 127.18 | 4,376 | 556,540 | 666,678 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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