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Duke Energy

Duke Energy is one of the largest us utilities, with regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to 8.2 million customers. Its natural gas utilities serve more than 1.6 million customers.

Duke Energy Corporation (Holding Company) Common Stock

Duke Energy Corp

Duke Energy Corporation 5.625% Junior Subordinated Debentures due 2078

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DUKETON MNG LTD by DUKETON MNG LTD.

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DUKE ROBOTICS CORP by Duke Robotics Corp.

DUKE Robotics Corp

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Duke Energy Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock

Power grids across the South face an extraordinary challenge Tuesday as snow blankets regions typically prepared for summer heat waves, <a href="https://www.benzinga.com/general/travel/25/01/43036258/polar-vortex-brings-winters-coldest-air-for-trumps-inauguration-day-what-it-means-for-utilities-retailers-energy-stocks">not winter whiteouts.</a>
What Happened A fierce winter system has upended daily life from Texas through the Carolinas, forcing Gulf Coast weather forecasters to issue their region&#8217;s first-ever snowstorm alert, CNN <a href="url-would-go-here">reports</a>.
The system&#8217;s power shocked the region Tuesday. Streets from Houston, Texas, through Louisiana, disappeared under white blankets, reaching six inches deep in some areas. Thermometers plunged into territory more familiar to northern states, driving wind chills into single digits across Texas.
Emergency declarations spread across Louisiana, Georgia, Alabama, Florida and Mississippi as the storm intensified. The Gulf Coast, better known for hurricane preparation, now faces winter conditions that threaten to paralyze communities for days, CNN reports.
The storm&#8217;s intensity caught many areas off guard. Snow accumulation and icy conditions transformed southern highways into hazard zones. Weather experts warn the cold snap could shatter records dating back more than a century.
Also Read: <a href="https://www.benzinga.com/25/01/43103527/mexican-peso-canadian-dollar-slide-as-trump-threatens-25-tariffs-expert-eyes-price-hikes-on-typical-us-breakfast">Mexican Peso, Canadian Dollar Slide As Trump Threatens 25% Tariffs, Economist Eyes Price Hikes On &#8216;Typical US Breakfast&#8217;</a>
Why It Matters: Local power providers mobilize resources to protect vital infrastructure. The scale of the response reflects the region&#8217;s unusual winter challenge.
Officials closed roads across five southern states, emptying highways and forcing residents indoors. &#8220;Most of us haven&#8217;t experienced this combination of bitter cold and significant snow ever in our lifetime,&#8221; Louisiana climatologist Jay Grymes told CNN
The storm&#8217;s reach shut down major transportation arteries. Both Houston airports suspended flights, while New Orleans saw nearly all air traffic halt by morning. Port operations froze, and even space exploration paused as NASA&#8217;s Texas operations suspended work through Wednesday.
School systems from Texas to Florida shifted to remote learning or closed entirely. Atlanta officials warned of road conditions deteriorating rapidly as the system pushes east.
Several major utilities are positioning themselves as the winter storm impacts their service territories:
<ul>
<li>CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>), a major utility provider headquartered in Houston, Texas, focuses on electric transmission and distribution in the state and natural gas distribution across several U.S. regions.</li>
<li>Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>), a prominent southeastern energy provider, specializes in electric power generation, transmission, and distribution, with operations in multiple states.</li>
<li>Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) serves customers in Louisiana, Arkansas, Mississippi and Texas, providing electric power generation, transmission, and distribution services.</li>
<li>Duke Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) operates across the Carolinas, Florida, and parts of the Midwest, delivering electric power generation, transmission, and distribution services.</li>
<li>NextEra Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) primarily serves Florida through its subsidiary Florida Power &amp; Light and is a leading investor in renewable energy, focusing on wind and solar power.</li>
</ul>
Natural gas futures were down over 5% at the time of publication Tuesday.
The rare winter assault comes as utility stocks show renewed strength, with the sector seeing increased investor interest amid growing power demands from data centers <a href="https://www.benzinga.com/etfs/sector-etfs/25/01/42974006/utilities-rebound-as-ai-powers-energy-demand-3-etfs-to-watch">and AI operations.</a>
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News

Southern Power Grids Face Historic Winter Test As Snow Blankets Gulf Coast: 5 Utilities To Watch

<ul>
<li>Sideris, a 29-year company veteran, also joins the board of directors; lead independent director Ted Craver becomes independent chair, both effective April 1</li>
<li>In her more than 11 years as CEO, Good transformed Duke Energy into a leading, fully regulated utility – creating substantial customer and shareholder value</li>
</ul>
CHARLOTTE, N.C., Jan. 13, 2025 /PRNewswire/ -- Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) today announced that its board of directors has appointed Harry Sideris, president and chief executive officer and a member of the board of directors, effective April 1, 2025. Sideris, currently president, will succeed Lynn Good, who will retire from her management and board roles at the company on April 1 after more than two decades of distinguished service.

Management

Duke Energy Appoints Harry Sideris As President And Chief Executive Officer, Effective April 1; Succeeds Lynn Good, Who Retires As Chair And CEO

Rep. Marjorie Taylor Greene (R-Ga.) disclosed recent purchases of several stocks on Christmas Eve, according to <a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene">Benzinga Government Trades.</a>
Here's a look at what the far-right politician bought.
What Happened: Greene has been an active trader of stocks while in Congress, based on her disclosures over the years.
After going several years without disclosing any trades, Greene <a href="https://www.benzinga.com/markets/equities/24/05/38611874/marjorie-taylor-greene-reveals-new-stock-trades-after-2-year-gap-berkshire-hathway-goldman-sachs">disclosed several purchases</a> in May. She also made<a href="https://www.benzinga.com/government/24/11/41754747/is-marjorie-taylor-greene-betting-on-trump-victory-buys-apple-meta-tesla-stocks-ahead-of-2024-electi"> multiple transactions</a> later in September, October and November.
Greene recently disclosed multiple stock purchases that happened on Dec. 24. Here are the trades that she made, with each valued between $1,000 and $15,000:
<ul>
<li>Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</li>
<li>Applied Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</li>
<li>Caterpillar Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</li>
<li>Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>)</li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)</li>
<li>Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>)</li>
<li>Johnson and Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>)</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>)</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>)</li>
<li>The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>)</li>
</ul>
Of these stocks bought in the latest disclosures, Eli Lilly, Gilead and Norfolk Southern are new buys for Greene over the last two years.
The rest of the stocks are already owned by Greene with her adding to her position. Several of the stocks, like Hershey have been bought four times by Greene in 2024.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent123124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The trading activity of <a href="https://www.benzinga.com/topic/congress-trading">members of Congress </a>continues to be a hot-button item closely monitored by retail investors and the public.
President Joe Biden <a href="https://www.benzinga.com/24/12/42538504/biden-endorses-ban-of-congressional-stock-trading-nobody-in-the-congress-should-be-able-to-make-money-in-the-stock-market-while-in-office">endorsed a ban</a>, suggesting Congress members shouldn&#8217;t be able to trade stocks and options while in office.
&#8220;Nobody in the Congress should be able to make money in the stock market while they&#8217;re in the Congress,&#8221; Biden said in an interview with political advisor&nbsp;Faiz Shakir.
There have been numerous calls to vote for Congress members to vote for a ban on Congressional trading, but a vote has not happened. Representative&nbsp;Ro Khanna&nbsp;(D-Calif.)&nbsp;<a href="https://www.benzinga.com/general/politics/24/05/39096827/exclusive-khanna-says-shameful-congress-members-profited-from-stocks-calls-for-trading-ban-makin" target="_blank" rel="noreferrer noopener">previously told Benzinga&nbsp;</a>that he will continue to advocate for a vote to ban the practice.
Congressional committee assignments can create conflicts of interest when trades are disclosed. Greene serves on the House Subcommittee on Cybersecurity, Information Technology, and Government Innovation, which could give her information on government contracts for technology companies.
Greene's latest stock purchases in November and the new disclosures show a continued bet on technology stocks going forward. Chip stocks and technology companies were among&nbsp;<a href="https://www.benzinga.com/general/politics/24/10/41584466/these-10-stocks-were-the-best-s-p-500-performers-in-2017-when-trump-was-president-will-history-r" target="_blank" rel="noreferrer noopener">the best performing&nbsp;</a>in the S&amp;P 500 in 2017, Trump&#8217;s first year in the White House previously.
Tech giants Meta and Microsoft remain popular for Greene in 2024 with multiple purchases made. A pending ban of TikTok could benefit Meta in 2025.
Greene is also positioning her portfolio with several healthcare names like Eli Lilly, Gilead and Johnson and Johnson.
A deal between Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) and Hershey could benefit Greene if the chocolate company <a href="https://www.benzinga.com/ma/24/12/42496403/deal-dispatch-hershey-monelez-houlihan-intevac-onion-infowars">approves an acquisition</a>.
While Greene has been actively buying stocks over the last several months, she has not reported selling her shares of Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), the Trump co-founded media company that completed a SPAC merger earlier this year.
Greene <a href="https://www.benzinga.com/government/24/09/41031499/marjorie-taylor-greene-stays-loyal-to-trump-keeps-djt-stock-buys-into-warren-buffetts-berkshire-in-l">disclosed buying</a>&nbsp;Digital World Acquisition&nbsp;shares back in October 2021, the SPAC that took&nbsp;Trump's&nbsp;media company public in March 2024.
The transaction was done with shares trading between $67.96 to $118.80. A tweet from UnusualWhales pins the purchase price at $94.20, meaning Greene is down significantly on her $15,000 to $50,000 purchase in the Trump-linked stock. Shares of DJT trade at $39.13 at the time of writing.
Previous disclosures by Greene have shown buys of Tesla and Berkshire Hathaway stock. Greene's portfolio currently consists of investments tied to some of the richest people in the world including Elon Musk, Warren Buffett, Jeff Bezos, Mark Zuckerberg and Jensen Huang. Her portfolio also has exposure to Trump via his media company.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/01/36459015/10-best-stock-traders-in-congress-in-2023-spoiler-nancy-pelosi-is-back-on-the-list">10 Best Stock Traders In Congress In 2023 (Spoiler: Nancy Pelosi Has Reentered The Chat)</a></li>
</ul>
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Marjorie Taylor Greene Went Christmas Shopping For Stocks, Here's What She Bought Before Holiday

Canada is considering export taxes on goods, including uranium, oil and potash, if President-elect Donald Trump imposes the broad<a href="https://www.benzinga.com/news/global/24/12/42451262/canadian-oil-sector-hedges-trump-tariff-risk-us-midwest-refineries-could-be-affected"> tariffs he pledged. </a>
The Details: According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-12/canada-weighs-export-taxes-on-uranium-oil-if-trump-starts-trade-war?srnd=homepage-americas">report</a>, retaliatory tariffs on U.S.-made goods and export controls on certain Canadian products are most likely, with export levies also on the table as a last resort. The Bloomberg report cited officials familiar with discussions inside Prime Minister Justin Trudeau's government.&nbsp;
The sources also said Trudeau's government may consider expanding its powers over export controls as part of a scheduled update on the country's fiscal and economic conditions.&nbsp;
Why It Matters: U.S. oil refineries, especially in the Midwest, rely heavily on Canadian crude oil imports. Export levies would increase the cost of imported Canadian oil and potentially squeeze refinery margins. Some of the largest oil refiners in the U.S. are Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) and Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>). 
Read Next: <a href="https://www.benzinga.com/news/global/24/12/42451262/canadian-oil-sector-hedges-trump-tariff-risk-us-midwest-refineries-could-be-affected">Canadian Oil Sector Hedges Trump Tariff Risk, US Midwest Refineries Could Be Affected</a>
Canadian export taxes on uranium could be devastating to U.S. nuclear energy producers with Canada supplying about a quarter of the uranium U.S. producers use for their nuclear reactors.&nbsp;
Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), the largest owner of non-rate-regulated nuclear plants in the U.S., and Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), which operates 11 nuclear units in North and South Carolina, could face supply disruptions as domestic uranium production is virtually nonexistent. The companies could pass along the increased costs to consumers in areas served by nuclear power plants.
American farmers rely heavily on imports of Canadian potash as a source of fertilizer. If Canada imposes export levies on potash,&nbsp;several American farm-related stocks could be affected due to the reliance of U.S. agriculture on the fertilizer.
Companies tied to crops heavily dependent on potash, such as soybeans, corn, sugar beets and potatoes could see increased costs. These companies include Archer-Daniels-Midland Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) and Bunge Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BG#NYSE">BG</a>). Food producers, like General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) and Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) may face higher input costs for agricultural products reliant on potash fertilizers and could pass those costs along to consumers.
Read Next:&nbsp;
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</ul>
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If Trump Starts A Trade War, Canada Could Impose Export Taxes On Oil, Uranium: Report

Scotiabank analyst Andrew Weisel maintains Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) with a Sector Perform and raises the price target from $113 to $120.

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Scotiabank Maintains Sector Perform on Duke Energy, Raises Price Target to $120

Duke Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) short percent of float has risen 10.57% since its last report. The company recently reported that it has 10.49 million shares sold short, which is 1.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Duke Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733233516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Duke Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Duke Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Duke Energy's peer group average for short interest as a percentage of float is 2.11%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(DUK) - Analyzing Duke Energy's Short Interest

Morgan Stanley analyst Stephen Byrd maintains Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) with a Equal-Weight and lowers the price target from $122 to $118.

Morgan Stanley Maintains Equal-Weight on Duke Energy, Lowers Price Target to $118

After Wednesday&#8217;s &#8220;everything rally&#8221; spurred by the election results, investors took a less euphoric approach on Thursday ahead of the Federal Open Market Committee (FOMC) meeting.
The Fed is widely expected to cut interest rates by 25 basis points, bringing them to a range of 4.5%-4.75%, following a previous 50-basis-point cut in September.
Yet, all eyes are on Fed Chair Jerome Powell&#8217;s comments at 2:30 p.m. ET regarding the potential for future rate hikes and his views on inflation risks. Concerns from the market center on the possibility of a policy U-turn driven by higher fiscal deficits and price pressures from trade tariffs under a Trump administration.
Tech stocks led gains, with the Nasdaq 100 extending its record-breaking levels, surpassing 21,000 points and eyeing a third consecutive positive session. The S&amp;P 500 and Dow Jones posted more modest gains, while the Russell 2000 paused after Wednesday&#8217;s 5.8% leap.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remained a top performer among mega-cap stocks, bolstered by expectations of Elon Musk&#8216;s influence in the upcoming administration.
Treasury yields reversed a substantial portion of Wednesday's post-election increase, while the U.S. dollar dipped by 0.7%.
Metal commodities rebounded after Wednesday&#8217;s sharp losses, with gold rising 1.3%, silver up 2% and copper rallying over 4%.
Oil prices strengthened by 1%, with West Texas Intermediate trading around $72 per barrel.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 0.8%, reaching $76,000 to extend its record highs, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) outperformed with a gain of over 4%.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,050.78</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,968.27</td>
<td>0.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,748.20</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,389.10</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.7% to $594.84.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;stalled at $437.25.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 1.3% to $512.38.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.3% to $236.67.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, rising 1.3%. The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) lagged, down 1.2%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
Some relevant reactions to earnings reports are:
<ul>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), up 0.1%, </li>
<li>Gilead Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), up 6.2%, </li>
<li>MercadoLibre Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), down 16%, </li>
<li>APPLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), up 43%, </li>
<li>McKesson Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>), up 11%, </li>
<li>Take-Two Interactive Software Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), up 6.3%, </li>
<li>Transdigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>), down 4.4%</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41814589/why-trumps-boost-to-treasury-yields-inflation-expectations-may-weaken-feds-efforts-">Why Trump&#8217;s Boost To Treasury Yields, Inflation Expectations May Weaken Fed&#8217;s Efforts To Cut Interest Rates</a></li>
</ul>
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Nasdaq 100 Extends Record Levels Ahead Of Fed Meeting, Tesla Hits 26-Month Highs, Small Caps Stall: What's Driving Markets Thursday?

Guidance

Duke Energy Says Storm Costs Are Going To Temporarily Impact Our Credit In 2024; Says Expected Revenue Impact Due To Storm Milton Related Outages Will Be Felt In Q4 As Well

Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) reported&nbsp;third-quarter adjusted EPS&nbsp;of&nbsp;$1.62, down from&nbsp;$1.94 a year ago&nbsp;and missing the <a target="_blank" href="https://s201.q4cdn.com/583395453/files/doc_financials/2024/q3/Q3-2024-DUK-Earnings-Release_vF.pdf" rel="noreferrer noopener">consensus </a>of&nbsp;$1.70.&nbsp;
Revenues of&nbsp;$8.154 billion&nbsp;exceeded the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of&nbsp;$8.058 billion</a>.
Electric Utilities and Infrastructure&#8217;s adjusted segment income declined to&nbsp;$1.464 billion&nbsp;from $1.531 billion&nbsp;a year ago.&nbsp;
Quarterly results declined primarily due to increased O&amp;M expenses, including storm-related costs, higher depreciation from an expanding asset base, rising interest expenses, and the impact of milder weather.
On the other hand, the Gas Utilities and Infrastructure segment reported an an adjusted loss of $22 million compared to an adjusted segment income of $15 million in the third quarter of 2023.
Total storm restoration costs, including capital expenditures, for Hurricanes Helene, Debby, and Milton are projected at $2.4 billion to $2.9 billion, primarily affecting Duke Energy Carolinas, Duke Energy Progress, and Duke Energy Florida.
The company expects these costs to be recognized in the third and fourth quarters of 2024.
At the end of the quarter, operating cash flow stood at&nbsp;$8.95 billion, and cash and equivalents stood at&nbsp;$447 million.&nbsp;
Lynn Good, Duke Energy chair and chief executive officer, said, &#8220;Our team&#8217;s commitment to our customers was unwavering as they worked around the clock to restore 5.5 million outages as quickly and safely as possible and rebuilt large portions of our system in a matter of days.&#8221;
FY24&nbsp;Outlook&nbsp;Reaffirmed: Duke Energy expects adjusted EPS of&nbsp;$5.85 &#8211; $6.10&nbsp;<a target="_blank" href="https://www.benzinga.com//node/40190824" rel="noreferrer noopener">vs consensus of&nbsp;$5.98</a>.
The company also reaffirmed its long-term adjusted EPS growth of&nbsp;5%-7%&nbsp;through 2028 vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the 2024 midpoint of&nbsp;$5.98</a>.&nbsp;
Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund – Utilities&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) and&nbsp;Fidelity MSCI Utilities Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUTY#NYSE">FUTY</a>).
Price Action: DUK shares are down 1.33% at $112.12 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41793507/hurricane-rafael-hits-cuba-as-category-3-storm-stocks-to-watch-as-storm-heads-into-gulf-of-mexico" target="_blank" rel="noreferrer noopener">Hurricane Rafael Hits Cuba As Category 3 Storm: Stocks To Watch As Storm Heads Into Gulf Of Mexico</a></li>
</ul>

Earnings

FUTY

Duke Energy Q3 EPS Falls Short On Higher Costs And Storm Impacts, Reaffirms FY24 Outlook

Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) affirms FY2024 Adj EPS guidance from $5.85-6.10 to $5.85-6.10 vs $5.98 analyst estimate..

Duke Energy Affirms FY24 Adj EPS Guidance Of $5.85-$6.10 vs $5.98 Est

Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) reported quarterly earnings of $1.62 per share which missed the analyst consensus estimate of $1.70 by 4.71 percent. This is a 16.49 percent decrease over earnings of $1.94 per share from the same period last year. The company reported quarterly sales of $8.154 billion which beat the analyst consensus estimate of $8.058 billion by 1.19 percent. This is a 2.00 percent increase over sales of $7.994 billion the same period last year.

Earnings Beats

Earnings Misses

Duke Energy Q3 2024 Adj. EPS $1.62 Misses $1.70 Estimate, Sales $8.154B Beat $8.058B Estimate

Hurricane Rafael made landfall in Cuba as a Category 3 storm on Wednesday. Here's a look at what stocks could be affected as the hurricane takes <a href="https://www.benzinga.com/markets/equities/24/10/41240852/back-to-back-hurricanes-batter-floridas-insurance-market-stocks-to-watch">aim at the Gulf of Mexico. </a>
What To Know: According to <a href="https://www.foxweather.com/weather-news/tracking-hurricane-rafael-us-gulf-of-mexico-caribbean">a report</a> from Fox Weather, Hurricane Rafael made landfall in the Cuban province of Artemisa with sustained winds of 115 miles per hour, making it a Category 3 hurricane. The storm is expected to enter the Gulf of Mexico on Wednesday night and residents along the coast from Florida to Texas will be watching the storm's path.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
What To Watch: Hurricanes affect people, homes and companies in their paths and spread wide-reaching effects on various sectors and industries. Insurance companies see an influx of claims resulting from damage to property and vehicles. Homes will have to be repaired and rebuilt driving sales of lumber, windows and sheetrock higher. Power outages cause consumers to seek portable generators as an alternative way to power their homes.&nbsp;
Home improvement stores like Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) could see a pop in sales as people rush to secure their homes before the storm and repair damage after. 
Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) designs and manufactures standby generators and portable generators and often sees its shares rise before and after major weather events. 
Shares of insurance companies tend to drop after natural disasters and investors may want to keep an eye on Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Travelers Companies, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) and Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) in the days and weeks following a potential landfall from Hurricane Rafael. 
Power companies including Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) and Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>) could face increased labor costs and additional costs to repair infrastructure after the storm.
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">Trump&#8217;s Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft</a></li>
</ul>
Photo: Hurricane Rafael as a tropical storm, 11.5.2024. Courtesy the NOAA/Public Domain

General

GNRC

Hurricane Rafael Hits Cuba As Category 3 Storm: Stocks To Watch As Storm Heads Into Gulf Of Mexico

Rep. Marjorie Taylor Greene (R-Ga.) disclosed a new round of trades that includes bets on billionaires Warren Buffett, Mark Zuckerberg and Elon Musk ahead of the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
What Happened: Greene disclosed purchasing multiple stocks on Tuesday, with the trades all made on Nov. 1 and tracked on <a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene">Benzinga's Government Trades</a> page for the representative.
Here are the stocks bought by Greene, with each trade disclosed in a range of $1,000 to $15,000:
<ul>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>Berkshire Hathaway B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)</li>
<li>Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</li>
<li>Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>)</li>
<li>Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>)</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Hershey Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>)</li>
</ul>
Greene previously <a href="https://www.benzinga.com/markets/equities/24/10/41266843/marjorie-taylor-greene-boosts-stock-portfolio-with-ai-exposure-buys-jpmorgan-and-this-hot-magnif">disclosed several trades</a> in October, which included buying some of the same stocks, including Berkshire Hathaway, Intel, Tesla and Meta Platforms. In September, Greene <a href="https://www.benzinga.com/government/24/09/41031499/marjorie-taylor-greene-stays-loyal-to-trump-keeps-djt-stock-buys-into-warren-buffetts-berkshire-in-l">also bought </a>Berkshire Hathaway and Intel shares.
In May, Greene <a href="https://www.benzinga.com/markets/equities/24/05/38611874/marjorie-taylor-greene-reveals-new-stock-trades-after-2-year-gap-berkshire-hathway-goldman-sachs">disclosed her first </a>stock purchases in several years, which included Berkshire Hathaway and Hershey shares.
Since May, Greene has been actively trading and adding to positions with a strong interest in technology companies and chip stocks.
Greene's latest positions could raise red flags similar to other investments as she is on the Subcommittee on Cybersecurity, Information Technology, and Government Innovation. The representative is also on the Subcommittee on Government Operations and the Federal Workforce.
Knowledge of technology and cybersecurity deals could help several stocks held in her portfolio.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Greene could also be positioning her portfolio based on the 2024 presidential election, a race which sees the representative supporting Donald Trump.
Chip stocks and technology companies were among <a href="https://www.benzinga.com/general/politics/24/10/41584466/these-10-stocks-were-the-best-s-p-500-performers-in-2017-when-trump-was-president-will-history-r">the best performing </a>in the S&amp;P 500 in 2017, Trump's first year in the White House previously. Energy stocks <a href="https://www.benzinga.com/general/politics/24/10/41606114/10-s-p-500-stocks-were-worst-performers-in-first-year-of-trumps-presidency-will-they-sink-again">underperformed in 2017,</a> which could make Greene's buy of Duke Energy a bit of a surprise if she is betting on a Trump victory.
Tesla is expected to be a company that benefits from a Trump victory. Tesla CEO Elon Musk endorsed Trump for president and could have a role in Trump's White House.
Trump has spoken out against electric vehicles and wants to eliminate consumer tax breaks for EVs. Tesla could benefit from the elimination of subsidies and tax breaks as they could be more harmful to competitors in the electric vehicle space and not hurt Tesla as much as its peers.
While Greene has been actively buying stocks over the last several months, she has not reported selling her shares of Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), the Trump co-founded media company that completed a SPAC merger earlier this year.
Greene disclosed buying Digital World Acquisition shares back in October 2021, the SPAC that took Trump&#8217;s media company public in March 2024.
The transaction was done with shares trading between $67.96 to $118.80. A tweet from UnusualWhales pins the purchase price at $94.20, meaning Greene is down significantly on her $15,000 to $50,000 purchase in the Trump-linked stock. Shares of DJT trade at $39.13 at the time of writing.
With the latest stock transactions, Greene increased her holdings in technology stocks along with placing bets on Buffett to continue powering Berkshire Hathaway as the stock trades near a $1 trillion market cap.
Not many can say that their investing portfolios are betting on Trump, Musk and Buffett, but Greene can.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/01/36459015/10-best-stock-traders-in-congress-in-2023-spoiler-nancy-pelosi-is-back-on-the-list">10 Best Stock Traders In Congress In 2023 (Spoiler: Nancy Pelosi Has Reentered The Chat)</a></li>
</ul>
Photo: Shutterstock

Government

AAPL

INTC

Is Marjorie Taylor Greene Betting On Trump Victory? Buys Apple, Meta, Tesla Stocks Ahead Of 2024 Election

Duke Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) short percent of float has fallen 7.3% since its last report. The company recently reported that it has 9.83 million shares sold short, which is 1.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.45 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Duke Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729882819_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Duke Energy has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Duke Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Duke Energy's peer group average for short interest as a percentage of float is 2.01%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Duke Energy's Recent Short Interest

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Rosenblatt analyst Mike Genovese downgraded Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) from Buy to Neutral but raised the price target from $84 to $105. Coherent shares closed at $98.44 on Monday. <a href="https://www.benzinga.com/quote/COHR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Sophie Karp downgraded the rating for Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) from Overweight to Sector Weight. Duke Energy shares closed at $119.89 on Monday. <a href="https://www.benzinga.com/quote/DUK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity analyst Carey Macrury downgraded Gatos Silver, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATO#NYSE">GATO</a>) from Buy to Hold. Gatos Silver shares closed at $19.26 on Monday. <a href="https://www.benzinga.com/quote/GATO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BTIG analyst Janine Stichter downgraded the rating for Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) from Buy to Neutral. Deckers Outdoor shares closed at $160.01 on Monday. <a href="https://www.benzinga.com/quote/DECK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein analyst Harshita Rawat downgraded Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) from Outperform to Market Perform and lowered the price target from $135 to $112.Global Payments shares closed at $99.98 on Monday.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/news/24/10/41429862/this-analyst-with-85-accuracy-rate-sees-around-11-upside-in-netflix-here-are-5-stock-picks-for-last">This Analyst With 85% Accuracy Rate Sees Around 11% Upside In Netflix &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Pre-Market Outlook

COHR

DECK

GATO

This Global Payments Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

Keybanc analyst Sophie Karp downgrades Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) from Overweight to Sector Weight.

Downgrades

Keybanc Downgrades Duke Energy to Sector Weight

Investors with a lot of money to spend have taken a bullish stance on Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DUK, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Duke Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $33,762, and 9, calls, for a total amount of $627,974.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $105.0 for Duke Energy over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Duke Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Duke Energy's significant trades, within a strike price range of $75.0 to $105.0, over the past month.
<h3>Duke Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729007158_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DUK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$41.0</td>
<td>$38.3</td>
<td>$38.31</td>
<td>$80.00</td>
<td>$153.3K</td>
<td style="text-align: right;">155</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>DUK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$42.8</td>
<td>$42.0</td>
<td>$42.8</td>
<td>$75.00</td>
<td>$85.6K</td>
<td style="text-align: right;">45</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>DUK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$40.5</td>
<td>$37.5</td>
<td>$38.5</td>
<td>$80.00</td>
<td>$77.0K</td>
<td style="text-align: right;">21</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>DUK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$45.4</td>
<td>$43.2</td>
<td>$43.2</td>
<td>$75.00</td>
<td>$69.1K</td>
<td style="text-align: right;">45</td>
<td style="text-align: right;">45</td>
</tr>
<tr>
<td>DUK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$29.1</td>
<td>$27.8</td>
<td>$28.45</td>
<td>$90.00</td>
<td>$56.9K</td>
<td style="text-align: right;">23</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>

<h3>About Duke Energy</h3>
Duke Energy is one of the largest us utilities, with regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to 8.2 million customers. Its natural gas utilities serve more than 1.6 million customers.
<h3>Current Position of Duke Energy</h3>
<ul>
<li>Trading volume stands at 1,063,954, with DUK's price up by 2.45%, positioned at $117.91.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 23 days.</li>
</ul>
<h3>Expert Opinions on Duke Energy</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $125.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Duke Energy, targeting a price of $126. 
&#x2A; An analyst from Keybanc persists with their Overweight rating on Duke Energy, maintaining a target price of $121. 
&#x2A; Reflecting concerns, an analyst from Jefferies lowers its rating to Buy with a new price target of $138. 
&#x2A; An analyst from Mizuho upgraded its action to Outperform with a price target of $121. 
&#x2A; An analyst from Morgan Stanley persists with their Equal-Weight rating on Duke Energy, maintaining a target price of $120. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Duke Energy with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Looking At Duke Energy's Recent Unusual Options Activity

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>TD Cowen analyst Gabe Daoud upgraded the rating for SM Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) from Hold to Buy and lowered the price target from $64 to $60. SM Energy shares fell 2% to close at $44.62 on Monday. <a href="https://www.benzinga.com/quote/SM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Craig-Hallum analyst Jason Kreyer upgraded TechTarget, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTGT#NASDAQ">TTGT</a>) from Hold to Buy and boosted the price target from $34 to $36. TechTarget shares gained 4.8% to close at $25.16 on Monday. <a href="https://www.benzinga.com/quote/TTGT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho analyst Anthony Crowdell upgraded Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) from Neutral to Outperform and increased the price target from $116 to $121. Duke Energy shares gained 0.8% to close at $115.09 on Monday. <a href="https://www.benzinga.com/quote/DUK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush analyst Seth Basham upgraded the rating for Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) from Neutral to Outperform. Advance Auto Parts shares gained 5.2% to close at $39.47 on Monday. <a href="https://www.benzinga.com/quote/AAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst Vijay Kumar upgraded Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) from In-Line to Outperform and boosted the price target from $19 to $25. Bausch &amp; Lomb shares gained 7.2% to close at $20.87 on Monday. <a href="https://www.benzinga.com/quote/BLCO/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying AAP stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="513" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15090336/image-113-1024x513.png" alt="" class="wp-image-596052" style="width:571px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15090336/image-113-1024x513.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15090336/image-113-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15090336/image-113-768x385.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15090336/image-113.png 1327w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Upgrades

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This Advance Auto Parts Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

Mizuho analyst Anthony Crowdell upgrades Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) from Neutral to Outperform and raises the price target from $116 to $121.

Mizuho Upgrades Duke Energy to Outperform, Raises Price Target to $121

Barclays analyst Nicholas Campanella maintained a Buy rating on Duke Energy (DUK – Research Report) on January 13 and set a price target of $111.00...

Barclays Remains a Buy on Duke Energy (DUK)

In a report released on January 13, Shelby Tucker from RBC Capital maintained a Buy rating on Duke Energy (DUK – Research Report), with a price tar...

RBC Capital Reaffirms Their Buy Rating on Duke Energy (DUK)

The utilities industry is well-poised for significant growth and expansion, driven by ever-surging demand, evolving technologies, and a shift from traditional fuel sources. Therefore, it could be wise to consider investing in quality electric utility stocks Duke Energy (DUK), Consolidated Edison (ED), and American Electric Power (AEP) with consistent dividends. Continue Reading... The utilities sector's growth prospects appear appealing with the growing and evolving consumer demand, strong economic developments, and technological advancements.
Given the industry's resilient outlook, it could be wise to invest in fundamentally sound utility stocks Duke Energy Corporation (<a href="https://stocknews.com/stock/DUK/">DUK</a>), Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>), and American Electric Power Company, Inc. (<a href="https://stocknews.com/stock/AEP/">AEP</a>) for potential gains.
Driven by worldwide population growth, urbanization, and the adoption of efficient technologies like EVs, Artificial Intelligence (AI), and data centers, the global electricity demand is on a rapid surge. Further, the global push towards decarbonization and green revolution significantly contributes to the market dynamics.
The residential sector is leading the highest consumption of electricity in the United States. Power demand in the US is expected to hit record highs in the forthcoming period. <a href="https://www.reuters.com/business/energy/us-power-use-reach-record-highs-2024-2025-eia-forecast-says-2024-12-10/">U.S. Energy Information Administration (EIA)</a> projects power demand to surge to 4,165 billion kWh in 2025, which was around 4,086 billion kWh in 2024.
With such a rapid increase in electricity demand, the utilities market is poised to expand exponentially going forward. The global utilities market is expected to reach around $9.21 trillion by 2029, exhibiting growth at a <a href="https://www.thebusinessresearchcompany.com/report/utilities-global-market-report">CAGR of 6%</a>. The market growth over the coming years is attributable to faster economic growth, changing trends toward renewable energy, and increasing population.
Thus, investors could lean towards sound utility stocks offering consistent dividend payouts to benefit from the blossoming utility industry. Investors will have the advantage of regular income along with a high potential for capital appreciation over the years.
Given the promising prospects of the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry, let's look at the fundamentals, starting with the third stock.
Stock #3: Duke Energy Corporation (<a href="https://stocknews.com/stock/DUK/">DUK</a>)
DUK, together with its subsidiaries, operates as an energy company. It operates in the Electric Utilities and Infrastructure (EU&amp;I) and Gas Utilities and Infrastructure (GU&amp;I) segments. The company generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
DUK's annual dividend payout of $4.18 translates to a yield of 3.86% at the current share price. Its four-year average dividend yield is 3.99%. Moreover, the company's dividends have increased at a CAGR of 2% over the past three years. DUK has raised its dividends for 13 consecutive years.
On November 21, DUK launched the Duke Energy + Electrada Fleet Mobility Microgrid in Mount Holly, a first-of-its-kind electrification center for commercial and public electric fleet vehicles. This first-of-its-kind project in the U.S. aims to offer a zero-emission, carbon-free microgrid option for fleet charging.
During the third quarter that ended September 30, 2024, DUK reported total operating revenues of $8.15 billion, representing growth of 2% year-over-year. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 1.6% year-over-year to $2.14 billion. Also, net income available to DUK common shareholders stood at $1.23 billion and $1.60 per share, up 1.1% and 0.6% year-over-year, respectively.
For the fourth quarter (ended December 2024), analysts expect DUK's revenue to grow 1.3% year-over-year to $7.30 billion. For the same quarter, the company's EPS is expected to increase 9.9% year-over-year to $1.66. Furthermore, DUK has surpassed the consensus revenue estimate in each of the trailing four quarters.
DUK's stock has gained 7.5% over the past six months and 8.9% over the past year to close the last trading session at $108.23.
DUK's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Stability. Within the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry, DUK is ranked #21 of 58 stocks.
<a href="https://stocknews.com/stock/DUK/">Click here</a> to access additional ratings of DUK for Value, Momentum, Growth, Sentiment, and Quality.
Stock #2: Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>)
ED engages in the regulated electric, gas, and steam delivery businesses. The company provides electric services to approximately 3.7 million customers in New York City and Westchester County, gas to around 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County, and steam to approximately 1,530 customers in parts of Manhattan.
On October 17, ED declared a quarterly dividend of $0.83 a share on its common stock. The dividend payment was made on December 16, 2024, to stockholders of record as of November 13, 2024.
The company pays an annual dividend of $3.32, which translates to a yield of 3.73% at the current share price. Its four-year average dividend yield is 3.64%. Moreover, the company's dividend payouts have increased at a CAGR of 2.3% over the past three years. ED has raised its dividends for 50 consecutive years.
In the third quarter that ended on September 30, 2024, ED's total operating revenues increased 5.7% year-over-year to $4.09 billion. The company's operating income grew 19.4% from the year-ago value to $862 million. Its adjusted earnings came in at $583 million or $1.68 per share, indicating increases of 3.9% and 3.7% from the prior year's quarter, respectively.
Analysts expect ED's revenue and EPS for the second quarter (ending June 2025) to increase 8.7% and 15.3% year-over-year to $3.50 billion and $0.68, respectively. Also, the company has topped the consensus EPS estimate in all four trailing quarters, which is remarkable.
Shares of ED have surged marginally over the past six months to close the last trading session at $89.01.
ED's POWR Ratings reflect its sound fundamentals. The stock is ranked #9 out of 58 stocks within the same industry.
<a href="https://stocknews.com/stock/ED/">Click here</a> to access all the ED ratings.
Stock #1: American Electric Power Company, Inc. (<a href="https://stocknews.com/stock/AEP/">AEP</a>)
AEP is an electric public utility holding company engaged in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company operates in Vertically Integrated Utilities; Transmission and Distribution Utilities; AEP Transmission Holdco; and Generation &amp; Marketing segments.
On December 18, AEP's subsidiary Southwestern Electric Power Co. announced the ongoing development of several new generation projects. These initiatives are designed to enhance SWEPCO's diverse energy portfolio by adding natural gas facilities with wind and solar farms, addressing the growing capacity demands of its customers in a cost-effective manner.
On October 22, AEP's Board of Directors declared a regular quarterly cash dividend of $0.93 per share on its common stock, reflecting an increase of $0.05 per share. The dividend was paid on December 10, 2024, to shareholders of record as of November 8, 2024, and marked AEP's 458th consecutive quarterly common stock cash dividend.
AEP pays a $3.72 annual dividend yielding 4.03% at the current share price. Its four-year average dividend yield is 3.63%. Its dividends have increased at a 6% CAGR over the past three years and a 5.7% CAGR over the past five years.
During the third quarter that ended September 30, 2024, AEP's total revenues increased 1.5% year-over-year to $5.42 billion, and its operating income amounted to $1.35 billion for the same quarter. The company's non-GAAP total operating earnings came in at $985.40 million and $1.85 per share, up 6.7% and 4.5% year-over-year, respectively.
Street expects AEP's EPS and revenue to grow 2.7% and 4.9% year-over-year to $1.26 and $4.87 billion for the fourth quarter (ended December 2024). Moreover, the company has topped the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, the stock has gained 5.9% and 9.2% over the past year to close the last trading session at $92.26.
AEP's bright prospects are reflected in its POWR Ratings. AEP has a B grade for Stability and Growth. It is ranked #2 among 58 stocks within the Utilities - Domestic industry.
To see the other ratings of AEP for Value, Quality, Momentum, and Sentiment, <a href="https://stocknews.com/stock/AEP/">click here</a>.
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<hr />
DUK shares were trading at $108.23 per share on Thursday afternoon, up $1.42 (+1.33%). Year-to-date, DUK has gained 0.45%, versus a 0.58% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/duk-aep-ed-3-electric-utility-stocks-powering-up-consistent-dividends/>3 Electric Utility Stocks Powering Up Consistent Dividends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Analysts fell to the sidelines weighing in on Duke Energy (DUK – Research Report) and Fomento Economico Mexicano (FMX – Research Report) with neutr...

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DUKB

RSPU

SOJC

SOJD

SOJE

SOJF

SREA

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Press Releases

Duke Energy announces dividend payments to shareholders

Duke Energy Board of Directors Appoints Harry Sideris as President and Chief Executive Officer, Effective April 1; Succeeds Lynn Good, Who Retires as Chair and CEO

Duke Energy to announce fourth-quarter and year-end 2024 financial results on Feb. 13

Duke Energy's tree giveaway encourages Floridians to plant the right tree in the right place to keep the power flowing

New voluntary solar program helps Duke Energy customers in North Carolina, South Carolina support clean energy

Duke Energy prepares for cold snap in the Carolinas; offers ways customers can save energy and money

To accelerate the exploration of new nuclear technologies, Duke Energy joins industry group vying for DOE grant

Duke Energy prepares for sustained freezing temperatures in the Carolinas; offers ways customers can save energy and money

Artic blast brings sustained freezing temperatures; Duke Energy prepares and encourages customers to save energy and money

Duke Energy continues to manage the power grid through sustained cold conditions

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