Duke's regulated utilities provide a stable source of earnings. The company's large capital-expenditure plan should drive rate base and earnings growth for the next several years.
The company operates in constructive North Carolina, South Carolina, and Florida regulatory jurisdictions, which account for most of the company's regulated revenue.
Duke's skilled management team has focused on core regulated operations and moaty, regulated growth investments. Read more
Energy-efficiency improvements are limiting energy demand growth, putting more pressure on Duke to seek customer rate increases.
Because of Duke's aggressive investment plan, regulatory risk increases.
As with all utilities, rising interest rates could unearth more attractive income-producing alternatives for yield-seeking investors. Read more
We assign management a Standard stewardship rating. Strong corporate governance, constructive regulatory relationships, and an astute leadership team support our rating. We like that management repositioned Duke's focus on integrating Progress Energy Read more
Duke Energy is the largest U.S. utility, with regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity and gas to about 7.1 million Read more