Duke Energy Corporation
DUK is a resilient powerhouse stock whose price performance can leave most investors wishing they’d known about it earlier. As a leading player in the energy industry, Duke Energy powers over 7.2 million customers with a peak generation of more than 58,000 megawatts. By investing in DUK shareholders are parking their capital behind nuclear, coal, hydro, and gas power.
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Ticker Information for Duke Energy Corporation
Industry Information for Duke Energy Corporation
Company Description for Duke Energy Corporation
Duke Energy Corporation, through its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I); and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity to approximately 8.6 million customers in the Southeast and Midwest regions. It generates electricity through coal, hydroelectric, natural gas, oil, renewables, and nuclear fuel. This segment also engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities. The GU&I segment distributes natural gas to approximately 1.7 million customers in the residential, commercial, industrial, and power generation natural gas sectors; and invests in pipeline transmission projects, renewable natural gas projects, and natural gas storage facilities. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2006. Duke Energy Corporation was founded in 1904 and is headquartered in Charlotte, North Carolina.