Duke Energy Corporation (DUK), headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the U.S. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky. Valued at $85.67 billion by market cap, the company collectively owns approximately 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky. DUK is also investing in electric grid upgrades and cleaner generation.
Shares of this leading energy company have outperformed the broader market considerably over the past year. DUK has gained 26.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17%. In 2024, DUK stock is up 16.4%, compared to SPX’s 9.9% returns on a YTD basis.
