Duke Energy Corporation (DUK) Bundle
A Brief History of Duke Energy Corporation (DUK)
Company Overview
Duke Energy Corporation (NYSE: DUK) is headquartered in Charlotte, North Carolina. As of 2024, the company serves approximately 7.5 million electric customers across six states.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $26.4 billion |
| Net Income | $3.8 billion |
| Market Capitalization | $71.2 billion |
| Total Assets | $133.6 billion |
Energy Generation Portfolio
- Coal: 19% of generation
- Natural Gas: 33% of generation
- Nuclear: 25% of generation
- Renewable Energy: 23% of generation
Service Territory
Duke Energy operates in six states: North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky.
Renewable Energy Investments
As of 2024, Duke Energy has committed $67 billion to clean energy infrastructure through 2030.
Regulated Utilities
| State | Electric Customers |
|---|---|
| North Carolina | 2.6 million |
| South Carolina | 1.3 million |
| Florida | 1.9 million |
Carbon Reduction Goals
- 70% carbon reduction by 2030
- Net-zero carbon emissions by 2050
Power Generation Capacity
Total generation capacity: 52,700 megawatts as of 2024.
Who Owns Duke Energy Corporation (DUK)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 127,014,425 | 11.4% |
| BlackRock Inc | 105,741,806 | 9.5% |
| State Street Corporation | 54,418,899 | 4.9% |
Top Institutional Investors
- Vanguard Total Stock Market Index Fund
- Vanguard Institutional Index Fund
- SPDR S&P 500 ETF Trust
- iShares Core S&P 500 ETF
Insider Ownership
Total insider ownership: 0.1% as of January 2024
Ownership Structure
| Category | Percentage |
|---|---|
| Institutional Investors | 69.8% |
| Individual Investors | 30.2% |
Public Float
Total public float: 1,112,000,000 shares
Headquarters Ownership
Headquartered in Charlotte, North Carolina
Stock Exchange Listing
New York Stock Exchange (NYSE): Ticker DUK
Duke Energy Corporation (DUK) Mission Statement
Corporate Mission Overview
Duke Energy Corporation's mission focuses on delivering reliable and sustainable energy solutions across the Southeastern and Midwestern United States.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $26.4 billion |
| Total Assets | $181.4 billion |
| Market Capitalization | $75.3 billion |
Strategic Focus Areas
- Provide clean, affordable, and reliable electricity to 7.5 million customers
- Reduce carbon emissions by 50% by 2030
- Invest in renewable energy infrastructure
- Modernize electrical grid systems
Operational Metrics
| Operational Indicator | 2023 Statistic |
|---|---|
| Total Electricity Generation Capacity | 51,000 megawatts |
| Renewable Energy Portfolio | 8,500 megawatts |
| Service Territory | 6 states |
Environmental Commitment
Duke Energy aims to achieve net-zero carbon emissions by 2050 through strategic investments in clean energy technologies.
How Duke Energy Corporation (DUK) Works
Company Overview
Duke Energy Corporation headquartered in Charlotte, North Carolina, operates as an electric power holding company with a market capitalization of $79.37 billion as of January 2024. The company serves approximately 7.5 million electric customers across six states.
Business Segments
| Segment | Revenue (2023) | Key Operations |
|---|---|---|
| Electric Utilities | $26.4 billion | Regulated electric generation, transmission, distribution |
| Natural Gas Utilities | $3.8 billion | Natural gas distribution services |
| Commercial Renewables | $1.2 billion | Wind, solar, and battery storage projects |
Energy Generation Portfolio
- Coal: 18% of generation mix
- Natural Gas: 47% of generation mix
- Nuclear: 22% of generation mix
- Renewable Energy: 13% of generation mix
Financial Performance
2023 Financial Highlights:
- Total Revenue: $31.4 billion
- Net Income: $3.6 billion
- Earnings Per Share: $2.81
- Total Assets: $180.2 billion
Geographic Service Territory
Duke Energy operates across six states: North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky.
Renewable Energy Investments
| Renewable Type | Capacity (MW) | Planned Investment |
|---|---|---|
| Solar | 4,500 MW | $6.8 billion by 2030 |
| Wind | 2,200 MW | $3.2 billion by 2030 |
| Battery Storage | 1,000 MW | $1.5 billion by 2030 |
Regulatory Environment
Duke Energy operates under regulations from state public utility commissions and federal energy regulatory agencies.
How Duke Energy Corporation (DUK) Makes Money
Electric Utility Revenue Streams
Duke Energy generated $26.1 billion in total operating revenues for the fiscal year 2023. The company's revenue breakdown includes:
| Segment | Revenue ($B) | Percentage |
|---|---|---|
| Electric Utilities | 24.1 | 92.3% |
| Natural Gas Utilities | 1.7 | 6.5% |
| Commercial Renewables | 0.3 | 1.2% |
Geographic Service Territories
Duke Energy operates in six states:
- North Carolina
- South Carolina
- Florida
- Indiana
- Ohio
- Kentucky
Power Generation Mix
| Generation Source | Percentage |
|---|---|
| Natural Gas | 42% |
| Coal | 23% |
| Nuclear | 20% |
| Renewable Energy | 15% |
Customer Base
Duke Energy serves approximately 8.2 million electric customers and 1.6 million natural gas customers.
Financial Performance
Key financial metrics for 2023:
- Net Income: $3.9 billion
- Operating Cash Flow: $6.2 billion
- Capital Investments: $7.5 billion
- Regulated Rate Base: $67.4 billion
Regulated Utility Earnings
Regulated utility segment earnings: $4.2 billion in 2023, representing 85% of total company earnings.
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