Duke Energy (NYSE:DUK) has announced a dividend payment to shareholders and also revealed its first-quarter 2024 results. The company has decided to sell its stake in the Pioneer Transmission joint venture to John Laing. The reports and analysis imply that Duke Energy's quarterly earnings surpassed estimates, with a surge in residential customers boosting numbers. The company also increased its hydroelectric plant output by 10%. CEO Harry Sideris spoke of how the company is advancing its energy transition and positioning itself for long-term success. The company's Q1 performance reassured the FY24 outlook, and it continued its efforts towards innovation, sustainability, and customer and employee centricity. Duke Energy is heavily dominated by institutional owners with 66% of the company. In other key financial news, Duke finished selling its utility-scale Commercial Renewables business to Brookfield, and it began its PowerPair Program in North Carolina.
Duke Energy Corporation DUK News Analytics from Wed, 05 Jul 2023 07:00:00 GMT to Sat, 11 May 2024 10:19:07 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -2
