Duke Energy Corp Stock Price, News & Analysis

Honeywell (NASDAQ: HON) has unveiled a groundbreaking flow battery technology designed for renewable energy storage, enhancing the use of wind and solar power. This innovative battery utilizes a non-flammable electrolyte, providing up to 12 hours of energy discharge, outpacing traditional lithium-ion batteries. Set to be tested by Duke Energy in 2022, this technology aims to reduce reliance on fossil fuels, aligning with Duke's clean energy targets of a 50% carbon emissions reduction by 2030. Industry forecasts predict a $13.7B market for long-duration energy storage by 2030.

Duke Energy (NYSE: DUK) has declared a quarterly cash dividend of $0.985 on its common stock, payable on Dec. 16, 2021, to shareholders of record by Nov. 12, 2021. Additionally, a dividend of $359.375 per share on its Series A preferred stock will also be paid on the same date. This marks the company's commitment to returning value to shareholders, having paid dividends consecutively for 95 years. Duke Energy is focused on a clean energy strategy aimed at reducing carbon emissions by 50% by 2030 and achieving net-zero emissions by 2050.

Duke Energy has declared November 1 as its inaugural Power Plant Worker Appreciation Day to honor the contributions of its 8,500 power plant workers. These workers operate 355 power plants across 23 states, generating a diverse energy mix including hydro, coal, nuclear, natural gas, and renewable sources. Duke Energy aims to raise awareness about the essential role these workers play in providing electricity and supporting local communities, especially during critical times like the pandemic. The company is committed to a 50% carbon reduction by 2030 and achieving net-zero carbon emissions by 2050.

Duke Energy (NYSE: DUK) has been recognized as the top U.S. utility for investor transparency in 2021, according to an independent review by Labrador. The company ranks 7th among all S&P 250 firms based on the quality and completeness of its financial disclosure documents. For the third consecutive year, Duke Energy has been in the Top 20 for corporate transparency, emphasizing its commitment to providing clear and comprehensive information to stakeholders. The evaluation took into account four transparency pillars: accessibility, precision, comparability, and availability.

Duke Energy Foundation has awarded $190,000 in grants to 17 environmental initiatives in Indiana, focusing on projects aimed at enhancing water quality, conservation, and habitat restoration. This funding is part of a larger commitment, with a total of $946,000 granted over the last five years. Notable projects include the Blue River Community Foundation's $20,000 grant for a linear park and various tree planting initiatives across the state. Duke Energy emphasizes its commitment to environmental stewardship and community engagement.

Duke Energy will announce its third-quarter financial results on Nov. 4, 2021, at 7 a.m. ET, with a news release available on its website. An earnings conference call for analysts will follow from 10 to 11 a.m. ET, featuring CEO Lynn Good and CFO Steve Young. The company serves 7.9 million electric and 1.6 million natural gas customers across several states and aims for a 50% carbon reduction by 2030. Duke Energy is also recognized as a leading renewable energy provider, targeting 16,000 megawatts of renewable capacity by 2025.

Duke Energy Foundation has awarded $425,000 to fund various environmental initiatives in Florida. The investments aim to enhance biodiversity, improve access to science education, and support wildlife conservation. Key projects include releasing 100,000 redfish fingerlings along the west coast to bolster recreational fishing and funding for organizations like Audubon Florida and Clearwater Marine Aquarium to address habitat restoration. The foundation, funded by Duke Energy shareholder dollars, contributes over $30 million annually to community needs.

Duke Energy Foundation has granted almost $500,000 to 16 organizations in South Carolina for wildlife conservation, environmental projects, and educational programs. The funding aims to enhance natural resources and provide educational opportunities, as highlighted by South Carolina president Michael Callahan. Notable grants include $25,000 to Ducks Unlimited for wetland habitat enhancement and $50,000 to Francis Marion University for a mobile field lab. Duke Energy continues to invest in community partnerships for long-term environmental benefits.

Duke Energy (NYSE: DUK) announced a partnership with Google's Nest Renew, aimed at enhancing customer engagement with energy-saving programs through compatible thermostats. This collaboration seeks to support a cleaner energy future by providing customers with innovative solutions to save money and conserve energy. Duke Energy continues to offer competitive rates and reliable service to its 7.9 million customers across several states. The Nest Renew program will roll out an early preview this fall, focusing on boosting renewable energy resources and achieving climate goals.