DUK - Duke Energy: Strong Long-Term Potential Despite Macro Headwinds

2024-02-11 08:51:22 ET

Summary

• Duke Energy is a conservative dividend stock with a customer base exceeding 8 million in the Southeast and Midwest regions of the United States.
• The company reported solid financial performance in 2023, with a 6% growth in adjusted earnings per share.
• Duke Energy is focusing on cost management, capital expenditure, and transitioning to a fully regulated utility to enhance shareholder value and meet evolving customer needs.

Introduction

It's time to talk about one of America's most conservative dividend stocks. That company is Duke Energy ( DUK ) , the regulated utility company from Charlotte, North Carolina.

Incorporated in 2005 after a series of mergers, the company currently has a customer base exceeding 8 million in the Southeast and Midwest regions of the United States....

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