Constructive regulatory jurisdictions support Duke's long-term growth.
We are reaffirming our $87 fair value estimate and stable, narrow moat rating after Duke Energy reported first-quarter operating earnings of $1.28 per share compared with $1.04 in the same year-ago period. Higher customer rates and more favorable cold winter weather lifted quarterly earnings.Management reaffirmed 2018 earnings guidance of $4.55-$4.85 per share, in line with our estimate. Management also reaffirmed its 4%-6% growth rate target through 2022, in line with our 5% forecast. Duke rem...
Duke Energy is a holding company. Through its subsidiaries, the company operates as an energy company. The company's segments include: Electric Utilities and Infrastructure, which provides retail electric service through the generation, transmission, distribution and sale of electricity to customers within the Southeast and Midwest regions of the United States; Gas Utilities and Infrastructure, which conducts natural gas operations, as well as owns, operates and has investments in various pipeline transmission and natural gas storage facilities; and Commercial Renewables, which acquires, develops, builds, operates and owns wind and solar renewable generation throughout the continental United States.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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