Duke Energy's Regulated Transformation Almost Complete
We are reaffirming our $84 per share fair value estimate, narrow economic moat, and stable moat trend ratings after Duke Energy reported third-quarter operating earnings of $1.68 per share compared with $1.47 per share in the comparable quarter last year. Management expects to earn in the high end of its 2016 guidance of $4.50-$4.70, in line with our $4.65 estimate. We are reaffirming our 5% annual earnings growth rate from 2017-20, in line with management's 4%-6% target.During the quarter mana...
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.
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