Management Meeting: Duke Energy's Atlantic Coast Pipeline Investor Focus a Key to Earnings Growth
We are reaffirming our $87 per share fair value estimate, narrow moat, and stable moat trend for Duke Energy after meeting with management at the Edison Electric Institute Financial Conference in San Francisco.Management's recent announcement noting the increasing costs and delay at Atlantic Coast Pipeline remains a concern, as the investment is key to our five-year 5% earnings growth forecast. Costs for the Atlantic Coast Pipeline, or ACP, increased from $6.5 billion to $7.0 billion. Duke and ...
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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