North Carolina in Focus for Duke in 2019
We are reaffirming our $88 fair value estimate and stable, narrow moat ratings after Duke Energy reported first-quarter operating earnings per share of $1.24 compared with $1.28 in the same year-ago period.Management reaffirmed its 2019 EPS guidance of $4.80-$5.20, in line with our estimates. Higher customer rates and investment at the regulated utilities offset earnings drag from unfavorable weather and share dilution in the quarter.
We continue to watch legislation in North Carolina that woul...
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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