JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
CHARLOTTE - Duke Energy (NYSE:DUK), a $90.5 billion utility giant with a current dividend yield of 3.54%, announced Tuesday it has increased its quarterly cash dividend on common stock to $1.065 per share, representing a $0.02 increase from the previous payout. According to InvestingPro, the company has raised its dividend for 17 consecutive years.
The dividend will be payable on September 16, 2025, to shareholders of record as of August 15, 2025, according to a press release statement from the energy company.
Duke Energy also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share, equivalent to $0.359375 per depositary share, payable on the same dates.
The Charlotte-based company noted it has maintained a consistent record of paying cash dividends on its common stock for 99 consecutive years.
Duke Energy operates as one of America’s largest energy holding companies, with electric utilities serving 8.6 million customers across six states: North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The company’s electric utilities collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers across five states.
The Fortune 150 company is currently implementing energy transition initiatives that include electric grid upgrades and investments in various generation sources including natural gas, nuclear, renewables and energy storage.
In other recent news, Duke Energy reported first-quarter earnings per share (EPS) of $1.76, surpassing BMO Capital Markets’ and the consensus estimate of $1.62. This strong performance led BMO to raise its stock target to $131 while maintaining an Outperform rating. Jefferies also adjusted its price target for Duke Energy, increasing it to $138, citing the company’s success in data center operations and its defensive qualities. Additionally, Duke Energy Carolinas has filed for a 7.7% rate increase in South Carolina, which, if approved, would generate an annual revenue increase of $150.5 million. This rate adjustment is intended to support investments in grid reliability and storm resilience. Duke Energy is also advancing its federal affairs strategy by promoting two executives, Pepper Natonski and Tom Craig, to lead the division. The company recently secured agreements with data center customers for a total capacity of 1 gigawatt, contributing to its growth prospects. Despite a veto in North Carolina affecting regulatory benefits, Jefferies suggests that potential legislative changes could restore these advantages for Duke Energy.
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