Duke Energy Corporation (DUK) Stock

Duke Energy Corporation (DUK) is a Utilities stock trading at $119.85 (as of 2026-08-21), with a market capitalization of $93.43B and a trailing P/E of 18.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Duke Energy Corporation operates as a U.S. energy company with segments including Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. It provides electricity and related wholesale services to customers in multiple states and distributes natural gas to residential, commercial, industrial, and power generation customers, supported by generation assets and gas pipeline and storage infrastructure.

Understand Duke Energy Corporation: how it makes money

Duke Energy generates, transmits, distributes, and sells electricity and natural gas services in the United States, and it also operates commercial renewables, making money primarily through its Electric Utilities and Infrastructure and Gas Utilities and Infrastructure segments, with earnings influenced by retail revenue outcomes tied to rate cases and related adjustments.

The profit engine is the regulated utility revenue mechanism, where retail revenue changes and rate case outcomes flow through the Electric Utilities and Infrastructure and Gas Utilities and Infrastructure segments, while Commercial Renewables contributes through a smaller (and currently loss) segment result.

Revenue by segment (latest quarter)
Electric$1.7B
Gas$0.5B
Commercial Renewables$-0.2B
Other$7.0B

Business quality (Solid): Clear segment structure is provided (Electric, Gas, Commercial Renewables), and the provided operating metrics point to electric as the main driver and commercial renewables as a drag, but the segment values shown are segment results rather than explicit segment revenues, so a revenue-sum check is not possible with the provided inputs.

Valuation: At 19× earnings, DUK trades 13% below the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

  • Electric is the largest segment contributor: Electric Utilities and Infrastructure segment income (GAAP) is 1.66 USD_B, larger than Gas Utilities and Infrastructure segment income (GAAP) at 0.53 USD_B.
  • Rate-case driven retail revenue changes are explicitly modeled: The facts include retail revenue increase items tied to rate case filings and MYRP, indicating management and investors track these drivers within the utility profit framework.

Bear case

  • Commercial renewables shows a segment loss in the provided data: Other segment loss (GAAP) is 0.23 USD_B, which suggests non-electric utility contributions are currently negative at the segment-result level.
  • Earnings depend on retail revenue outcomes: The presence of rate case filing and MYRP-related retail revenue increase items highlights that regulatory and rate setting outcomes can move segment results.
Valuation — source: SEC EDGAR (first-party)
Price$119.85
Market Cap$93.43B
P/E Ratio18.2
EV / EBITDA10.3
Price / Book1.65
Price / Sales2.87
FCF Yield-3.5%
DCF Value (model)$30.09
DCF Upside vs Price-74.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$31.74B
Net Margin15.7%
Revenue Growth (YoY)9.5%
EPS Growth (YoY)11.9%
FCF Growth (YoY)165.3%
Financial Health — source: SEC EDGAR
Altman Z-Score0.68 (distress)
Valuation vs Sector & Industry
Stock P/E18.2
Sector P/E (Utilities)20.8
Industry P/E (Utilities)20.1
vs Sector-12.8%
vs Industry-9.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($9.17B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorUtilities
IndustryUtilities
CEOHarry K. Sideris
Employees26,413
CountryUS
IPO Date1980-03-17

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

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DUK earnings history · DUK institutional & insider holders · DUK KPIs & operating metrics · DUK financials · DUK investor presentations & press releases · DUK SEC filings · DUK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.