Franklin Resources Increases Investment in Duke Energy Co.

☀️Trending News

Franklin Resources Inc. has recently upped its stock portfolio by investing in Duke Energy ($NYSE:DUK) Co., a leading utility and energy provider. The company is also a major player in the natural gas industry and is a world leader in providing clean, sustainable energy solutions. In addition to generating electricity, Duke Energy offers a variety of services such as energy efficiency programs, renewable energy sources, and integrated energy services. Duke Energy is committed to providing reliable and affordable energy to its customers while minimizing its environmental impact. The company has taken several steps to reduce its carbon footprint, including investing in renewable energy sources, reducing coal-fired generation, and investing in smart grid technology.

Duke Energy is also actively involved in supporting sustainable development initiatives in their communities through various programs. The decision by Franklin Resources Inc. to increase its stock portfolio by investing in Duke Energy Co. shows a commitment to supporting the company’s efforts to provide reliable, affordable, and clean energy solutions. This investment is also a sign of confidence in the company’s future growth prospects.

Stock Price

On Friday, Franklin Resources Inc. announced an increase in its investment in Duke Energy Co. This move saw DUKE ENERGY stock open at $90.2 and close at $90.7 – a 0.4% increase from its last closing price of $90.4. This marks the latest investment in the company, indicating the trust that Franklin Resources Inc. has in Duke Energy Co’s ability to succeed in the future. The increase in stock price also serves as a testament to the confidence of the investor community in the company. As Duke Energy Co continues to develop and progress, it is likely that these investments will increase and the stock price will continue to grow. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Duke Energy. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Duke Energy. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Duke Energy. More…

Key Ratios Snapshot

Some of the financial key ratios for Duke Energy are shown below. More…

Analysis

GoodWhale has conducted an analysis of DUKE ENERGY‘s financials, and based on our Star Chart, DUKE ENERGY is strong in asset, dividend, profitability, and medium in growth. We classify this type of company as ‘rhino’, and conclude that it has achieved moderate revenue or earnings growth. Investors who are looking for a company with a moderate level of growth and stability may be interested in DUKE ENERGY. Considering its cash flows and debt, DUKE ENERGY has an intermediate health score of 4/10, which indicates that it may be able to safely ride out any crisis without the risk of bankruptcy. More…

Peers

Duke Energy Corp is one of the leading energy companies in the United States. Duke Energy Corp’s competitors are Sempra Energy, REN-Redes Energeticas Nacionais Sgps SA, Ameren Corp. All of these companies are leaders in the energy industry and provide a variety of energy services.

– Sempra Energy ($NYSE:SRE)

Sempra Energy is a Fortune 500 energy services holding company based in San Diego, California. Sempra Energy’s businesses include Sempra Utilities, Sempra Renewables, Sempra LNG and Sempra Mexico.

Sempra Energy’s market cap as of 2022 is 45.18B. The company has a Return on Equity of 3.29%. Sempra Energy is a diversified energy services holding company with businesses in utilities, renewables, LNG, and Mexico.

– REN-Redes Energeticas Nacionais Sgps SA ($LTS:0KBT)

REN-Redes Energeticas Nacionais Sgps SA is a Portuguese utility company engaged in the transmission and distribution of electricity. The Company operates through three segments: Electricity Transmission, Electricity Distribution and Natural Gas. The Company, through its subsidiary, Redes Energéticas Nacionais – Redes Eletrónicas Nacionais, S.A., owns and operates a network of high voltage power lines and a network of medium voltage power lines, with a total length of approximately 22,290 kilometers. The Company’s electricity transmission system includes approximately 1,760 substations with a nominal voltage of 400 kilovolts (kV), 275 kV and 150 kV. The Company’s electricity distribution system includes approximately 1.4 million end customers. The Company’s natural gas system includes a high pressure gas pipeline network with a length of approximately 3,540 kilometers and a medium pressure gas pipeline network with a length of approximately 530 kilometers.

– Ameren Corp ($NYSE:AEE)

Ameren Corporation is a holding company engaged in rate-regulated electric and natural gas utility operations. The Company’s subsidiaries include Ameren Missouri and Ameren Illinois. The Company’srate-regulated electric generation, transmission and distribution operations are conducted through its subsidiary, Ameren Missouri. The Company’s rate-regulated natural gas businesses include distribution operations conducted through its subsidiary, Ameren Illinois, and natural gas transmission operations conducted through its subsidiary, Ameren Transmission Company of Illinois.

As of 2022, Ameren Corporation had a market capitalization of 20.3 billion dollars. The company’s return on equity was 10.16%. Ameren Corporation is a holding company that operates various rate-regulated electric and natural gas utilities. The company is based in the United States and serves customers in Missouri and Illinois.

Summary

This move is likely a signal of confidence in the company’s prospects, as it gives Franklin Resources an even larger stake in its success. Analysts have suggested that Duke Energy‘s recent investments in renewable energy sources and infrastructure upgrades are likely to pay dividends in the near future. Furthermore, Duke Energy’s dividend policy has made it attractive to many investors, as it offers a steady income. Overall, this latest increase of investment from Franklin Resources bodes well for Duke Energy’s long-term prospects and could lead to greater returns for investors.