DUK Duke Energy Corporation (Holding Company) Common Stock

NYSE · Utilities · View on SEC EDGAR ↗
$125.17
Price · Aug 18, 2026
Fundamentals as of Feb 26, 2026

About Duke Energy Corporation (Holding Company) Common Stock Company overview from Wikipedia

Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024, it ranked as the 141st largest company in the United States, its highest-ever placement on the Fortune 500 list.

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Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024, it ranked as the 141st largest company in the United States, its highest-ever placement on the Fortune 500 list.

Overview

Duke Energy is based in Charlotte, North Carolina. It owns 58,200 megawatts of base-load and peak generation in the United States, which it distributes to its 7.2 million customers. It has approximately 29,000 employees. Duke Energy's service territory covers 104,000 square miles (270,000 km2) with 250,200 miles (402,700 km) of distribution lines. Almost all of Duke Energy's Midwest generation comes from coal, natural gas, or oil, while half of its Carolinas generation comes from its nuclear power plants. During 2006, Duke Energy generated 148,798,332 megawatt-hours of electrical energy.

In 2023, Duke Energy sold off their unregulated utility-scale renewable power generation business to Brookfield Renewable Partners. Duke Energy Renewable Services (DERS), which was a subsidiary of Duke Energy, specialized in the development, ownership, and operation of 1,700 megawatts of various renewable generation facilities throughout the United States. As of 2008, they operated 240 megawatts of wind power, with an additional 1,500 megawatts of wind generation capacity under construction or in the planning stages at that time.

Subsidiaries

Duke Energy Carolinas (formerly Duke Power)

Duke Energy Ohio (formerly Cincinnati Gas & Electric Company, via Cinergy)

Duke Energy Kentucky (formerly Union Light, Heat & Power, via Cinergy)

Duke Energy Indiana (formerly Public Service Indiana, via Cinergy)

Duke Energy Florida (formerly Florida Power Corporation, via Progress Energy)

Duke Energy Progress (formerly Carolina Power and Light, via Progress Energy)

Duke Energy Renewables

Duke Energy Retail

Duke Energy International

Duke Energy Sustainable Solutions

Duke Energy One

Piedmont Natural Gas

History

The company began in 1900 as the Catawba Power Company when Walker Gill Wylie and his brother financed the building of a hydroelectric power station at India Hook Shoals along the Catawba River near India Hook, South Carolina. When Wylie needed additional funding to further his ambitious plan for construction of a series of hydroelectric power plants, Wylie convinced James B. Duke and his partner James Blaney to invest in the Southern Power Company, founded in 1905.

In 1917 James Blaney was the founder of the Wateree Power Company that was formed as a holding company for several utilities that had been founded and/or owned by Duke, and Blaney his associates, and in 1924 the name was changed to Duke Power. In 1927, most of the subsidiary companies, including Southern Power Company, Catawba Power Company, Great Falls Power Company, and Western Carolina Power Company were merged into Duke Power, although Southern Public Utilities, 100% owned by Duke Power, maintained a legally separate existence for the retail marketing of Duke-generated power to residential and commercial customers. Southern Public Utilities also operated transit systems, which Duke eventually converted from streetcars to buses.

In 1973, through its subsidiary, the Eastover Mining Company, Duke Power engaged in a lengthy contract dispute with the workers at the Brookside coal mine in Harlan County, Kentucky. For thirteen months, workers picketed the company for improved medical benefits and the right to representation by the United Mine Workers of America, while Duke Power insisted on a no-strike clause in the miner's eventual labor contract. The strike culminated in the shooting and death of twenty-two year old miner, Lawrence D. Jones, by a foreman at the Duke Power-owned mine. Five days later, Duke Power would reach an agreement with the striking miners which included recognition of the new UMWA local, the rehiring of workers dismissed during the strike, and dropping charges related to the action.

In 1988, Nantahala Power & Light Co., which served southwestern North Carolina, was purchased by Duke from Alcoa. For many years, it was operated as a separate division of Duke Power, operating under the Duke Power Nantahala Area brand. All former Nantahala operations now operate as Duke Energy Carolinas, although the former Nantahala hydroelectric dams operating in the area are operated as the Nantahala Region for regulatory and permitting purposes. The purchase of Nantahala gave Duke Power, and subsequently Duke Energy, its first and only interconnection with the TVA.

In 1990, Duke sold its remaining transit operations. Duke Power merged with PanEnergy, a natural gas company, in 1997 to form Duke Energy. The Duke Power name continued as the electric utility business of Duke Energy until the Cinergy merger.

With the purchase of Cinergy Corporation announced in 2005 and completed on April 3, 2006, Duke Energy Corporation's customer base grew to include the Midwestern United States as well. The company operates nuclear power plants, coal-fired plants, conventional hydroelectric plants, natural-gas turbines to handle peak demand, and pumped hydro storage. During 2006, Duke Energy also acquired Chatham, Ontario-based Union Gas, which is regulated under the [Ontario Energy Board Act (1998).

On January 3, 2007, Duke Energy spun off its gas business to form Spectra Energy. Duke Energy shareholders received 1 share of Spectra Energy for each 2 shares of Duke Energy. After the spin-off, Duke Energy now receives the majority of its revenue from its electric operations in portions of North Carolina, South Carolina, Kentucky, Ohio, and Indiana. The spinoff to Spectra also included Union Gas, which Duke Energy acquired the previous year.

In 2011, Duke Energy worked with Charlotte's business leader community to help build Charlotte into a smart city. The group called the initiative "Envision Charlotte". At the time, the group decided on a goal to reduce energy use in the "urban core of the city by 20 percent". To do so, the group focused on making energy consumption changes to commercial buildings larger than 10,000 square feet.

On July 3, 2012, Duke Energy merged with Progress Energy Inc with the Duke Energy name retained along with the Charlotte, North Carolina, headquarters.

Duke announced on June 18, 2013, that CEO Jim Rogers was retiring and Lynn Good would become the new CEO. Rogers has been CEO and Chairman since 2006, while Good was Chief Financial Officer of Duke since 2009, having joined Duke in the 2006 Cinergy merger. Rogers' retirement was part of an agreement to end an investigation into Duke's Progress Energy acquisition in 2012.

In 2016, Duke Energy purchased Piedmont Natural Gas for $4.9 billion to become its wholly owned subsidiary. Duke Energy completed selling its remaining power operations in Central and South America for $1.2 billion months afterwards. At one point Duke Energy had more than 4,300 megawatts of electric generation in Latin America. It operated eight hydroelectric power plants in Brazil with an installed capacity of 2,307 megawatts.

The company expects to spend $13 billion upgrading the North Carolina grid from 2017.

In 2018, Jessee Pound of CNBC wrote that Duke was one of many larger American companies which "paid an effective federal tax rate of 0% or less", which the Institute on Taxation and Economic Policy claimed was a result of Donald Trump´s Tax Cuts and Jobs Act of 2017. A response from Duke to a similar claim from the Institute of Policy Studies 2024 stated: "Duke Energy has a deferred tax balance – this does not mean Duke Energy is not paying these taxes, it means that our taxes are due in future years, and we will pay them."

On December 3, 2022, an attack was carried out on two Duke Energy substations located in Moore County, North Carolina. Damage from the attack left up to 40,000 residents without electrical power for several days, with officials closing schools and declaring a state of emergency. No suspect was ever identified, but the Federal Bureau of Investigation supported local investigators in case the incident met the definition of domestic terrorism under the Patriot Act.

Proposed nuclear plant

On March 16, 2006, Duke Power announced that a Cherokee County, South Carolina site had been selected for a potential new nuclear power plant. The site is jointly owned by Duke Power and Southern Company. Duke planned to develop the site for two Westinghouse Electric Company AP1000 (advanced passive) pressurized water reactors. Each reactor would have been capable of producing approximately 1,117 megawatts. (See Nuclear Power 2010 Program.)

On December 14, 2007, Duke Power submitted a Combined Construction and Operating License to the Nuclear Regulatory Commission, with an announcement that it will spend $160 million in 2008 on the plant with a total cost of $5 billion to $6 billion. The plant was approved in 2016.

In August 2017, Duke decided to seek permission from the North Carolina Utility Commission to cancel the project due to the bankruptcy of Westinghouse and "other market activity", although they retained the option of restarting the project at some point in the future if circumstances change.

This site would have been adjacent to the old site, which was never completed and abandoned in the early 1980s, and used by James Cameron as a film set for the 1989 movie The Abyss.

In 2018, Duke Energy announced that they had decided not to include new nuclear power in their long-range plans.

Headquarters buildings

J.A. Jones designed the first headquarters building, known as the Power Building, which was completed in 1927 at 440 South Church. It was five stories and 503,000 square feet (46,700 m2). The Electric Center at 526 South Church Street opened in 1975 with an addition in 1988. State Farm Insurance sold the Power Building in 2004 for $8 million to The Dilweg Cos., who anticipated significant development. Novare Group bought 5.13 acres (20,800 m2) at 408 South Church Street for $17 million from The Dilweg Cos. in a deal announced March 27, 2006. The Power Building was demolished February 24, 2007.

Duke Energy Center at 550 South Tryon Street was announced as the company's headquarters in 2009. The company announced May 17, 2021 that the headquarters will move in 2023 to Duke Energy Plaza, across the street from the current headquarters. Childress Klein is developing the new building, which will allow Duke to sell its Church Street and College Street buildings, and end its lease at 400 South Tryon. Previously named Charlotte Metro Tower, the 40-story building will be purchased when completed for up to $675 million by Childress Klein and CGA Capital, in the largest real estate deal in the city's history, announced in December 2019.

Finances

For the fiscal year 2017, Duke Energy reported earnings of US$3.059 billion, with an annual revenue of US$23.565 billion, an increase of 3.6% over the previous fiscal cycle. Duke Energy's shares traded at over $79 per share, and its market capitalization was valued at over US$58.8 billion in November 2018.

Environmental record

In 1999, the United States Environmental Protection Agency commenced an enforcement action against Duke Energy for making modifications to very old and deteriorating coal-burning power plants without getting permits under the Clean Air Act. Duke asserted that a "modification" under the Clean Air Act did not require a permit. Environmental groups asserted that Duke was using loopholes in the law to increase emissions. Initially, Duke prevailed at the trial court level, but in 2006, the case was argued before the Supreme Court (Environmental Defense v. Duke Energy Corp. (05-848)). The Court unanimously ruled on April 2, 2007, that the modifications allowed the power plants to operate for more hours, increasing emissions, so Clean Air Act permits were needed.

In 2002, researchers at the University of Massachusetts Amherst identified Duke Energy as the 46th-largest corporate producer of air pollution in the United States, with roughly 36 million

pounds of toxic chemicals released annually into the air. Major pollutants included sulfuric and hydrochloric acid, chromium compounds, and hydrogen fluoride. The Political Economy Research Institute ranks Duke Energy 13th among corporations emitting airborne pollutants in the United States. The ranking is based on the quantity (80 million pounds in 2005) and toxicity of the emissions. This change reflects the purchase of fossil fuel-heavy Cinergy, which occurred in 2005.

In early 2008, Duke Energy announced a plan to build the new, 800-megawatt Cliffside Unit 6 coal plant 55 miles (89 km) west of Charlotte, North Carolina. The plan has been strongly opposed by environmental groups such as Rising Tide North America, Rainforest Action Network, the community-based Canary Coalition as well as the Southern Environmental Law Center, which has threatened to sue Duke if it does not halt construction plans. On April 1, activists locked themselves to machinery at the Cliffside construction area as part of Fossil Fools Day.

Duke Energy has been "one of the most vocal advocates" for a "cap-and-trade" system to combat global CO2 emissions, "and the company's CEO, Jim Rogers, thinks the company will profit from cap-and-trade". The company left the National Association of Manufacturers in part over differences on climate policy.

In a joint venture with the French-based global energy firm AREVA, under the nominal name of ADAGE, Duke Energy has planned a "Green" biomass burning facility in Mason County, Washington and is negotiating with forestland owners to secure the 600,000 tons of wood debris it needs yearly to fuel its $250 million biomass plant.

The joint venture between electric power company Duke Energy and global nuclear services giant AREVA was created to build wood waste-to-energy power plants around the country.

ADAGE president Reed Wills announced the first Northwest outpost will be in the struggling timber town of Shelton, Washington.

The following pollutants are provided by DUKE-AREVA-ADAGE in their application for permit to the Department of Environmental Protection for a similar type of plant in Florida.

248 tons per year – particulate matter

288 tons per year – particulate matter 10

233 tons per year – particulate matter 2.5

249 tons per year – NOx (nitrogen oxides)

246 tons per year – SO2 (sulfur dioxide)

248 tons per year – CO (carbon monoxide)

40 tons per year – H2SO4 – (sulfuric acid mist)

63 tons per year – VOC (volatile organic compounds)

29 tons per year – F (fluorides)

Generating facilities

This list is partially complete due to the July 3, 2012, merger with Progress Energy.

Biomass fired

Shelton Biomass Facility (proposed)

Nuclear

Catawba Nuclear Station

McGuire Nuclear Station

Oconee Nuclear Station

Shearon Harris Nuclear Power Plant

H. B. Robinson Nuclear Generating Station

Brunswick Nuclear Generating Station

Crystal River Nuclear Power Plant (retired February 2013)

Coal-fired

Allen Steam Station

Belews Creek Steam Station

Beckjord Power Station

Cayuga Generating Station

Crystal River Energy Complex

East Bend Station

Edwardsport Station

Gallagher Station

Gibson Station

Marshall Steam Station

Mayo Plant

Miami Fort Power Station (purchased by Dynegy, 2014)

Riverbend Steam Station (retired)

Roxboro Steam Plant

Wabash River Station

William H. Zimmer Power Station (purchased by Dynegy, 2014)

Hydroelectric

Conventional hydro

Following is a list of Duke Energy's thirty conventional hydroelectric facilities, in order of average electric production. All properties are 100% owned by Duke, and all but Markland are located in North Carolina and South Carolina (Markland is located in southern Indiana).

Blewett Falls Hydroelectric Plant

Cowans Ford Hydro Station, 350 MW average capacity

Keowee Hydro Station, 158 MW

Walters Hydroelectric Plant, 112 MW

Tillery Hydroelectric Plant, 87 MW

Rocky Creek & Cedar Creek Hydro Stations, combined 73 MW

Great Falls & Dearborn Hydro Stations, combined 70 MW

Markland Hydro Station, 65 MW

Mountain Island Hydro Station, 60 MW

Lake Wylie Hydro Station, 60 MW

Wateree Hydro Station, 56 MW

Fishing Creek Hydro Station, 37 MW

Oxford Hydro Station, 36 MW

Bridgewater Hydro Station at Lake James, 31.5 MW

Rhodhiss Hydro Station, 26 MW

Lookout Shoals Hydro Station, 26 MW

Blewett Hydroelectric Plant, 22 MW

Ninety-Nine Islands Plant, 18 MW

Gaston Shoals Plant, 9 MW

Tuxedo Plant, 5 MW

Marshall Plant, 4 MW

and ten clustered locations at Nantahala, in mountainous southwestern North Carolina, producing a cumulative 99 MW

Pumped-storage hydro

Bad Creek Hydroelectric Station

Jocassee Pumped-Storage Generating Station

Oil and gas-fired

Anclote Station

Asheville Combustion Turbines

Bartow Combined Cycle Station

Buck Steam Station

Buzzard Roost Station

Cayuga Combustion Turbine Station

Cliffside Steam Station

Connersville Peaking Station

Dan River Steam Station

Darlington County Electric Plant

Henry County Peaking Station

Hines Energy Complex

H.F. Lee Energy Complex

Lee Steam Station

W.S. Lee Steam Station

Lincoln Combustion Turbine Station

Madison Peaking Station

Miami-Wabash Peaking Station

Mill Creek Combustion Turbine Station

Noblesville Station

Rockingham Station

Smith Energy Complex

Sutton Combined Cycle Plant

Wabash River Repowering Station

Wheatland Peaking Station

Woodsdale Station

Solar farms

Citing the falling cost of building solar farms, Duke Energy announced plans in 2017 to launch three new such projects in Kentucky. Two will be in Kenton County and one will be in Grant County. Together the three plants will create more than 6.7 MW of power. These join several other solar farms including:

Davidson County Solar Farm

Martins Creek Solar Farm 1 MW (Murphy, NC)

Culberson Solar Farm 1 MW (Murphy, NC)

Osceola Solar Facility 4 MW (St.Petersburg, Fla) Additionally, Duke Energy added 451 MW of solar capacity to North Carolina's grid in 2017.

Hamilton Solar Power Plant 74.9 MW (Jasper, FL)

Columbia Solar Power Plant 74.9 MW (Fort White, FL) (opening in 2020)

Live Oak Solar Power Plant ? MW (Live Oak, FL)

In 2020 Duke Energy began commercial operations of several farms in Texas, operating alongside its Farm from 2010.

Blue Wing Solar Project (San Antonio, TX)

Lapetus Solar Project 100 MW (Andrews County, TX)

Holstein Solar Project 200 MW (Nolan County, TX)

Rambler Solar Project 200 MW (Tom Green County, TX)

Wind farms

Los Vientos Wind Farm

Shirley Wind

Electric vehicles

Duke Energy announced in October 2018 that it would install 530 electric car charging stations around Florida. Ten percent of the stations will go into low income communities.

Awards

Duke Energy has been chosen as one of The 50 Best Employers In America by Business Insider

In 2002, Duke Energy was awarded the Ig Nobel Prize in Economics for "adapting the mathematical concept of imaginary numbers for use in the business world".

Criticism

In December 2000, Cinergy Corp agreed to pay $1.4B to settle allegations that its coal plants illegally polluted the air. Duke Energy completed its acquisition of Cinergy Corp in 2006.

In July 2004, Duke Energy agreed to pay $208M to settle allegations that it had engaged in price gouging in California during the energy crisis of 2000 and 2001.

In December 2009, Duke Energy agreed to spend approximately $93M to resolve violations of the Clean Air Act. Duke became obligated to make investments that were expected to reduce sulfur dioxide emissions by 86%.

On February 14, 2011, Greenpeace launched a campaign in which Phil Radford called on Duke Energy to abandon mountaintop removal coal, produce a third of its energy from renewable sources by 2020, and abandon coal altogether by 2030."

In May 2011, Duke agreed to pay $30M to resolve allegations that changes made to the company pension plan disproportionately harmed employees over 40, costing many of them up to half of their accrued benefits.

In December 2011, the non-partisan organization Public Campaign criticized Duke Energy for spending $17.47 million on lobbying. It also criticized Duke for not paying any taxes from 2008 to 2010 and receiving $216 million in tax rebates, in spite of turning a $5.4 billion profit and extensively raising executive compensations.

In 2012, Greenpeace protested Duke's lobbying of the Democratic Party, including its funding of the 2012 Democratic National Convention.

In July 2012, Duke Energy was criticized for paying former Progress Energy CEO Bill Johnson $44.7 million in compensation, including a $10 million severance, for something close to 20 minutes on the job as Duke's CEO.

In 2012, Duke Energy sued Citrus County, Florida claiming its tax bill was too high. The county hired an outside appraiser who found that there were a lot of unreported and underreported items and the tax claim was actually too low.

In May 2013, university students launched a campaign for Brown University to divest fossil fuels, specifically referring to Duke Energy and other coal plant operators.

On February 2, 2014, the massive Dan River coal-ash spill led to a grand jury investigation into Duke Energy. The initial investigation was overseen by Governor Pat McCrory, who was accused of intervening on Duke's behalf as he had been a Duke Energy employee for 28 years. Prosecutors went looking for any cash or items of value that might have been given to Governor McCrory and members of his administration in exchange for cheap settlements. Duke Energy was prosecuted, pled guilty to nine charges of criminal negligence, and agreed to pay $102 million in fines and restitutions. Duke Energy was also ordered to close all of its 32 ash ponds in the state of North Carolina by 2029.

In September 2016, the Government Pension Fund of Norway, then worth $900 billion, excluded Duke Energy and its subsidiaries from the fund, citing "risk of severe environmental damage".

During 2018 Duke Energy along with 90 additional Fortune 500 companies "paid an effective federal tax rate of 0% or less" as a result of Donald Trump´s Tax Cuts and Jobs Act of 2017.

In August 2020, environmental watchdog EWG released a report accusing Duke Energy of charging Indiana ratepayers for $12 billion worth of failed projects. This was the direct consequence of a controversial bill passed in Indiana earlier that year. Projects included two natural gas pipelines and two retired nuclear power plants.

In 2021, investigative reporting by the Orlando Sun Sentinel revealed that Duke Energy, FPL (Nextera Energy), and TECO Energy put forth more than $3 million to promote "ghost" spoiler candidates in key Florida legislature races. The scheme involved former senator Frank Artiles and was effective in costing the Democrats at least one election.

In January 2021, Duke Energy agreed to a settlement, which the company proposed, to absorb $1.1 billion worth of coal-ash pond closure and cleanup costs, in North Carolina, between 2015 and 2030. The parties involved also waived all rights to challenge the "reasonableness and prudence" of Duke Energy's coal ash management practices and costs before March 2020. Duke estimates the costs to be between $8 and $9 billion, the settlement reduces the cost on the ratepayer by 60%.

In August 2021, Indiana city officials from Bloomington, Carmel, and West Lafayette, and other lawmakers sent a letter to Duke Energy deploring its progress towards renewables and asking it to stop overcharging low-income homes for electricity.

December 2022 rolling blackouts

In December 2022, a major winter storm impacted much of the United States. On December 24, 2022, Christmas Eve, Duke Energy implemented rolling blackouts for the first time in their history, due to unprecedented energy demand. The rolling blackouts came without warning and lasted hours. In addition to facility failures, Duke reported failures related to the software that regulated the controlled blackouts. The Federal Energy Regulatory Commission initiated an investigation in response to the blackouts.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

DUK Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$125.17
Market Cap
$97.38B
P/E (TTM)
19.8
EPS (TTM)
$6.31
Revenue (TTM)
$31.74B
Div Yield
ROE
9.7%
Debt/Equity
1.7
52W Range
$114 – $134

DUK Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $31.74B
8-point trend, +33.6%
2018-12-31 2025-12-31
EPS $6.31
8-point trend, +67.8%
2018-12-31 2025-12-31
Free Cash Flow $-1.69B
8-point trend, +23.1%
2018-12-31 2025-12-31
Margins 15.7%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
DUK
Peer Median
P/E (TTM)
5-point trend, -12.5%
19.8
23.3
P/S (TTM)
5-point trend, -12.8%
3.1
3.3
P/B
5-point trend, +7.5%
1.9
1.9
EV / EBITDA
5-point trend, -17.2%
11.4
Price / FCF
5-point trend, +4.9%
-57.5

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
DUK
Peer Median
Operating Margin
5-point trend, +25.0%
27.2%
Net Profit Margin
5-point trend, -1.1%
15.7%
14.6%
ROA
5-point trend, +10.6%
2.6%
2.7%
ROE
5-point trend, +21.1%
9.7%
10.2%
ROIC
5-point trend, +23.3%
5.4%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
DUK
Peer Median
Debt / Equity
5-point trend, +27.2%
1.7
Current Ratio
5-point trend, -11.6%
0.6
0.8
Quick Ratio
5-point trend, -92.9%
0.0

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
DUK
Peer Median
Revenue YoY
5-point trend, +29.6%
5.6%
Revenue CAGR 3Y
5-point trend, +29.6%
3.4%
Revenue CAGR 5Y
5-point trend, +29.6%
6.4%
EPS YoY
5-point trend, +27.7%
10.5%
Net Income YoY
5-point trend, +27.1%
9.8%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
DUK
Peer Median
EPS (Diluted)
5-point trend, +27.7%
$6.31

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
DUK
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
May 15, 2026$1.0650
Feb. 13, 2026$1.0650
Nov. 14, 2025$1.0650
Aug. 15, 2025$1.0650
May 16, 2025$1.0450
Feb. 14, 2025$1.0450
Nov. 15, 2024$1.0450
Aug. 16, 2024$1.0450
May 16, 2024$1.0250
Feb. 15, 2024$1.0250
Nov. 16, 2023$1.0250
Aug. 17, 2023$1.0250
May 11, 2023$1.0050
Feb. 16, 2023$1.0050
Nov. 17, 2022$1.0050
Aug. 11, 2022$1.0050
May 12, 2022$0.9850
Feb. 17, 2022$0.9850
Nov. 10, 2021$0.9850
Aug. 12, 2021$0.9850

DUK Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 28 analysts
  • Strong Buy 4 14.3%
  • Buy 11 39.3%
  • Hold 12 42.9%
  • Sell 1 3.6%
  • Strong Sell 0 0.0%

12-Month Price Target

18 analysts · 2026-08-14
Median target $138.00 +10.3%
Mean target $137.72 +10.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.07%
Period EPS Actual EPS Est Surprise
June 30, 2026 $1.43 $1.32 0.11%
March 31, 2026 $1.93 $1.89 0.04%
Dec. 31, 2025 $1.50 $1.50 -0.00%
Sept. 30, 2025 $1.81 $1.77 0.04%
June 30, 2025 $1.25 $1.19 0.06%
March 31, 2025 $1.76 $1.62 0.14%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
DUK $91.19B 18.6 5.6% 15.7% 9.7%
NEE $167.22B 24.3 9.8% 26.5% 13.1%
SO
CEG $110.22B 47.7 8.3% 9.1% 16.8%
AEP 17.3 10.9% 16.9% 12.7%
ETR 23.6 9.0% 13.7% 11.1%
XEL $46.06B 21.6 9.4%
EXC $44.59B 15.3 5.3% 11.4% 9.9%
PCG $35.32B 13.6 2.1% 10.8% 8.6%
EIX $23.09B 5.2 9.8% 23.1% 26.9%
FE $25.87B 25.4 12.0% 6.8% 8.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for DUK
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 11-point trend, +41.0% $31.74B $30.05B $28.67B $28.68B $24.49B $23.25B $24.35B $23.76B · $22.74B $22.37B $22.51B
Cost of Revenue 4-point trend, +3.0% · · · · · · $6.83B $6.83B $6.35B $6.62B · ·
Operating Expenses 12-point trend, +33.8% $23.66B $22.46B $22.04B $22.78B $19.13B $18.81B $19.37B $19.75B $17.97B $17.57B $17.32B $17.68B
Operating Income 12-point trend, +78.1% $8.63B $7.93B $7.07B $6.01B $5.50B $4.57B $5.71B $4.68B $5.62B $5.20B $5.08B $4.84B
Interest Expense 12-point trend, +137.7% $3.63B $3.38B $3.01B $2.44B $2.21B $2.10B $2.20B $2.09B $1.99B $1.92B $1.53B $1.53B
Other Non-op 12-point trend, +109.1% $669M $661M $598M $392M $636M $451M $430M $399M $508M $463M $290M $320M
Pretax Income 12-point trend, +51.8% $5.71B $5.19B $4.77B $4.08B $3.99B $920M $4.10B $3.07B $4.27B $3.73B $3.91B $3.76B
Income Tax 12-point trend, -47.6% $642M $590M $438M $300M $268M $-169M $519M $448M $1.20B $1.16B $1.26B $1.23B
Net Income 12-point trend, +163.8% $4.97B $4.52B $2.84B $2.55B $3.91B $1.38B $3.75B $2.67B $3.06B $2.15B $2.82B $1.88B
EPS (Basic) 12-point trend, +137.2% $6.31 $5.71 $3.54 $3.17 $4.94 $1.72 $5.06 $3.76 $4.36 $3.11 $4.05 $2.66
EPS (Diluted) 12-point trend, +137.2% $6.31 $5.71 $3.54 $3.17 $4.94 $1.72 $5.06 $3.76 $4.36 $3.11 $4.05 $2.66
Shares (Basic) 12-point trend, +9.9% 777,000,000 772,000,000 771,000,000 770,000,000 769,000,000 737,000,000 729,000,000 708,000,000 700,000,000 691,000,000 694,000,000 707,000,000
Shares (Diluted) 12-point trend, +9.9% 777,000,000 772,000,000 771,000,000 770,000,000 769,000,000 738,000,000 729,000,000 708,000,000 700,000,000 691,000,000 694,000,000 707,000,000
EBITDA 11-point trend, +86.3% $16.33B $14.35B $13.15B $11.86B $11.04B $10.04B $10.88B $9.38B $9.83B $9.22B · $8.77B
Balance Sheet 24
Annual Balance Sheet data for DUK
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -47.1% $245M $314M $253M $409M $341M $259M $311M $442M $358M $392M $383M $463M
Receivables 12-point trend, -98.0% $16M $1.89B $3.02B $3.11B $2.44B $2.14B $1.99B $2.17B $2.00B $1.89B $515M $791M
Prepaid Expense 12-point trend, -71.4% $526M $695M $431M $973M $584M $462M $764M $1.05B $634M $458M $307M $1.84B
Current Assets 12-point trend, +0.3% $11.61B $12.95B $12.77B $13.22B $9.94B $8.68B $9.16B $9.71B $8.45B $8.04B $8.32B $11.57B
PP&E (Net) 12-point trend, +85.5% $129.96B $121.63B $115.31B $111.75B $105.54B $106.78B $102.13B $91.69B $86.39B $82.52B $73.78B $70.05B
PP&E (Gross) 12-point trend, +81.6% $190.41B $178.74B $171.35B $163.84B $154.50B $155.58B $147.65B $134.46B $127.51B $121.40B $109.97B $104.86B
Accum. Depreciation 3-point trend, +13.2% · · · · · · · · · $39.41B $36.74B $34.82B
Goodwill 12-point trend, +16.5% $19.01B $19.01B $19.30B $19.30B $19.30B $19.30B $19.30B $19.30B $19.40B $19.43B $16.07B $16.32B
Intangibles 12-point trend, +10.6% $291M $277M $282M $265M $236M $295M $249M $246M $230M $226M $242M $263M
Other Non-current Assets 12-point trend, +38.5% $4.17B $3.51B $3.96B $3.40B $3.63B $3.60B $3.29B $2.94B $2.96B $2.77B $2.83B $3.01B
Total Assets 12-point trend, +62.4% $195.74B $186.34B $176.89B $178.09B $169.59B $162.39B $158.84B $145.39B $137.91B $132.76B $121.16B $120.56B
Accounts Payable 12-point trend, +130.0% $5.22B $5.44B $4.23B $4.75B $3.53B $3.14B $3.49B $3.49B $3.04B $2.99B $2.35B $2.27B
Short-term Debt 12-point trend, +4.4% $2.62B $3.58B $4.29B $3.95B $3.30B $2.87B $3.13B $3.41B $2.16B $2.49B $3.63B $2.51B
Current Liabilities 12-point trend, +87.4% $21.05B $19.36B $17.28B $18.87B $15.93B $16.30B $14.75B $15.04B $12.48B $11.55B $11.40B $11.23B
Capital Leases 7-point trend, -27.9% $1.03B $957M $917M $876M $940M $1.34B $1.43B · · · · ·
Deferred Tax 2-point trend, -5.3% · · · · · · · · · · $12.71B $13.42B
Long-term Debt 12-point trend, +118.8% $87.21B $80.69B $75.25B $69.75B $63.84B $59.86B $58.13B $54.53B $52.28B $47.90B $38.87B $39.87B
Total Debt 11-point trend, +111.2% $89.84B $84.27B $79.54B $75.17B $67.14B $62.74B $61.26B $57.94B $54.44B $50.38B · $42.53B
Common Stock Flat — no change across 12 periods $1M $1M $1M $1M $1M $1M $1M $1M $1M $1M $1M $1M
Retained Earnings 12-point trend, +151.3% $5.06B $3.43B $2.23B $2.64B $3.27B $2.47B $4.11B $3.11B $3.01B $2.38B $2.56B $2.01B
AOCI 12-point trend, +136.5% $198M $228M $-6M $-140M $-303M $-237M $-130M $-92M $-67M $-93M $-806M $-543M
Stockholders' Equity 12-point trend, +26.8% $51.84B $50.13B $49.11B $49.32B $49.30B $47.96B $46.82B $43.82B $41.74B $41.03B $39.73B $40.88B
Liabilities + Equity 12-point trend, +62.4% $195.74B $186.34B $176.89B $178.09B $169.59B $162.39B $158.84B $145.39B $137.91B $132.76B $121.16B $120.56B
Shares Outstanding 12-point trend, +10.0% 778,000,000 776,000,000 771,000,000 770,000,000 769,000,000 769,000,000 733,000,000 727,000,000 700,000,000 700,000,000 688,000,000 707,000,000
Cash Flow 19
Annual Cash Flow data for DUK
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +119.7% $7.70B $6.42B $6.08B $5.84B $5.66B $5.49B $5.18B $4.70B $4.05B $3.88B $3.61B $3.51B
Deferred Tax 12-point trend, +4.8% $1.24B $939M $372M $314M $275M $124M $817M $1.11B $1.45B $1.18B $1.28B $1.18B
Amort. of Intangibles 4-point trend, +16.7% · · · · · · · · $7M $6M $5M $6M
Restructuring 12-point trend, -260.0% $-8M $-28M $80M $33M $36M $1M $24M $200M $17M $110M $144M $5M
Other Non-cash 11-point trend, -446.0% $-1.58B $446M $581M $-2.78B $-1.48B $1.93B $-1.53B $-1.29B $-1.92B $-415M · $-289M
Operating Cash Flow 12-point trend, +87.2% $12.33B $12.33B $9.88B $5.93B $8.29B $8.86B $8.21B $7.19B $6.62B $6.86B $6.70B $6.59B
CapEx 12-point trend, +160.5% $14.02B $12.28B $12.60B $11.37B $9.71B $9.91B $11.12B $9.39B $8.05B $7.90B $6.77B $5.38B
Investing Cash Flow 12-point trend, -166.9% $-14.34B $-13.12B $-12.47B $-11.97B $-10.94B $-10.60B $-11.96B $-10.06B $-8.44B $-11.53B $-5.28B $-5.37B
Debt Issued 12-point trend, +308.1% $11.89B $8.96B $10.03B $11.87B $9.05B $6.33B $7.09B $5.30B $6.91B $9.24B $2.96B $2.91B
Net Debt Issued 11-point trend, +5172.4% $6.24B $5.60B $5.29B $7.48B $3.76B $1.82B $3.62B $2.39B $4.59B $7.32B · $-123M
Stock Issued 10-point trend, -5.9% $16M $405M $8M $9M $5M $2.75B $384M $1.84B · $731M $17M ·
Stock Repurchased · · · · · · · · · · $1.50B ·
Net Stock Activity 9-point trend, -97.8% $16M $405M $8M $9M $5M $2.75B $384M $1.84B · $731M · ·
Dividends Paid 9-point trend, +42.3% · · · $3.18B $3.11B $2.81B $2.67B $2.47B $2.45B $2.33B $2.25B $2.23B
Financing Cash Flow 12-point trend, +387.6% $1.95B $859M $2.35B $6.13B $2.61B $1.73B $3.73B $2.96B $1.78B $4.25B $-2.60B $-678M
Net Change in Cash 12-point trend, -346.2% $-58M $64M $-246M $83M $-36M $-17M $-18M $86M $-36M $60M $-80M $-13M
Taxes Paid 12-point trend, -495.6% $-625M $-400M $1M $-6M $-3M $-585M $-651M $-266M $4M $229M $170M $158M
Free Cash Flow 11-point trend, -240.9% $-1.69B $48M $-2.73B $-5.44B $-1.43B $-1.05B $-2.91B $-2.20B $-1.42B $-1.10B · $1.20B
Levered FCF 11-point trend, -2194.8% $-4.92B $-2.95B $-5.46B $-7.70B $-3.59B $-3.82B $-4.84B $-3.99B $-2.85B $-2.43B · $235M
Profitability 7
Annual Profitability data for DUK
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 10-point trend, +23.7% 27.2% 26.4% 24.7% 21.0% 21.8% 19.4% 23.4% 19.7% · 23.5% · 22.0%
Net Margin 10-point trend, +98.9% 15.7% 15.0% 9.9% 8.9% 15.8% 5.9% 15.4% 11.2% · 9.5% · 7.9%
Pretax Margin 10-point trend, +4.2% 18.0% 17.3% 16.6% 14.2% 15.2% 3.6% 16.8% 12.9% · 16.4% · 17.3%
EBITDA Margin 10-point trend, +40.4% 51.4% 47.7% 45.9% 41.3% 44.7% 42.8% 44.7% 39.5% · 40.5% · 36.6%
ROA 11-point trend, +62.5% 2.6% 2.5% 1.6% 1.5% 2.4% 0.86% 2.5% 1.9% 2.3% 1.7% · 1.6%
ROE 11-point trend, +112.7% 9.7% 9.1% 5.8% 5.2% 8.0% 2.9% 8.3% 6.2% 7.4% 5.3% · 4.6%
ROIC 11-point trend, +43.6% 5.4% 5.2% 5.0% 4.5% 4.4% 5.3% 4.6% 3.9% 4.3% 4.0% · 3.8%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for DUK
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, -46.4% 0.6 0.7 0.7 0.7 0.6 0.5 0.6 0.6 0.7 0.7 · 1.0
Quick Ratio 11-point trend, -95.1% 0.0 0.1 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.1 · 0.3
Debt / Equity 11-point trend, +66.5% 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.3 1.3 1.2 · 1.0
LT Debt / Equity 11-point trend, +69.7% 1.5 1.5 1.5 1.4 1.2 1.2 1.2 1.2 1.2 1.1 · 0.9
Interest Coverage 11-point trend, -26.8% 2.4 2.3 2.3 2.5 2.4 2.1 2.6 2.2 2.9 2.8 · 3.2
Efficiency 2
Annual Efficiency data for DUK
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 10-point trend, -18.3% 0.2 0.2 0.2 0.2 0.1 0.1 0.2 0.2 · 0.2 · 0.2
Receivables Turnover 10-point trend, +44.6% 33.3 12.2 9.4 10.3 10.8 11.3 11.7 11.4 · 35.9 · 23.0
Per Share 6
Annual Per Share data for DUK
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, +15.3% $66.64 $64.60 $63.70 $64.05 $64.10 $62.37 $63.88 $60.27 $59.63 $58.62 · $57.81
Revenue / Share 9-point trend, +20.7% $40.85 $38.92 $37.19 $37.24 $32.12 $31.82 · $33.56 · $32.91 · $33.84
Cash Flow / Share 10-point trend, +70.3% $15.87 $15.97 $12.81 $7.70 $10.78 $12.00 · $10.15 $9.48 $9.84 · $9.32
Cash / Share 11-point trend, -89.1% $0.31 $0.40 $0.33 $0.53 $0.45 $0.34 $0.42 $0.61 $0.51 $0.56 · $2.88
Dividend / Share 11-point trend, +30.2% $4 $4 $4 $4 $4 $4 $4 $4 $3 $3 $3 ·
EPS (TTM) 12-point trend, +137.2% $6.31 $5.71 $3.54 $3.17 $4.94 $1.72 $5.06 $3.76 $4.36 $3.11 $4.05 $2.66
Growth Rates 9
Annual Growth Rates data for DUK
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +6.2% 5.6% 4.8% 0.00% 17.1% 5.3% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -52.4% 3.4% 7.1% 7.2% · · · · · · · · ·
Revenue CAGR 5Y 6.4% · · · · · · · · · · ·
EPS YoY 5-point trend, -94.4% 10.5% 61.3% 11.7% -35.8% 187.2% · · · · · · ·
EPS CAGR 3Y 3-point trend, -5.2% 25.8% 5.0% 27.2% · · · · · · · · ·
EPS CAGR 5Y 29.7% · · · · · · · · · · ·
Net Income YoY 5-point trend, -94.7% 9.8% 59.2% 11.4% -34.8% 183.8% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -8.8% 24.9% 5.0% 27.3% · · · · · · · · ·
Net Income CAGR 5Y 29.3% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for DUK
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +41.0% $31.74B $30.05B $28.67B $28.68B $24.49B $23.25B $24.35B $23.76B $22.92B $22.74B $22.37B $22.51B
Net Income TTM 12-point trend, +163.8% $4.97B $4.52B $2.84B $2.55B $3.91B $1.38B $3.75B $2.67B $3.06B $2.15B $2.82B $1.88B
Market Cap 11-point trend, +54.4% $91.19B $83.61B $74.82B $79.30B $80.67B $70.41B $66.86B $62.74B $58.88B $54.33B · $59.06B
Enterprise Value 11-point trend, +81.6% $180.78B $167.57B $154.10B $154.06B $147.46B $132.89B $127.81B $120.24B $112.96B $104.32B · $99.56B
P/E 12-point trend, -40.9% 18.6 18.9 27.4 32.5 21.2 53.2 18.0 23.0 19.3 25.0 17.6 31.4
P/S 11-point trend, +9.5% 2.9 2.8 2.6 2.8 3.3 3.0 2.7 2.6 2.6 2.4 · 2.6
P/B 11-point trend, +21.7% 1.8 1.7 1.5 1.6 1.6 1.5 1.4 1.4 1.4 1.3 · 1.4
P / Tangible Book 6-point trend, +12.9% 2.8 2.7 2.5 2.7 2.7 2.5 · · · · · ·
P / Cash Flow 11-point trend, -17.5% 7.4 6.8 7.6 13.4 9.7 8.0 8.1 8.7 8.9 8.0 · 9.0
P / FCF 11-point trend, -209.6% -53.8 1741.8 -27.4 -14.6 -56.6 -67.0 -23.0 -28.5 -41.5 -49.3 · 49.1
EV / EBITDA 11-point trend, -2.5% 11.1 11.7 11.7 13.0 13.4 13.2 11.7 12.8 11.5 11.3 · 11.4
EV / FCF 11-point trend, -228.8% -106.7 3490.9 -56.5 -28.3 -103.5 -126.4 -43.9 -54.6 -79.7 -94.6 · 82.8
EV / Revenue 11-point trend, +28.8% 5.7 5.6 5.4 5.4 6.0 5.7 5.2 5.1 4.9 4.6 · 4.4
Dividend Yield 8-point trend, +6.1% · · · 4.0% 3.9% 4.0% 4.0% 3.9% 4.2% 4.3% · 3.8%
Earnings Yield 12-point trend, +69.2% 5.4% 5.3% 3.6% 3.1% 4.7% 1.9% 5.5% 4.4% 5.2% 4.0% 5.7% 3.2%
Payout Ratio 8-point trend, +5.1% · · · 124.7% 79.7% 204.2% 71.2% 92.7% 80.1% 108.4% · 118.6%
Annual Payout 9-point trend, +42.3% · · · $3.18B $3.11B $2.81B $2.67B $2.47B $2.45B $2.33B $2.25B $2.23B

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312024-06-302024-03-312023-12-31
Revenue $31.74B$30.05B$28.67B
Operating Margin % 27.2%26.4%24.7%
Net Income $4.97B$4.52B$2.84B
Diluted EPS $6.31$5.71$3.54
Balance Sheet
2025-12-312024-12-312024-06-302024-03-312023-12-31
Debt / Equity 1.71.71.6
Current Ratio 0.60.70.7
Quick Ratio 0.00.10.2
Cash Flow
2025-12-312024-12-312024-06-302024-03-312023-12-31
Free Cash Flow $-1.69B$48M$-2.73B

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Institutional owners (13F) 2,678 filers · $41.7B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
155 (-108 vs prior Q) 127 (+29 vs prior Q) 1,078 (+13 vs prior Q) 789 (-18 vs prior Q) +79.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $6,435,030,749 50,837,658 15.44% Shares
STATE STREET CORP $5,690,225,169 44,953,588 13.65% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,577,969,672 20,366,327 6.19% Shares
GEODE CAPITAL MANAGEMENT, LLC $2,266,906,743 17,759,197 5.44% Shares
PeakShares LLC $1,198,333,000 9,467 2.88% Shares
GQG Partners LLC $823,157,324 6,503,039 1.97% Shares
WELLINGTON MANAGEMENT GROUP LLP $706,068,683 5,578,043 1.69% Shares
Capital Research Global Investors $569,537,090 4,499,424 1.37% Shares
VANGUARD FIDUCIARY TRUST CO $553,766,235 4,374,832 1.33% Shares
AMERICAN CENTURY COMPANIES INC $467,067,643 3,689,898 1.12% Shares
FMR LLC $420,974,713 3,325,760 1.01% Shares
LPL Financial LLC $324,500,053 2,563,597 0.78% Shares
ENVESTNET ASSET MANAGEMENT INC $323,998,518 2,559,645 0.78% Shares
RAYMOND JAMES FINANCIAL INC $322,730,504 2,549,617 0.77% Shares
MACKENZIE FINANCIAL CORP $318,411,990 2,515,500 0.76% Shares
Swiss National Bank $277,810,316 2,194,741 0.67% Shares
BANK OF AMERICA CORP /DE/ $271,980,138 2,148,682 0.65% Shares
National Pension Service $268,856,426 2,124,004 0.65% Shares
BlackRock, Inc. $259,465,583 2,049,815 0.62% Shares
Caisse de depot et placement du Quebec $246,731,255 1,949,212 0.59% Shares
Cullen Capital Management, LLC $244,731,344 1,933,412 0.59% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $244,515,092 1,931,704 0.59% Shares
GOLDMAN SACHS GROUP INC $241,350,925 1,906,707 0.58% Shares
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO $228,705,250 1,806,804 0.55% Shares
BARCLAYS PLC $223,028,138 1,761,954 0.54% Shares
Vanguard Global Advisers, LLC $222,651,056 1,758,975 0.53% Shares
Sumitomo Mitsui Trust Group, Inc. $222,397,769 1,756,974 0.53% Shares
Capital Wealth Planning, LLC $218,944,996 1,729,697 0.53% Shares
JONES FINANCIAL COMPANIES LLLP $211,598,673 1,647,965 0.51% Shares
VANGUARD ASSET MANAGEMENT, Ltd $210,086,978 1,659,717 0.50% Shares
DIMENSIONAL FUND ADVISORS LP $200,593,455 1,584,716 0.48% Shares
California Public Employees Retirement System $195,703,692 1,546,087 0.47% Shares
Legal & General Group Plc $191,425,541 1,512,289 0.46% Shares
JANE STREET GROUP, LLC $190,388,978 1,504,100 0.46% Call option
CITADEL ADVISORS LLC $184,778,573 1,459,777 0.44% Shares
Ensign Peak Advisors, Inc $180,830,542 1,428,587 0.43% Shares
Empower Advisory Group, LLC $178,065,551 1,406,743 0.43% Shares
Sarasin & Partners LLP $162,429,102 1,283,213 0.39% Shares
RHUMBLINE ADVISERS $162,391,637 1,282,896 0.39% Shares
VANGUARD GROUP INC $157,679,214 1,345,271 0.38% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $156,991,731 1,240,257 0.38% Shares
BNP PARIBAS FINANCIAL MARKETS $152,127,515 1,201,829 0.36% Shares
FEDERATED HERMES, INC. $149,384,906 1,180,162 0.36% Shares
UBS Group AG $147,717,468 1,166,989 0.35% Shares
Focus Partners Wealth $146,173,598 1,154,784 0.35% Shares
PRUDENTIAL FINANCIAL INC $146,025,853 1,153,625 0.35% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $140,124,060 1,107,000 0.34% Put option
BANK OF MONTREAL /CAN/ $139,348,125 1,100,870 0.33% Shares
Assenagon Asset Management S.A. $133,785,187 1,056,922 0.32% Shares
Mariner, LLC $131,799,683 1,041,146 0.32% Shares
Energy Income Partners, LLC $120,006,068 948,065 0.29% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $118,067,943 901,695 0.28% Shares
ALLIANCEBERNSTEIN L.P. $113,271,742 865,066 0.27% Shares
Quantinno Capital Management LP $109,974,777 868,816 0.26% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $106,960,100 845,000 0.26% Call option
MANUFACTURERS LIFE INSURANCE COMPANY, THE $103,898,510 820,813 0.25% Shares
ANTIPODES PARTNERS Ltd $103,026,753 813,926 0.25% Shares
VICTORY CAPITAL MANAGEMENT INC $102,465,285 809,490 0.25% Shares
CINCINNATI INSURANCE CO $100,607,809 794,816 0.24% Shares
GREAT LAKES ADVISORS, LLC $100,532,358 794,220 0.24% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $99,663,000 787,354 0.24% Shares
Nuveen, LLC $98,861,891 781,023 0.24% Shares
Vanguard Investments Australia, Ltd. $98,375,318 777,179 0.24% Shares
Clark Capital Management Group, Inc. $95,200,956 752,101 0.23% Shares
Qube Research & Technologies Ltd $94,191,849 744,129 0.23% Shares
RENAISSANCE TECHNOLOGIES LLC $93,612,239 739,550 0.22% Shares
CITADEL ADVISORS LLC $93,378,066 737,700 0.22% Call option
CANADA PENSION PLAN INVESTMENT BOARD $93,225,157 736,492 0.22% Shares
FIFTH THIRD BANCORP $92,631,251 731,800 0.22% Shares
HighTower Advisors, LLC $90,892,684 718,065 0.22% Shares
NEW YORK STATE COMMON RETIREMENT FUND $90,754,822 716,976 0.22% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $89,019,537 703,267 0.21% Shares
Cetera Investment Advisers $88,742,219 701,076 0.21% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $83,354,069 658,509 0.20% Shares
Maple-Brown Abbott Ltd $80,492,388 659,883 0.19% Shares
APG Asset Management N.V. $78,594,632 709,885 0.19% Shares
Advisors Capital Management, LLC $77,859,895 615,104 0.19% Shares
Mitsubishi UFJ Trust & Banking Corp $75,226,874 594,303 0.18% Shares
Baird Financial Group, Inc. $75,067,799 593,046 0.18% Shares
BARTLETT & CO. WEALTH MANAGEMENT LLC $73,484,216 580,535 0.18% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $72,445,878 564,528 0.17% Shares
Korea Investment CORP $72,083,513 569,470 0.17% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $71,219,510 665,748 0.17% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $71,105,049 561,740 0.17% Shares
Squarepoint Ops LLC $70,083,928 553,673 0.17% Shares
MILFORD FUNDS LTD $69,883,932 552,093 0.17% Shares
Nuveen Asset Management, LLC $69,328,643 643,481 0.17% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $68,366,997 540,109 0.16% Shares
MACQUARIE GROUP LTD $68,181,684 538,645 0.16% Shares
NORDEA INVESTMENT MANAGEMENT AB $67,799,067 531,966 0.16% Shares
COMMONWEALTH EQUITY SERVICES, LLC $66,088,647 522,110 0.16% Shares
Bank Julius Baer & Co. Ltd, Zurich $65,540,740 516,212 0.16% Shares
OSAIC HOLDINGS, INC. $64,078,820 505,630 0.15% Shares
CAPTRUST FINANCIAL ADVISORS $63,454,007 501,296 0.15% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $62,224,390 475,213 0.15% Shares
Gotham Asset Management, LLC $60,674,984 479,341 0.15% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $60,234,805 513,905 0.14% Shares
UBS Group AG $59,935,630 473,500 0.14% Put option
MML INVESTORS SERVICES, LLC $59,267,474 468,221 0.14% Shares
CIBC Asset Management Inc $57,758,979 456,324 0.14% Shares

Company insiders 80 insiders · 7 officers · 8 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
David L Hauser Grp Exec & CFO April 4, 2009 M 199,876 0 0 $0
James L Turner Grp Exec, Pres & COO US FEG May 6, 2010 M 159,268 0 0 $0
Jeffrey J Lyash Executive VP, Energy Supply Nov. 20, 2012 G 12,687 0 0 $0
Stephen G De May SVP Investor Rels & Treasurer June 8, 2012 M 31,207 0 0 $0
Christopher C Rolfe Grp Exec & Chief Admin Officer April 1, 2009 M 89,487 0 0 $0
Henry B Barron JR Grp Exec;Chief Nuclear Officer Feb. 12, 2008 M 45,773 0 0 $0
Thomas C Oconnor GrpExec&Pres, Commercial Bus Nov. 7, 2007 M 52,092 0 0 $0
Theodore F Craver JR Director May 18, 2026 G 19,193 0 0 $0
Caroline Dorsa Director May 7, 2026 A 12,723 0 0 $0
James E. Reinsch Director May 1, 2014 A 10,000 0 0 $0
James E Rogers Director Dec. 31, 2013 F 872,129 0 0 $0
Philip R Sharp Director May 2, 2013 A 12,716 0 0 $0
William Barnet III Director May 2, 2013 A 16,611 0 0 $0
Dudley S Taft Director Nov. 30, 2009 M 97,106 0 0 $0
Mary L Schapiro Director Jan. 15, 2009 M 34,823 0 0 $0
Duke Energy CORP 10% owner Dec. 18, 2006 J 0 0 0 $0
Robert M Davis May 7, 2026 A 14,262 0 0 $0
Webster Roy Dunbar May 7, 2026 A 1,591 0 0 $0
Thomas E Skains May 7, 2026 A 1,992 0 0 $0
Annette K Clayton May 7, 2026 A 595 0 0 $0
Jeffrey B. Guldner Sept. 15, 2025 A 0 0 $0
Louis E. Renjel Aug. 7, 2025 S 21,132 0 0 $0
Marie E Mckee Aug. 7, 2025 S 1 0 0 $0
Idalene Fay Kesner July 2, 2025 A 747 0 0 $0
Michael J. Pacilio May 1, 2025 A 1,591 0 0 $0
Derrick Burks May 1, 2025 A 0 0 $0
William E. Webster Jr. May 1, 2025 A 1,061 0 0 $0
John T Herron May 1, 2025 A 33,815 0 0 $0
Nicholas C Fanandakis May 1, 2025 A 3,140 0 0 $0
Robert Alexander Glenn April 30, 2025 A 19,567 0 0 $0
Kodwo Ghartey-Tagoe April 30, 2025 A 46,075 0 0 $0
Alexander J. Weintraub April 1, 2025 F 8,260 0 0 $0
Scott L. Batson April 1, 2025 F 26,427 0 0 $0
Bonnie T. Titone April 1, 2025 F 21,608 0 0 $0
Harry K. Sideris April 1, 2025 F 79,421 0 0 $0
Thomas Preston Gillespie Jr. Feb. 26, 2025 A 53,122 0 0 $0
Cynthia S. Lee Feb. 26, 2025 A 7,318 0 0 $0
Brian D Savoy Feb. 26, 2025 A 56,252 0 0 $0
Lynn J Good Feb. 26, 2025 A 496,662 0 0 $0
Julia S Janson Feb. 26, 2025 S 69,768 0 0 $0
Steven K Young Feb. 24, 2024 F 151,720 0 0 $0
Ronald R Reising Feb. 24, 2024 F 12,216 0 0 $0
Dhiaa M. Jamil June 30, 2023 D 69,007 0 0 $0
Melody Birmingham May 5, 2022 F 8,733 0 0 $0
Michael G Browning April 4, 2022 A 24,539 0 0 $0
Dwight L. Jacobs Feb. 28, 2021 F 4,858 0 0 $0
Douglas F Esamann Feb. 28, 2021 F 93,218 0 0 $0
Marya M Rose May 7, 2020 A 304 0 0 $0
William E Kennard May 7, 2020 A 0 0 $0
Daniel R Dimicco May 7, 2020 A 10,459 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 205 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
FUTY · FIDELITY COVINGTON TRUST 6.29% 1,191,483 NS April 30, 2026 N-PORT
VPU · VANGUARD WORLD FUND 6.27% 5,327,631 SH Aug. 8, 2026 Daily
IDU · iShares Trust 6.07% 664,612 SH Aug. 8, 2026 Daily
UPW · ProShares Trust 5.15% 8,086 NS May 31, 2026 N-PORT
JXI · iShares Trust 4.35% 107,342 SH Aug. 8, 2026 Daily
UTSL · Direxion Shares ETF Trust 4.30% 14,432 NS April 30, 2026 N-PORT
POWR · iShares, Inc. 3.74% 137,491 SH Aug. 8, 2026 Daily
ZAP · Global X Funds 3.60% 126,749 NS April 30, 2026 N-PORT
FLV · AMERICAN CENTURY ETF TRUST 3.51% 100,736 NS May 31, 2026 N-PORT
PUI · Invesco Exchange-Traded Fund Trust 3.41% 14,911 SH Aug. 8, 2026 Daily
FPWR · First Trust Exchange-Traded Fund IV 3.38% 7,000 NS April 30, 2026 N-PORT
FXU · First Trust Exchange-Traded AlphaDE… 3.29% 227,704 NS April 30, 2026 N-PORT
RSPU · Invesco Exchange-Traded Fund Trust 3.24% 138,306 SH Aug. 8, 2026 Daily
IFRA · iShares Trust 2.71% 1,001,667 SH Aug. 8, 2026 Daily
IGF · iShares Trust 2.62% 2,261,135 SH Aug. 8, 2026 Daily
NUKZ · EXCHANGE TRADED CONCEPTS TRUST 2.54% 184,249 NS May 31, 2026 N-PORT
SIXH · EXCHANGE TRADED CONCEPTS TRUST 2.48% 109,625 NS May 31, 2026 N-PORT
SIXA · EXCHANGE TRADED CONCEPTS TRUST 2.48% 98,228 NS May 31, 2026 N-PORT
EIPI · First Trust Exchange-Traded Fund VI… 2.44% 208,862 NS May 31, 2026 N-PORT
QUVU · Hartford Funds Exchange-Traded Trust 2.34% 31,202 NS April 30, 2026 N-PORT
ESN · Northern Lights Fund Trust II 2.34% 53,063 NS May 31, 2026 N-PORT
ESLV · Strategy Shares 2.14% 1,938 NS April 30, 2026 N-PORT
MFSV · MFS Active Exchange Traded Funds Tr… 2.13% 82,355 NS May 31, 2026 N-PORT
PAYR · Federated Hermes ETF Trust 1.98% 5,593 NS April 30, 2026 N-PORT
EMLP · First Trust Exchange-Traded Fund IV 1.93% 605,492 NS April 30, 2026 N-PORT
IIGD · Invesco Exchange-Traded Self-Indexe… 1.84% 510,000 Aug. 8, 2026 Daily
ELCV · Strategy Shares 1.82% 31,025 NS April 30, 2026 N-PORT
HDV · iShares Trust 1.51% 1,798,472 SH Aug. 8, 2026 Daily
SPHD · Invesco Exchange-Traded Fund Trust … 1.46% 399,697 SH Aug. 8, 2026 Daily
USMV · iShares Trust 1.41% 2,758,685 SH Aug. 8, 2026 Daily
PGX · Invesco Exchange-Traded Fund Trust … 1.38% 2,176,953 Aug. 8, 2026 Daily
NFRA · FlexShares Trust 1.33% 313,664 NS April 30, 2026 N-PORT
ALTL · Pacer Funds Trust 1.30% 9,679 NS April 30, 2026 N-PORT
EIPX · First Trust Exchange-Traded Fund IV 1.28% 52,459 NS April 30, 2026 N-PORT
VCLT · VANGUARD SCOTTSDALE FUNDS 1.26% 151,186,000 PA Aug. 8, 2026 Daily
SPLV · Invesco Exchange-Traded Fund Trust … 1.21% 694,074 SH Aug. 8, 2026 Daily
FDVV · FIDELITY COVINGTON TRUST 1.20% 847,074 NS April 30, 2026 N-PORT
HUSV · First Trust Exchange-Traded Fund III 1.19% 6,663 NS April 30, 2026 N-PORT
ACWV · iShares, Inc. 1.17% 317,724 SH Aug. 8, 2026 Daily
ESUM · Strategy Shares 1.15% 13,741 NS April 30, 2026 N-PORT
DYNF · BlackRock ETF Trust 1.15% 3,715,224 SH Aug. 8, 2026 Daily
VFMV · VANGUARD WELLINGTON FUND 1.11% 36,845 SH Aug. 8, 2026 Daily
FDV · Federated Hermes ETF Trust 1.09% 62,866 NS April 30, 2026 N-PORT
FLCV · Federated Hermes ETF Trust 1.06% 8,310 NS May 31, 2026 N-PORT
BSCQ · Invesco Exchange-Traded Self-Indexe… 1.06% 37,259,000 Aug. 8, 2026 Daily
RFFC · ALPS ETF Trust 0.99% 2,387 NS May 31, 2026 N-PORT
EQWL · Invesco Exchange-Traded Fund Trust 0.94% 209,462 SH Aug. 8, 2026 Daily
RFDA · ALPS ETF Trust 0.92% 6,562 NS May 31, 2026 N-PORT
QLV · FlexShares Trust 0.91% 11,921 NS April 30, 2026 N-PORT
SPVM · Invesco Exchange-Traded Fund Trust 0.80% 8,353 SH Aug. 8, 2026 Daily