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MarketScreener Homepage  >  Equities  >  Nyse  >  Duke Energy Corp    DUK

DUKE ENERGY CORP

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Duke Energy : Says Hurricane Dorian Could Cause 700,000 Power Outages in the Carolinas

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09/04/2019 | 04:48pm EDT

By Stephen Nakrosis

Duke Energy Corp. (DUK) on Wednesday said Hurricane Dorian could be responsible for more than 700,000 power outages in the eastern regions of the Carolinas.

Duke warned outages are likely to occur Thursday and Friday, with some possibly lasting several days. Areas most at risk include North Carolina's Triangle area, the Pee Dee region in South Carolina and the coastal areas of both states.

Some of the outages could last for several days, the company said.

Duke said more than 4,000 repair workers would be coming to the area from across the U.S. and Canada to augment the 5,000 lineworkers and tree personnel already based in the Carolinas.

"Hurricane Dorian is a historic storm headed straight up the Carolina coastline," said Duke Energy meteorology director Nick Keener. "This slow-moving, powerful storm will bring hurricane- and tropical-storm-force winds, and rain, over a large area of our coastal, Pee Dee and Triangle regions."

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
DUKE ENERGY CORP 0.83% 95.27 Delayed Quote.9.49%
WTI -0.58% 58.45 Delayed Quote.36.21%
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Financials (USD)
Sales 2019 25 388 M
EBIT 2019 5 892 M
Net income 2019 3 582 M
Debt 2019 62 763 M
Yield 2019 3,96%
P/E ratio 2019 19,1x
P/E ratio 2020 18,3x
EV / Sales2019 5,21x
EV / Sales2020 5,22x
Capitalization 69 414 M
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Technical analysis trends DUKE ENERGY CORP
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Mean consensus HOLD
Number of Analysts 20
Average target price 94,44  $
Last Close Price 95,27  $
Spread / Highest target 10,2%
Spread / Average Target -0,87%
Spread / Lowest Target -11,3%
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Managers
NameTitle
Lynn J. Good Chairman, President & Chief Executive Officer
Dhiaa M. Jamil Chief Operating Officer & Executive Vice President
Steven K. Young Chief Financial Officer & Executive Vice President
Christopher B. Heck Chief Information Officer & Vice President
Michael G. Browning Lead Independent Director
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