More on Duke Energy (DUK +2.1%) Q3. Net profit +26% to $594M, boosted by acquisition of...


More on Duke Energy (DUK +2.1%) Q3. Net profit +26% to $594M, boosted by acquisition of Progress. Books costs of $457M on the deal, and $180M charge for expense increases at the still-unopened coal-gasification plant at Edwardsport in Indiana. On track to meet 2012 adjusted EPS target of $4.20-$4.35 vs consensus of $4.27. (PR)

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Comments (3)
  • OllieNY
    , contributor
    Comments (4) | Send Message
     
    Small time investor, retiring teacher in for the long haul. I've been buying Progress Energy. DIP for 8 years, now Duke. Do you think I am on track to have something to leave for my kids or should there come a point when I sell?
    8 Nov 2012, 08:46 AM Reply Like
  • Highyieldsoldier
    , contributor
    Comments (181) | Send Message
     
    I have a friend who's father left her a bunch of PGN stock, and it keeps paying her around 5k a year in dividends--of course now its DUK stock--I advised her to diversify, but she wont because it was her fathers, which I completely understand, and I also advised her to reinvest her dividends, which she wont bc she needs the money...moral of the story is PGN/DUK is worth holding onto long term, imo. If you are worried about having too much in one company, I would just stop buying DUK and look for another company to put any fresh money into. I think for the next few years, Utilities should be a good, safe bet.
    8 Nov 2012, 03:39 PM Reply Like
  • spinrbait
    , contributor
    Comments (678) | Send Message
     
    ollie, i live in the original duke service area. (upstate, s.c.). they have a reputation as a great company. as an investor i have always owned duke, even being in their drip program at one time. i also owned pgn for a long time. duke was a better run company than pgn. jim rogers should have been named ceo, and it was a real disappointment for me when the pgn ceo was chosen to run the merged company. although i think jim rogers will eventually leave in a compromise, i plan on owning duke forever. one thing i have reservations about, even before the merger, duk had announced they were going to have smaller increases in their dividends each year. at the time, their dividend was around .96 a share. duk had been raising their dividend by .04 cents a year. the last year before the merger, duk raised it only .02 cents. for a long term holder of the stock, .20 cents a share increase, over .40 increase over a 10 year period is a pretty big deal. (remember this was before the merger and reverse split.) that being said, i just got burned on excelon stock. i couldn't see duk ever being like them.but thats just my opinion. i am no expert or anything.
    8 Nov 2012, 09:25 AM Reply Like
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