The Electric Utilities and Infrastructure segment generates, transmits, distributes and sells electricity generated from coal, hydroelectric, natural gas, oil, renewable generation and nuclear fuel. It also engages in the wholesale of electricity to municipalities, electric cooperative utilities and load-serving entities. This segment serves approximately 8.2 million customers in six states in the Southeast and Midwest regions of the United States, covering a service territory of approximately 91,000 square miles, and it owns approximately 50,259 megawatts (MW) of generation capacity.
The Gas Utilities and Infrastructure segment distributes natural gas to residential, commercial, industrial and power generation natural gas customers, and it owns, operates and invests in pipeline transmission and natural gas storage facilities. It has approximately 1.6 million customers, including 1.1 million customers in North Carolina, South Carolina and Tennessee, as well as 550,000 customers in southwestern Ohio and northern Kentucky.
The Commercial Renewables segment acquires, owns, develops, builds and operates wind and solar renewable generation projects, including nonegulated renewable energy and energy storage services to utilities, electric cooperatives, municipalities and corporate customers. It has 23 wind, 178 solar and two battery storage facilities, as well as 71 fuel cell locations, with a capacity of 3,554 MW across 22 states.
Investors receive a 4.03% dividend. KeyCorp has set a $121 target price. The consensus target on Duke Energy stock is $116.33, and shares closed on Tuesday at $99.21.
Exelon
This top utility stock also makes good sense now for conservative accounts. Exelon Corp. (NYSE: EXC) engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass and solar generating facilities.
The company also sells electricity to wholesale and retail customers, and it sells natural gas, renewable energy and other energyelated products and services. Furthermore, it is involved in the purchase and regulated retail sale of electricity and natural gas, as well as the transmission and distribution of electricity and distribution of natural gas to retail customers.
The company also offers support services, including legal, human resources, information technology, financial, supply management, accounting, engineering, customer operations, distribution and transmission planning, asset management, system operations and power procurement services. It serves distribution utilities, municipalities, cooperatives and financial institutions, as well as commercial, industrial, governmental and residential customers.
Exelon stock comes with a 3.30% dividend. The target price at J.P. Morgan is $55. The consensus target is $49.65, and shares closed at $41.60 on Tuesday.
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