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DUKE ENERGY CORPORATION

(DUK)
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GIC Acquires Minority Interest in Duke Energy Indiana

09/08/2021 | 11:44am EDT

By Stephen Nakrosis

GIC Private Ltd., manager of Singapore's foreign reserves, acquired an about 11% minority interest in Duke Energy Corp.'s Indiana subsidiary, the companies said Wednesday.

GIC paid about $1.03 billion for the stake, the first phase of a two-phase closing, the companies said, adding that GIC will ultimately acquire a 19.9% stake for $2.05 billion.

Ang Eng Seng, GIC's chief investment officer of infrastructure, said the company is "committed to actively engaging with Duke Energy's management team to support their clean energy transition goals and build long-term sustainable value."

Duke Energy said it will remain as majority owner and sole operator of Duke Energy Indiana.

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

(END) Dow Jones Newswires

09-08-21 1143ET

Stocks mentioned in the article
ChangeLast1st jan.
DUKE ENERGY CORPORATION 0.44% 103.29 Delayed Quote.12.32%
WTI -0.75% 83.635 Delayed Quote.70.78%
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Analyst Recommendations on DUKE ENERGY CORPORATION
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Financials (USD)
Sales 2021 25 660 M - -
Net income 2021 3 948 M - -
Net Debt 2021 65 598 M - -
P/E ratio 2021 20,1x
Yield 2021 3,83%
Capitalization 79 465 M 79 465 M -
EV / Sales 2021 5,65x
EV / Sales 2022 5,61x
Nbr of Employees 27 535
Free-Float 95,0%
Chart DUKE ENERGY CORPORATION
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Duke Energy Corporation Technical Analysis Chart | DUK | US26441C2044 | MarketScreener
Technical analysis trends DUKE ENERGY CORPORATION
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 103,29 $
Average target price 106,13 $
Spread / Average Target 2,74%
EPS Revisions
Managers and Directors
Lynn J. Good Chairman, President & Chief Executive Officer
Steven K. Young Chief Financial Officer & Executive Vice President
Bonnie Titone Chief Information Officer
Dhiaa M. Jamil Chief Operating Officer & Executive Vice President
Melissa Feldmeier Chief Ethics & Compliance Officer, Vice President
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