North Carolina-based Duke Energy owns about 58,200 megawatts of power generation capacity and distributes power to about 7.2 million customers. The company mainly sources power from coal, natural gas and oil, but it also has nuclear power plants. The company’s subsidiary Duke Energy Florida (DEF) recently announced plans to invest in electric vehicles, solar technology and renewable energy projects. The plan includes base rate increases of about $5 billion over the next three years.
A total of 36 hedge funds tracked by Insider Monkey held stakes in Duke Energy entering the fourth quarter of 2020. John Overdeck and David Siegel’s Two Sigma Advisors owns 1.98 million shares of the company, worth $175.51 million.