5 Biggest Utility Companies in the US

2. Duke Energy Corporation (NYSE:DUK)

Market Capitalization as of December 23, 2022: $79 billion

Duke Energy Corporation (NYSE:DUK) is capable of generating close to 55,000 megawatts of electricity through multiple mediums. It is headquartered in Charlotte, North Carolina.

Duke Energy Corporation (NYSE:DUK) is planning to add 100 megawatts to its renewable energy portfolio by buying a solar power plant in Mississippi. This plant is located close to a Toyota manufacturing facility and is expected to help the carmaker reduce its emissions as well.

Insider Monkey scanned 920 hedge fund portfolios for this year’s third quarter to determine that 33 had bought Duke Energy Corporation (NYSE:DUK)’s shares.

Out of these, Jim Simons’ Renaissance Technologies is Duke Energy Corporation (NYSE:DUK)’s largest investor. It owns 790,812 shares that are worth $73 million.

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