$20.85
−0.71%Research · Apr 10, 2026
DUK Sells Indiana Gas Unit for $2.15B — What It Means for Duke's Strategy
Piedmont Natural Gas closed its $2.48B sale of Tennessee operations to Spire on March 31, 2026, delivering cash to Duke Energy for strategic reinvestment. The move streamlines the portfolio toward high-growth electric assets amid utility consolidation. Investors benefit from deleveraging and sustained dividends, supporting a bullish outlook.