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Utilities Fall Less Than the Broad Market as Investors Seek Safety

Power producers’ shares declined as traders moved back toward safe-haven assets, but the sector’s losses were smaller than those of the broader market. Duke Energy gained after raising the lower end of its annual adjusted earnings forecast, while Sempra fell despite lifting its outlook.

By Money Talk·November 6, 2026·2 min read·570 reads

Utilities Fall Less Than the Broad Market as Investors Seek Safety

Duke Energy reported higher net income for the third quarter and said demand for electricity and natural gas was strong among residential and commercial customers in the Southeast and Midwest. The company raised the lower end of its adjusted earnings projection for the year.

Sempra also reported a year-over-year increase in third-quarter net income and lifted its earnings projection. The California utility expects AI-driven growth in demand from large electricity users to continue, but its shares fell.

Utilities Fall Less Than the Broad Market as Investors Seek Safety

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