Duke Energy is trading about 4% below its 52 week high reached on July 2. Since the beginning of 2013, the stock has been on a tear. Waiting for this one to pullback a point or two would be smart, but anywhere below $70 is still cheap. Duke Energy has the potential to trade above $80 in 2013 based on 18.5 times earnings. I am initiating an outperform on Duke on CAPS. Duke Energy, Southern Company, American Electric, and PG&E are all screaming BUYS, but Duke Energy is my favorite in the space.
The article Power Forward with The Duke of Energy originally appeared on Fool.com and is written by Joseph Solitro.
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