Power Forward with The Duke of Energy: Duke Energy Corp (DUK), American Electric Power Company, Inc. (AEP)

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.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click Here to Read Comments
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!