10 Best Regulated Electric Stocks to Buy According to Hedge Funds

7. Duke Energy Corp. (NYSE:DUK)

Duke Energy Corp. (NYSE:DUK) is one of the 10 best regulated electric stocks to buy according to hedge funds.

On March 9, Duke Energy Corp. (NYSE:DUK) revealed its plans to issue an aggregate principal amount of convertible senior notes due 2029 worth $1 billion. The issue will be conducted through a private placement under the Securities Act of 1933, as amended.

According to the company, the net proceeds of the offering would be used to repay the aggregate notional amount of $1.725 billion on its 4.125% Convertible Senior Notes outstanding, along with any cash to be paid upon conversion. These notes are due April 15, 2026.

On February 20, Morgan Stanley increased the firm’s price target on Duke Energy Corp. (NYSE:DUK) to $139 from $130, while maintaining an Equal Weight rating on the shares. Morgan Stanley said the update comes as it revises price targets across regulated and diversified utilities as well as independent power producers in North America.

The firm noted that utility stocks have underperformed the broader market this month, particularly relative to the S&P 500. Looking ahead to fourth quarter earnings, it expects discussions around data center power demand to remain active, though affordability and political considerations may bring a more balanced tone to the outlook.

Duke Energy Corp. (NYSE:DUK) operates as a diversified energy leader through two primary segments: Electric and Gas Utilities. The company maintains a robust generation portfolio, including nuclear, renewables, and natural gas, to serve residential and industrial sectors. Beyond retail distribution, it manages significant infrastructure through pipeline investments and wholesale electricity sales.