10 Best Renewable Energy Dividend Stocks to Buy Now

7. Duke Energy Corporation (NYSE:DUK)

Dividend Yield as of November 14: 3.47%

Duke Energy Corporation (NYSE:DUK) engages in the distribution of natural gas and energy-related services. The company owns and operates a diverse mix of regulated power plants – including hydro, coal, nuclear, natural gas, solar, and battery storage.

On November 10, BMO Capital analyst James Thalacker lowered the firm’s price target on Duke Energy Corporation (NYSE:DUK) from $138 to $136, but maintained an ‘Outperform’ rating on the company’s shares following its recent Q3 results. According to the analyst, the utility’s management is expecting to announce a refreshed 5-year capital plan in the range of $95 billion and $105 billion with Q4 results. The investment plan will drive earnings base growth of more than 8.5% through 2030, with incremental equity funding 30% to 50% of higher CapEx.

Duke Energy Corporation (NYSE:DUK) reported strong results for its third quarter on November 7, with the company topping revenue and profit estimates on the back of a strong power demand and higher electricity rates.

Duke Energy Corporation (NYSE:DUK) boasts an attractive annual dividend yield of 3.47% as of the writing of this piece, putting it among the 12 Best Utility Stocks to Buy for Dividends.