11 Best Regulated Electric Stocks to Buy Now

7. Duke Energy Corp. (NYSE:DUK)

Duke Energy Corp. (NYSE:DUK) is one of the 11 best regulated electric stocks to buy now.

On May 12, Duke Energy Corp. (NYSE:DUK) applied for loans from the U.S. Department of Energy (DOE) that could result in billions of dollars in savings for customers as the firm builds capacity, fortifies the electricity grid, and consistently covers some of the nation’s fastest-growing states.

The company is submitting applications for DOE loans to finance proposed investments to consistently meet increasing energy demand at minimal expense to customers. DOE financing would lower interest costs for these crucial investments and directly benefit customers. This is the beginning of a process to determine the final loan amount and terms. With reduced financing costs, DOE financing is anticipated to save customers money.

Back on May 11, Evercore ISI increased its target price for Duke Energy Corp. (NYSE:DUK) from $139 to $140, resulting in an adjusted upside potential of around 13% from the current level. The firm also reiterated an In-Line rating on the stock.

Duke Energy Corp. (NYSE:DUK) sells electricity produced from oil, renewables, nuclear, coal, hydroelectric, and natural gas sources across the Southeast and Midwest. It also offers wholesale power solutions to municipalities and utilities. The company serves customers across industrial, residential, and commercial sectors and is investing in pipelines and storage facilities.