5 Best Electric Utility Stocks To Invest In

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In this article, we discuss 5 best electric utility stocks to invest in. If you want to see more stocks in this selection, check out 10 Best Electric Utility Stocks To Invest In

5. Duke Energy Corporation (NYSE:DUK)

Number of Hedge Fund Holders: 30

Duke Energy Corporation (NYSE:DUK) is a North Carolina-based energy company that operates through three segments – Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest. Duke Energy Corporation (NYSE:DUK) is one of the best utility stocks to invest in. 

On October 24, investment advisory Guggenheim maintained a Buy recommendation on Duke Energy Corporation (NYSE:DUK) but lowered the firm’s price target on the shares to $97 from $119. Analyst Shahriar Pourreza issued the ratings update. 

According to Insider Monkey’s data, Duke Energy Corporation (NYSE:DUK) was part of 30 hedge fund portfolios at the end of Q2 2022, compared to 32 funds in the last quarter. Jim Simons’ Renaissance Technologies is a prominent position holder in the company, with 1.08 million shares worth $116.20 million. 

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