5 Best Utility Dividend Stocks To Buy

4. Duke Energy Corporation (NYSE:DUK)

Number of Hedge Fund Holders: 39

Duke Energy Corporation (NYSE:DUK) is an American utility company that is primarily involved in the generation, transmission, distribution, and sale of electricity. The company has a 97-year run of paying regular dividends to shareholders and it has been growing its dividends for the past 12 years. It offers a quarterly dividend of $1.025 per share and has a dividend yield of 4.28%, as of January 26.

The number of hedge funds tracked by Insider Monkey owning stakes in Duke Energy Corporation (NYSE:DUK) stood at 39 in Q3 2023, which remained unchanged from the previous quarter. The total value of these stakes is more than $428.5 million.

Follow Duke Energy Corp (NYSE:DUK)