5 Best Utility Stocks to Buy Now

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In this article we discuss the 5 best utility stocks to buy now. If you want to read our detailed investment thesis for the utility industry along with reading about some of the hottest utility stocks, click and read 12 Best Utility Stocks to Buy Now.
5. Duke Energy Corp (NYSE: DUK)

North Carolina-based Duke Energy owns about 58,200 megawatts of power generation capacity and distributes power to about 7.2 million customers.  The company mainly sources power from coal, natural gas and oil, but it also has nuclear power plants.  The company’s subsidiary Duke Energy Florida (DEF) recently announced plans to invest in electric vehicles, solar technology and renewable energy projects. The plan includes base rate increases of about $5 billion over the next three years.

A total of 36 hedge funds tracked by Insider Monkey held stakes in Duke Energy entering the fourth quarter of 2020. John Overdeck and David Siegel’s  Two Sigma Advisors owns 1.98 million shares of the company, worth $175.51 million.

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