Goldman Sachs Removes Duke Energy (DUK) from its US Conviction List

With an annual dividend yield of 3.29%, Duke Energy Corporation (NYSE:DUK) is included among the 14 Best Blue Chip Dividend Stocks to Buy According to Hedge Funds.

Goldman Sachs Removes Duke Energy (DUK) from its US Conviction List

Pixabay/Public Domain

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, nuclear, solar, battery storage, etc.

On July 1, Goldman Sachs analysts removed Duke Energy Corporation (NYSE:DUK) from its US Conviction List as part of its monthly update. That said, the analyst firm reiterated its ‘Buy’ rating on the stock.

On the other hand, earlier on June 24, the analyst over at Morgan Stanley turned slightly more positive on Duke Energy Corporation (NYSE:DUK) and bumped up their price recommendation on the stock by $4, while reaffirming an ‘Equal Weight’ rating on the shares (read more details here).

After a better-than-expected first quarter, Duke Energy Corporation (NYSE:DUK) revealed that it remains on track to achieve its FY 2026 EPS guidance range of $6.55 to $6.80. Moreover, the utility reaffirmed its target of 5% to 7% long-term EPS growth rate through 2030.

Duke has signed electric service agreements for 7.6 ​GW worth of new data center demand since 2024, including 2.7 GW of ESAs only in Q1 of 2026. The company also revealed that it was in advanced discussions for ​an additional 15.4 GW of data centers.

While we acknowledge the risk and potential of DUK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DUK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Energy Stocks with Highest Dividends and 12 Best NYSE Stocks to Buy for Dividends

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1