Mizuho Says Duke Energy (DUK) Can Execute Despite Near-Term Regulatory Challenges

Duke Energy Corporation (NYSE:DUK) is included among the Top 10 Blue Chip Stocks with Growing Dividends.

On June 18, Mizuho lowered its price recommendation on Duke Energy Corporation to $135 from $139. It reiterated an Outperform rating on the stock. In a research note, analyst Anthony Crowdell said the firm remains confident in Duke Energy’s ability to execute despite near-term regulatory “noise.” Mizuho is also keeping a close watch on North Carolina SB 730, a bill that would prevent coal plant retirements until a 1,000-megawatt nuclear certificate of public convenience and necessity is issued.

On the same day, Barclays analyst Nicholas Campanella lowered the firm’s price goal on Duke Energy to $134 from $143 and kept an Overweight rating following meetings with management. According to the analyst, Duke Energy’s 15-gigawatt data center pipeline is “vetted and executable.” The company is targeting 6 to 7 gigawatts of signed agreements this year, Campanella noted in a research report.

Duke Energy Corporation is an energy holding company. Its operations are organized into two main segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I).

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