Top Energy and Utility Stocks Wall Street Analysts Are Talking About

5. Duke Energy Corporation (NYSE:DUK)

Number of Hedge Fund Holders: 56

Duke Energy Corporation (NYSE:DUK) is one of the Top Energy and Utility Stocks Wall Street Analysts Are Talking About. On June 13, Raymond James began coverage of the company’s stock with a “Market Perform” rating. The firm believes that Duke Energy Corporation (NYSE:DUK) is a quality name, which continues to trade at a reasonable valuation, with limited rate case risk in 2025-2026. This develops a clear runway for a well-communicated growth strategy, added the analyst. Despite the strong run, the firm expects faster near-term growth.

For Q1 2025, the company announced adjusted EPS of $1.76, making a healthy start to the year. These results were $0.32 above last year, thanks to top-line growth throughout the electric and gas utilities. Duke Energy Corporation (NYSE:DUK) is confident in its outlook and has re-affirmed its 2025 guidance range of $6.17 to $6.42 and long-term EPS growth rate of 5% to 7% through 2029.

In March, Duke Energy Corporation (NYSE:DUK) received approval from the Nuclear Regulatory Commission to extend the operating license for its Oconee nuclear station for an additional 20 years. Considering the 3 generating units producing over 2,600 megawatts, Oconee happens to be the first nuclear station to reach such a milestone and is expected to now power the Carolinas into the 2050s.