#5 - Duke Energy (NYSE:DUK)
Another common sector to look for dividend stocks is the utilities sector. And one utility that looks inviting right now is Duke Energy (NYSE:DUK). Location matters when it comes to utilities. And in 2021, the U.S. Census data revealed that population was shifting into the areas such as Florida where Duke Energy operates.
In its first quarter earnings report, the company had a slight miss on earnings. However, it still expects to grow earnings per share at a compound annual growth rate (CAGR) in a range of 5% to 7%.
On the ESG (environmental, social, and governance) front, Duke Energy is planning to triple its renewable energy portfolio by 2030. The company believes it can accomplish this goal while actively reducing its active coal units by 2030.
As of this writing, Duke has an annual dividend of $3.94 which calculates to a 3.60% dividend yield. And the company has increased its dividend in each of the last 18 years.
About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
Read More - Current Price
- $108.28
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $122.23 (12.9% Upside)
