Barclays Updates Price Target for Duke Energy (DUK)

Duke Energy Corporation (NYSE:DUK) is included among the 12 Best Nuclear Power Dividend Stocks to Buy Now.

Duke Energy Corporation (NYSE:DUK) engages in the distribution of natural gas and energy-related services. The company operates 11 nuclear units at six sites in the Carolinas, representing the company’s largest and most reliable source of carbon-free generation.

Duke Energy Corporation (NYSE:DUK)’s business model generates very stable cash flows backed by government-regulated rate structures, allowing it to pay dividends for 99 consecutive years as of mid-2025. The company declared a quarterly dividend of $1.065 per share this week and boasts an attractive annual dividend yield of 3.33%.

Moreover, Barclays analyst Nicholas Campanella updated the firm’s price target for Duke Energy Corporation (NYSE:DUK) this week, raising it from $131 to $135, while maintaining an ‘Overweight’ rating on its shares. The update is part of the analyst’s preview of the third quarter for the utilities sector.

While we acknowledge the potential of DUK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.