10 Best Gas Stocks to Buy According to Billionaires

7. Duke Energy Corporation (NYSE:DUK)

Number of Billionaire Investors: 14

Number of Hedge Fund Holders: 62

Duke Energy Corporation (NYSE:DUK) is an American electric power and natural gas holding company that ranks among the best gas stocks to buy. The company’s natural gas utilities serve more than 1.5 million customers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky. Duke Energy Corporation’s (NYSE:DUK) electric utilities serve over 8 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky

On March 20, Morgan Stanley raised its price target on Duke Energy Corporation (NYSE:DUK) from $123 to $128 and maintained an “Equal Weight” rating. The firm is updating its price targets for North American regulated and diversified utilities as well as independent power producers. Morgan Stanley noted that utilities outperformed the S&P 500 in February, which saw a -1.30% return. Key insights from the firm’s annual Energy & Power Conference included continued strong demand from data centers, regulatory uncertainties in power markets, efforts to defend renewables with safe harboring, onshoring equipment, and rising return levels.