15 Best Defensive Stocks Amid Market Volatility

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8. Duke Energy Corp. (NYSE:DUK)

Beta: 0.47

Number of Hedge Fund Holders: 62

Duke Energy Corp. (NYSE:DUK) is one of the largest utility companies in the United States, providing electricity and natural gas services to more than eight million customers. Its diverse portfolio includes regulated electric utilities, renewable energy projects, and grid modernization initiatives.

The company’s solid financial position, strategic infrastructure investments, and regulated utility operations contribute to consistent cash flows, reinforcing its status as a defensive play in uncertain economic conditions. Corroborating this positive view, a BMO Capital analyst recently increased Duke Energy Corp. (NYSE:DUK)’s price target from $123 to $128 while reiterating an Outperform rating. Following discussions with the company’s management, the analyst remained optimistic about the stock, highlighting the company’s stable regulatory environment and defensive positioning. Additionally, he sees a clear growth trajectory that could support multiple expansion as the company continues to execute on its strategy.

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