15 Best Large-Cap Value Stocks to Buy as the Recession Hits

9. Duke Energy Corporation (NYSE:DUK)

Number of Hedge Fund Holders: 62

Forward P/E as of April 15: ~19.1x

Duke Energy Corporation (NYSE:DUK) operates as an energy company. Jefferies analyst Julien Dumoulin-Smith upped the company’s price objective to $133.00 from the prior target of $132.00 while reiterating a “Buy” rating. Notably, the adjustment demonstrates a favorable outlook on Duke Energy Corporation (NYSE:DUK)’s potential to act as a stable investment amidst market uncertainties, including tariffs and other macroeconomic challenges. The analyst believes that the company’s stock remains less impacted by the global tariff issues as compared to other companies. Overall, the firm’s analysis hints at the company’s capacity to provide investors with a mix of growth and stability, which makes it a compelling investment option.

Duke Energy Corporation (NYSE:DUK)’s focus on clean energy and sustainability can deliver several benefits. The transition towards clean energy aligns the company with growing consumer and investor preferences for sustainable businesses. This can improve its reputation, potentially bringing in environmentally-conscious customers and investors. It can also develop new business opportunities. Duke Energy Corporation (NYSE:DUK)’s higher full-year 2024 adjusted results were mainly aided by growth from rate increases and riders, improved weather, and higher sales volumes. Notably, the company posted an adjusted EPS of $5.90 as compared to $5.56 in FY 2023.