5 Best Utility Stocks to Buy Now

3. Duke Energy Corporation (NYSE:DUK)

Number of Hedge Fund Holders: 36 

Duke Energy Corporation (NYSE:DUK) is American electric power and natural gas holding company that serves over 7.4 million customers in the country. Over 3.87% yield and 14 years of consistent dividend growth make Duke Energy Corporation (NYSE:DUK) one of the best utility stocks to buy now. 

As of Q2 2021, 36 hedge funds tracked by Insider Monkey have positions in Duke Energy Corporation (NYSE:DUK), up from 34 in the previous quarter. These stakes are valued at $566.1 million. With 1.2 million shares, D.E. Shaw is the company’s leading shareholder.