Duke Energy (DUK) Price Target Lowered at Morgan Stanley

Group 1 - Duke Energy Corporation (NYSE:DUK) is recognized as one of the 14 Best Utility Dividend Stocks to Buy Now [1] - The company operates a diverse mix of regulated power plants, including hydro, coal, nuclear, natural gas, solar, and battery storage [2] - Morgan Stanley analyst David Arcaro lowered the price target for Duke Energy from $136 to $133 while maintaining an 'Equal Weight' rating, noting the utilities sector underperformed the wider market in October [3] Group 2 - Duke Energy is seeking approval from North Carolina regulators for a rate increase of approximately 15% over the next two years, which would result in residential customers paying an additional $20 to $30 per month by 2028 [4] - The company has also requested smaller rate increases for commercial and industrial customers as part of its strategy to propose new investments in North Carolina to enhance reliability and meet rising demand [4]