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Actionable news in DUK: DUKE ENERGY CORPORATION,

When A Safe Sector Gets Expensive

Summary

As utilities have outpaced the broader market, they've become pricey. Josh Brown noted last week the sector is trading at 2x sales for the first time in 25 years.

A valuation-based view would be bearish on utilities at this point, and indeed the consensus for one of the leading utilities, Duke Energy, is for a negative 12-month return.

Our site, which ignores valuation, is relatively bullish on Duke Energy. We explain why...


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