The case for investing in Duke Energy is fairly simple. The merger makes sense, giving Duke a growth path and a very strong market position in the Southeast. Duke is now the largest energy utility in the country as judged by market cap.
The company now trades at under 15x 2013 earnings, which is low for a major utility in a safety-seeking environment. Duke just increased its dividend, the 8th consecutive year of increases. Continued pressure on the stock could send it down to the low 60s - at 61.2/share, the stock will hit the 5% yield barrier.
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