2 Stocks to Help You Make Money in Retirement
Your financial needs change drastically when you finally hand in your punch card and set off for retirement. You're no longer bringing home a paycheck, and Social Security alone probably won't be enough to live on. That's why you'll want to find stocks that can help you make money in retirement, like dividend-paying utility Duke Energy (NYSE: DUK) and high yield midstream partnership Magellan Midstream Partners, L.P. (NYSE: MMP). Here's a quick primer on each of these money machines.
Duke Energy is one of the largest utilities in the United States, providing millions of customers with electricity and natural gas. Its top- and bottom-lines are largely driven by its regulated electric and natural gas utility businesses where Duke is granted a monopoly in its service areas but, in exchange, must get rate increases approved by regulators. The rest of its business is built around long-term contracts and fees (renewable energy production and midstream energy assets). It's a fairly stable business overall.
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Source: Fool.com
Duke Energy Corp. Stock
We see a rather positive sentiment for Duke Energy Corp. with 15 Buy predictions and 1 Sell predictions.
However, we have a potential of -1.38% for Duke Energy Corp. as the target price of 95 € is below the current price of 96.33 €.
