Market Update (NYSE:DUK): Duke Energy reviews state’s recommendations while ash management work continues

[PR Newswire] – CHARLOTTE, N.C., Dec. 31, 2015 /PRNewswire/ — Duke Energy today issued the following statement regarding initial ash basin classifications issued by the North Carolina Department of Environmental Quality … Read more on this. Duke Energy Corporation (DUK) , with a current value of $49.14B, started trading this morning at $72.14. Looking at today’s market, DUK one day range is $70.74 to $72.22 and has traded between $65.50 and $89.97 over the past year. Priced at 15.80x this year’s forecasted earnings, DUK shares are relatively expensive compared to the industry’s 4.71x forward p/e ratio. The company pays shareholders $3.30 per share in dividend income per year, for a current yield of 4.65%. According to a consensus of 15 analysts, the earnings estimate of $0.92 per share would be $0.06 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $4.58 which would be a $0.03 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.45 Billion. If reported, that would be a 16.01% increase over the year-ago quarter. Recently, Scotia Howard Weil Initiated DUK at Sector Perform (Nov 17, 2015). Previously, BMO Capital Markets downgraded DUK from Outperform to Market Perform. Given all the information above, we should disclose to readers that the average price target is $75.79, which is 5.06% above than it opened this morning. See more in (NYSE:DUK) Similar Articles: Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables more than doubles its North Carolina solar portfolio Market Update: Duke Energy Corp (NYSE:DUK) – For third time in two years, Duke Energy proposes lower rates for Florida customers Stock Update: Duke Energy Corp (NYSE:DUK) – Coal ash management progress: Duke Energy selects EPRI to launch coal ash recycling technology and market study