Market Update (NYSE:DUK): Technical Commentary on Electric Utilities Stocks — FirstEnergy, Duke Energy, Dynegy, and PG&E

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 29, 2016 / Park Lane Advisor has initiated coverage on the following equities: FirstEnergy Corporation (NYSE: FE), Duke Energy Corporation (NYSE: DUK), Dynegy Inc. (NYSE: … Read more on this. Duke Energy Corporation (DUK) , currently valued at $51.14B, ended trading at $73.47. Looking at the stock, its one day range is $74.00 to $74.46 with its 52-week range being $65.50 to $89.39. Priced at 15.84x this year’s forecasted earnings, DUK shares are relatively expensive compared to the industry ’s 8.51x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.30 per share annually in dividends, yielding 4.57%. According to a consensus of 18 analysts, the earnings estimate of $0.90 per share would be $0.04 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $4.57, which would be a $0.02 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.29 Billion. If realized, that would be a 13.13% increase over the year-ago quarter. In terms of ratings, BofA/Merrill upgraded DUK from Underperform to Neutral (Jan 12, 2016). Previously, Scotia Howard Weil Initiated DUK at to Sector Perform. Investors should keep in mind is that the average price target is $73.58, which is 0.15% above where the stock opened this morning. See more in (NYSE:DUK) Similar Articles: Stock Update: Duke Energy Corp (NYSE:DUK) – Duke Energy, Piedmont Natural Gas file with North Carolina Utilities Commission for acquisition approval 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