Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Indiana renews commitment to clean energy with upgrades at Markland Hydro Station

[PR Newswire] – PLAINFIELD, Ind., March 24, 2016 /PRNewswire/ — Duke Energy customers in Indiana will continue to reap the benefits of low-cost, carbon-free electric generation for many more years with the planned modernization … Read more on this. Duke Energy Corporation (DUK) , currently valued at $54.90B, started trading this morning at $79.54. Looking at today’s market, DUK one day range is $79.33 to $80.11 with the price of the stock fluctuating between $65.50 to $80.40 over the last 52 weeks. Duke Energy (DUK) shares are currently priced at 17.31x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.94x earnings multiple for the same period. The company pays shareholders $3.30 per share annually in dividends, yielding 4.15%. In a review of the consensus earnings estimate this quarter, 9 sell-side analysts are looking at $1.18 per share, which would be $0.06 worse than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $4.61, which would be a $0.07 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.04 Billion. If realized, that would be a 0.33% decrease over the year-ago quarter. Recently, JP Morgan downgraded DUK from Overweight to Neutral (Feb 19, 2016). Previously, Wells Fargo downgraded DUK from Outperform to Market Perform. Given all the information above, we should disclose to readers that the average price target is $78.81, which is 0.92% below than it opened this morning. See more in (NYSE:DUK) Similar Articles: Market Update: Duke Energy Corp (NYSE:DUK) – Repko to lead Duke Energy’s fossil/hydro organization Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy customers surpass 1 terawatt of energy savings through My Home Energy Report Program Market Update: Duke Energy Corp (NYSE:DUK) – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Piedmont Natural Gas Company, Inc. of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to Duke Energy Corp. — PNY