Stock Update: Duke Energy Corp (NYSE:DUK) – Duke Energy grants for Dan River Basin region top $1.6 million

[PR Newswire] – CHARLOTTE, N.C., April 14, 2016 /PRNewswire/ — Duke Energy today announced grants totaling $500,000 from the Water Resources Fund to be shared equally between the Community Foundation of the Dan River … Read more on this. Duke Energy Corporation (DUK) , with a current value of $54.73B, began trading this morning at $79.61. During the trading session, DUK traded between $79.05 to $79.76 with the price of the stock fluctuating between $65.50 to $81.39 over the last 52 weeks. DUK shares are currently priced at 17.44x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.80x forward p/e ratio. 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 $1.17 per share, which would be $0.07 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.60 is a $0.06 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.03 Billion. If realized, that would be a 0.50% 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. The average price target for DUK shares by the analysts covering it is $79.15, which is 0.58% below where the stock opened. See more in (NYSE:DUK) Similar Articles: Stock Update: Duke Energy Corp (NYSE:DUK) – Duke Energy awards nearly $1.4 million to jumpstart job readiness in North Carolina Stock Update: Duke Energy Corp (NYSE:DUK) – North Carolina solar was hot in 2015; Duke Energy led the charge Stock Update: Duke Energy Corp (NYSE:DUK) – Duke Energy, Piedmont Natural Gas file with North Carolina Utilities Commission for acquisition approval
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