Company Update (NYSE:DUK): Duke Energy funds available for fish and wildlife habitat enhancement projects along waterways in N.C. and S.C.

[PR Newswire] – CHARLOTTE, N.C., April 27, 2016 /PRNewswire/ — Beginning May 1, 2016, qualifying government agencies and nonprofit organizations are encouraged to submit applications for Duke Energy habitat enhancement … Read more on this. Duke Energy Corporation (DUK) , valued at $53.66B, started the session at $77.24. A quick look at the market, the company’s stock traded between $77.01 and $78.00 with the price of the stock fluctuating between $65.50 to $81.39 over the last 52 weeks. DUK shares are currently priced at 16.72x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.86x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.30 per share annually in dividends, yielding 4.29%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $1.14 per share, which would be $0.10 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.59, which would be a $0.05 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.05 Billion. If reported, that would be a 0.17% decrease over the year-ago quarter. More 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 $79.53, which is 2.96% above than it opened this morning. See more in (NYSE:DUK) Similar Articles: Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables acquires two North Carolina solar projects from ET Capital Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables acquires 20-MW Longboat Solar Project in California from EDF Renewable Energy Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy customers surpass 1 terawatt of energy savings through My Home Energy Report Program
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