Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Progress proposes more than $5 in monthly savings for N.C. customers

[PR Newswire] – CHARLOTTE, N.C., June 22, 2016 /PRNewswire/ — Duke Energy Progress customers in North Carolina will see more than $5 in savings on their monthly energy costs in 2017 if the company’s annual fuel cost-recovery filings receive approval from the North Carolina Utilities Commission (NCUC). Overall energy costs would decrease about 4.9 percent for residential customers, 6.3 percent for commercial customers and 5.7 percent for industrial customers — keeping the cost per kilowatt-hour about 20 percent below the national average and putting more money back into customers’ homes and businesses. Duke Energy Progress today made its annual filings with the NCUC for costs associated with fuel, cost recovery under the Joint Agency Asset Rider (JAAR), and implementation of energy efficiency (EE) and demand-side management (DSM) programs. Read more on this. Duke Energy Corporation (DUK) , valued at $56.37B, started the session at $82.05. During the trading session, DUK traded between $81.73 to $82.18 and has traded between $65.50 and $83.00 over the past 12 months. Duke Energy (DUK) shares are currently priced at 17.86x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.26x earnings multiple for the same period. The company pays shareholders $3.30 per share in dividend income per year, for a current yield of 3.98%. According to a consensus of 12 analysts, the earnings estimate of $1.00 per share would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $4.59, which would be a $0.05 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.71 Billion. If realized, that would be a 2.15% increase 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. With the above information in mind, readers should note that the average price target is $80.53, which is 1.85% below where the stock opened this morning. See more in (NYSE:DUK) Similar Articles: Stock Update (NYSE:DUK): Duke Energy Progress proposes nearly $3 in monthly fuel savings for residential customers in South Carolina Stock Update (NYSE:DUK): Duke Energy Carolinas proposes more than $3 in monthly savings for customers in North Carolina 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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