Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy issues one of the energy industry’s first Diversity & Inclusion bond offerings

[PR Newswire] – CHARLOTTE, N.C., June 23, 2016 /PRNewswire/ — Duke Energy Ohio today completed a milestone D&I bond offering. The $250-million transaction was led by five diversity firms, along with Citigroup. “We … Read more on this. Duke Energy Corporation (DUK) , valued at $56.13B, opened at $81.86. Looking at today’s market, DUK one day range is $81.36 to $81.98 with a trailing 52-week range being $65.50 to $83.00. DUK shares are currently priced at 17.83x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.26x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.30 per share annually in dividends, yielding 4.02%. Consensus earnings for the current quarter by the 12 sell-side analysts covering the stock is an estimate of $1.00 per share, which 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 predicated on a consensus revenue forecast of $5.71 Billion. If reported, that would be a 2.15% increase 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. The average price target for DUK shares by the analysts covering it is $80.53, which is 1.62% below where the stock opened. See more in (NYSE:DUK) Similar Articles: Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Ohio lowers power bills by $5.55 per month Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Indiana renews commitment to clean energy with upgrades at Markland Hydro Station Market Update: Duke Energy Corp (NYSE:DUK) – Repko to lead Duke Energy’s fossil/hydro organization