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Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables acquires two North Carolina solar projects from ET Capital

[PR Newswire] – CHARLOTTE, N.C., April 5, 2016 /PRNewswire/ — Duke Energy Renewables today announced it has acquired two 5-megawatt (MW) solar projects in Eastern North Carolina from ET Capital, a member of the ET Solar … Read more on this. Duke Energy Corporation (DUK) , with a current value of $55.99B, finished at $81.09. Looking at today’s market, DUK one day range is $80.65 to $81.29 with the price of the stock fluctuating between $65.50 to $81.38 over the last 52 weeks. DUK shares are currently priced at 17.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.02x forward p/e ratio. And for income investors, the company pays shareholders $3.30 per share annually in dividends, yielding 4.07%. Consensus earnings for the current quarter by the 9 sell-side analysts covering the stock is an estimate of $1.17 per share, which would be $0.07 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.60, which would be a $0.06 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.03 Billion. If reported, that would be a 0.50% decrease over the year-ago quarter. In terms of ratings, JP Morgan downgraded DUK from Overweight to Neutral (Feb 19, 2016). Previously, Wells Fargo downgraded DUK from Outperform to Market Perform. When considering if the stock is under or overvalued, the average price target is $79.19, which is 2.34% below where the stock opened this morning. 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 Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables acquires 20-MW Longboat Solar Project in California from EDF Renewable Energy Stock Update: Duke Energy Corp (NYSE:DUK) – North Carolina solar was hot in 2015; Duke Energy led the charge
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