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Stock Update (NYSE:DUK): Duke Energy board appoints Wick Moorman as new board member

[PR Newswire] – CHARLOTTE, N.C., Feb. 29, 2016 /PRNewswire/ — Duke Energy’s board of directors today announced the appointment of former Norfolk Southern Corp. CEO and Executive Chairman Charles W. “Wick” Moorman … Read more on this. Duke Energy Corporation (DUK) , valued at $50.96B, started the session at $73.96. During today’s session, DUK traded between $73.79 to $74.22 and has traded between $65.50 and $80.10 over the past year. DUK shares are currently priced at 16.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.16x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.30 per share annually in dividends, yielding 4.32%. In a review of the consensus earnings estimate this quarter, 6 sell-side analysts are looking at $1.21 per share, which would be $0.03 worse than the year-ago quarter and a $0.05 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $4.62, which would be a $0.08 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.04 Billion. If realized, that would be a 0.33% 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. Investors should keep in mind is that the average price target is $77.18, which is 4.35% above where the stock opened this morning. See more in (NYSE:DUK) Similar Articles: 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 Company Update (NYSE:DUK): Duke Energy board appoints former Comcast vice chairman, CFO as new board member
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