Stock Update (NYSE:DUK): Duke Energy declares quarterly dividend payment to shareholders

[PR Newswire] – CHARLOTTE, N.C., May 5, 2016 /PRNewswire/ — Duke Energy today declared a quarterly cash dividend on its common stock of $0.825 per share payable on June 16, 2016, to shareholders of record at the close … Read more on this. Duke Energy Corporation (DUK) , valued at $55.23B, opened this morning at $79.70. Looking at the stock, its one day range is $79.54 to $80.74 with a one year range of $65.50 to $81.39. Duke Energy (DUK) shares are currently priced at 17.43x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.10x earnings multiple for the same period. The company pays shareholders $3.30 per share annually in dividends, yielding 4.19%. In a review of the consensus earnings estimate this quarter, 10 sell-side analysts are looking at $0.99 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $4.59 is a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.74 Billion. If realized, that would be a 2.68% increase 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. The average price target for DUK shares by the analysts covering it is $79.82, which is 0.15% above where the stock opened. 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 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