Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Ohio lowers power bills by $5.55 per month

[PR Newswire] – CINCINNATI, June 14, 2016 /PRNewswire/ — Duke Energy Ohio has reduced its residential power bills by about 4.5 percent. As a result, a typical residential customer who uses 1,000 kilowatt-hours of electricity a month and purchases electric supply from Duke Energy Ohio will pay about $118 per month beginning with their June bill. “We continue to work hard to provide the best possible price for our customers,” said Jim Henning, president of Duke Energy Ohio and Kentucky. Read more on this. Duke Energy Corporation (DUK) , valued at $56.39B, opened at $81.51. Looking at the stock, its one day range is $81.33 to $82.18 with the price of the stock fluctuating between $65.50 to $82.18 over the last 52 weeks. Priced at 17.78x this year’s forecasted earnings, DUK shares are relatively expensive compared to the industry’s 15.35x forward p/e ratio. The company pays shareholders $3.30 per share annually in dividends, yielding 4.06%. 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 predicated on a consensus revenue forecast of $5.71 Billion. If reported, that would be a 2.15% 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. When considering if the stock is under or overvalued, the average price target is $80.35, which is 1.42% below where the stock opened this morning. See more in (NYSE:DUK) Similar Articles: Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy announces leadership changes 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