Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables acquires six North Carolina solar projects from Community Energy

[PR Newswire] – CHARLOTTE, May 2, 2016 /PRNewswire/ — Duke Energy Renewables today announced it has acquired six 5-megawatt (MW) solar projects in Eastern North Carolina from Community Energy. Five of the six sites are … Read more on this. Duke Energy Corporation (DUK) , valued at $54.44B, began trading this morning at $78.83. Today’s price range has been between $78.72 and $79.20 per share and has traded between $65.50 and $81.39 over the past 12 months. DUK shares are currently priced at 17.07x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.10x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.30 per share annually in dividends, yielding 4.19%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $1.14 per share, which would be $0.10 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is 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 predicated on a consensus revenue forecast of $6.05 Billion. If reported, that would be a 0.17% decrease 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. When considering if perhaps the stock is under or overvalued, the average price target is $79.53, which is 0.89% above where the stock opened this morning. See more in (NYSE:DUK) Similar Articles: Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables acquires two North Carolina solar projects from ET Capital 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