Market Update (NYSE:DUK): With completion of Los Vientos V, Duke Energy Renewables racks up more than 600 megawatts of wind and solar power in 2015

[PR Newswire] – CHARLOTTE, N.C., Jan. 26, 2016 /PRNewswire/ — Duke Energy Renewables, a commercial business unit of Duke Energy, ended 2015 with a flurry, completing its 110-megawatt (MW) Los Vientos V Windpower Project … Read more on this. Duke Energy Corporation (DUK) , valued at $49.86B, started the session at $72.00. Shares have traded today between $71.85 and $73.20 per share with its 52-week range being $65.50 to $89.97. Duke Energy (DUK) shares are currently priced at 15.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 2.95x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.30 per share annually in dividends, yielding 4.57%. According to a consensus of 15 analysts, the earnings estimate of $0.91 per share would be $0.05 better than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $4.57 is a $0.02 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.45 Billion. If reported, that would be a 16.01% increase over the year-ago quarter. More recently, BofA/Merrill upgraded DUK from Underperform to Neutral (Jan 12, 2016). Previously, Scotia Howard Weil Initiated DUK at to Sector Perform. With the above information in mind, readers should note that the average price target is $75.89, which is 5.40% 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 Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy’s solar rebate helps customers harness the sun in the Palmetto State Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables more than doubles its North Carolina solar portfolio