Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy celebrates its heroes for National Lineman Appreciation Day

[PR Newswire] – April 18 is nationally recognized as National Lineman Appreciation Day to honor line workers and their role in building, maintaining and restoring service that powers the lives of our customers. U.S. Rep. Mick Mulvaney (R-S.C.), along with a number of bipartisan cosponsors, and U.S. Sen. Thom Tillis (R-N.C.) have made their support official. Mulvaney and the entire South Carolina House delegation have introduced a resolution, and Tillis plans to introduce a resolution designating April 18, 2016, as National Lineman Appreciation Day to recognize linemen, the profession of linemen, and the contributions these brave men and women make daily to protect public safety. Read more on this. Duke Energy Corporation (DUK) , valued at $55.17B, opened at $79.46. Looking at the equity, the company’s one day range is $79.34 to $80.17 with a one year range of $65.50 to $81.39. DUK shares are currently priced at 17.44x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.95x earnings multiple. And for passive income investors, the company pays shareholders $3.30 per share annually in dividends, yielding 4.11%. Consensus earnings for the current quarter by the 9 sell-side analysts covering the stock is an estimate of $1.17 per share, which would be $0.07 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.60, which would be a $0.06 better 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 $6.03 Billion. If realized, that would be a 0.50% 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. The average price target for DUK shares by the analysts covering it is $79.15, which is 0.39% below where the stock opened. See more in (NYSE:DUK) Similar Articles: Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables acquires 20-MW Longboat Solar Project in California from EDF Renewable Energy Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy customers surpass 1 terawatt of energy savings through My Home Energy Report Program Market Update: Duke Energy Corp (NYSE:DUK) – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Piedmont Natural Gas Company, Inc. of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to Duke Energy Corp. — PNY