Stock Update: Duke Energy Corp (NYSE:DUK) – Duke Energy increases quarterly dividend payment by 3.6%

[PR Newswire] – CHARLOTTE, N.C., July 11, 2016 /PRNewswire/ — Duke Energy today declared a quarterly cash dividend on its common stock of $0.855 per share, an increase of $0.03 per share, or 3.6 percent. The dividend … Read more on this. Duke Energy Corporation (DUK) , valued at $59.25B, opened at $85.43. During today’s session, DUK traded between $84.58 to $86.12 with its 52-week range being $65.50 to $87.31. DUK shares are currently priced at 18.74x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.32x earnings multiple. And for passive income investors, the company pays shareholders $3.30 per share annually in dividends, yielding 3.84%. 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 $0.01 sequential increase. The full-year EPS estimate is $4.59 which would be a $0.05 better than last year’s full-year earnings. 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. Recently, 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 $82.12, which is 3.87% below where the stock opened. See more in (NYSE:DUK) Similar Articles: Stock Update (NYSE:DUK): Duke Energy declares quarterly dividend payment to shareholders 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) – Duke Energy, Piedmont Natural Gas file with North Carolina Utilities Commission for acquisition approval