[at CNBC] – Cramer shares six stocks to watch, and reveals them in under 60 seconds, including the “value” trade on Ascena and Cramer’s favorite utility play on Duke Energy.
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Duke Energy Corporation (DUK), currently valued at $48.23B, opened at $69.19.
Shares have traded today between $68.26 and $69.24 per share with a one year range of $64.16 to $75.46.
DUK shares are currently priced at 15.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.02x forward p/e ratio.
And for passive income investors, the company pays shareholders $3.12 per share annually in dividends, yielding 4.50%.
Consensus earnings for the current quarter by the 13 sell-side analysts covering the stock is an estimate of $0.95 per share, which would be $0.25 better than the year-ago quarter and a $0.08 sequential increase. The full-year EPS estimate is $4.32, which would be a $0.00 better than last year.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.52 Billion. If reported, that would be a 14.39% increase over the year-ago quarter.
In terms of ratings, CRT Capital Initiated DUK at Buy (Nov 5, 2013). Previously, Deutsche Bank upgraded DUK from Hold to Buy.
Given all the information above, we should disclose to readers that the average price target is $74.75, which is 8.04% above than it opened this morning.
Duke Energy Corporation (NYSE:DUK), operates as an energy company in the United States and Latin America. The company operates in three segments: U.S. Franchised Electric and Gas, Commercial Power and International Energy. Duke Energy Corporation was founded in 1916 and is headquartered in Charlotte, North Carolina.
Tag Helper ~ Stock Code: DUK | Common Company name: Duke Energy | Full Company name: Duke Energy Corporation (NYSE:DUK) .