[PR Newswire] – CHARLOTTE, N.C., June 8, 2016 /PRNewswire/ — With 670 miles of wire and cable and 487,000 solar panels, Duke Energy’s (NYSE: DUK) 40-megawatt (MW) Elm City Solar Facility is the latest addition to the … Read more on this. Duke Energy Corporation (DUK) , valued at $55.33B, started trading this morning at $79.84. Shares have traded today between $79.84 and $80.33 per share and has traded between $65.50 and $81.39 over the past year. DUK shares are currently priced at 17.39x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.01x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.30 per share annually in dividends, yielding 4.13%. According to a consensus of 11 analysts, the earnings estimate of $1.00 per share would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.59 would be a $0.05 improvement when compared to the previous year’s annual results. 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. More recently, JP Morgan downgraded DUK from Overweight to Neutral (Feb 19, 2016). Previously, Wells Fargo downgraded DUK from Outperform to Market Perform. With the above information in mind, readers should note that the average price target is $80.18, which is 0.43% above where the stock opened this morning. See more in (NYSE:DUK) Similar Articles: Market Update: Duke Energy Corp (NYSE:DUK) – Duke Energy accelerates renewable energy growth goal by 33% Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Renewables acquires 20-MW Longboat Solar Project in California from EDF Renewable Energy Company Update (NYSE:DUK): Duke Energy to build its first solar project in Rowan County, N.C.