Stock Update: Duke Energy Corp (NYSE:DUK)

[PRNewswire] Duke Energy Corp (NYSE:DUK) officials asked customers to reduce electricity to help avoid potential high-energy demand on the electrical grid caused by frigid temperatures.

“The forecasted conditions are very similar to those we experienced last January during the Polar Vortex, and are affecting a large portion of the country,” said Nelson Peeler, Duke Energy vice president of transmission system operations. “We currently have sufficient generation resources to meet our customers’ energy needs, but we know from experience that conditions can change quickly, and we need to be prepared.” To view the full article click here.

Duke Energy Corp (NYSE:DUK), On 11/5/2014, DUK reported 3 quarter 2014 earnings of $1.40 per share. This result missed the $1.52 consensus expectations of the 13 analysts following the company and missed last year’s 3 quarter results by 4.11%.

DUK’s PE ratio is in-line with the Electric Utilities industry average and implies that investors do not see anything special about this company’s prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

Duke Energy Corp (NYSE:DUK)‘s PE ratio is among the lowest of any stock in the Semiconductors industry and signals that investors have not been willing to pay a premium for this company’s business prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

In terms of ratings, there are twelve analysts that cover the stock which have provided Q4 2014 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $0.88. The highest estimate is $0.98 while the lowest is $0.72. The company has a one year EPS growth rate of 24.52% and a five year EPS growth rate of 4.38%.

Duke Energy is an energy company. Duke Energy operates in the United States primarily through its direct and indirect wholly owned subsidiaries, Duke Energy Carolinas, LLC (Duke Energy Carolinas), Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc. (Progress Energy Carolinas), Florida Power Corporation d/b/a Progress Energy Florida, Inc. (Progress Energy Florida), Duke Energy Ohio, Inc. (Duke Energy Ohio), and Duke Energy Indiana, Inc. (Duke Energy Indiana), as well as in Latin America through Duke Energy International, LLC (DEI). Duke Energy’s segment includes U.S. Franchised Electric and Gas (USFE&G), Commercial Power and International Energy. In December 2012, the Company’s subsidiary acquired CGE Group’s Iberoamericana de Energia Ibener S.A. (Ibener) subsidiary in Chile. In June 2013, Duke Energy Corp acquired an undisclosed minority stake in Clean Power Finance Inc.