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Duke Energy Corporation Message Board

  • Coastliner Coastliner Apr 23, 1998 11:43 AM Flag

    THE DROP

    Why is DUK falling today? Is it because it has been a bit stagnant and some investors have decided to go profit-taking?

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    • DUK down with increase of bearish sentiment today. Maybe this'll help.

      S&P analyst Justin McCann upgraded Duke Energy (NYSE:DUK) to accumulate from hold. He said that with the electric utility
      aggressively expanding its non-regulated operations, the stock is attractive at less than 16 times his 1999 earnings per share estimate of
      $3.70. Yesterday, Duke Power posted first quarter earnings per share of $0.87, up from pro-forma earnings per share of $0.84 a year
      earlier, due mainly to increased electric sales and lower expenses from nuclear refueling outages and bad weather. Get unbiased opinions
      on stocks in the news every trading day from S&P STARS Picks and Pans.

 
DUK
77.08-0.43(-0.55%)Mar 4 4:00 PMEST

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