Duke Energy (NYSE:DUK) reported Q1 EPS of $0.38, topping estimates of $0.36. The results excluded the $420 million related to the IGCC project. The company was working with regulators on the successful completion of a merger with Progress Energy and it targets July 1 as the closing date. Duke reaffirmed its 2012 EPS forecast of $1.40-$1.45, vs. estimates of $1.42. Duke Energy Corporation is an energy company located primarily in the Americas that owns an integrated network of energy assets. The Company manages a portfolio of natural gas and electric supply, delivery, and trading businesses in the United States and Latin America. SmarTrend currently has Duke Energy in a Downtrend. Since 2008, SmarTrend subscribers trading Duke Energy using our alerts outperformed the stock by 67%. We are monitoring these developments and will alert subscribers to any change in trend.