The Chairman, Pres & CEO of Duke Energy (NYSE: DUK) is Buying Shares

By Carrie Williams

Yesterday, the Chairman, Pres & CEO of Duke Energy (DUKResearch Report), Lynn Good, bought shares of DUK for $11.03M.

Following this transaction Lynn Good’s holding in the company was increased by 46.61% to a total of $30.44 million. Following Lynn Good’s last DUK Buy transaction on March 04, 2019, the stock climbed by 10.9%.

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Based on Duke Energy’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $6.94 billion and quarterly net profit of $1.34 billion. In comparison, last year the company earned revenue of $6.12 billion and had a net profit of $464 million. The company has a one-year high of $98.24 and a one-year low of $84.28. DUK’s market cap is $71.39B and the company has a P/E ratio of 20.25.

Five different firms, including Barclays and Goldman Sachs, currently also have a Buy rating on the stock.

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Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.