Duff & Phelps Utilities Income, Inc. (NYSE:DNP) Director Philip R. Mcloughlin sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $11.33, for a total transaction of $84,975.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Duff & Phelps Utilities Income, Inc. (NYSE:DNP) traded up 0.3154% on Wednesday, reaching $11.3858. 87,694 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $11.36 and a 200-day moving average price of $11.13. Duff & Phelps Utilities Income, Inc. has a 12-month low of $9.81 and a 12-month high of $11.54.

TRADEMARK VIOLATION WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/04/duff-phelps-utilities-income-inc-dnp-director-sells-84975-00-in-stock.html.

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in Duff & Phelps Utilities Income by 6.7% in the second quarter. Royal Bank of Canada now owns 817,499 shares of the investment management company’s stock worth $9,000,000 after purchasing an additional 51,009 shares in the last quarter. Aviance Capital Partners LLC boosted its holdings in shares of Duff & Phelps Utilities Income by 4.0% in the 2nd quarter. Aviance Capital Partners LLC now owns 252,835 shares of the investment management company’s stock valued at $2,784,000 after buying an additional 9,635 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Duff & Phelps Utilities Income by 18.0% in the 2nd quarter. Private Advisor Group LLC now owns 196,960 shares of the investment management company’s stock valued at $2,182,000 after buying an additional 29,983 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Duff & Phelps Utilities Income by 111.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 174,150 shares of the investment management company’s stock valued at $1,917,000 after buying an additional 91,764 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Duff & Phelps Utilities Income by 8.9% in the 2nd quarter. MML Investors Services LLC now owns 132,849 shares of the investment management company’s stock valued at $1,463,000 after buying an additional 10,814 shares in the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

About Duff & Phelps Utilities Income

DNP Select Income Fund Inc is a closed-end diversified management investment company. The Fund’s primary investment objectives are current income and long-term growth of income. Capital appreciation is a secondary objective. It seeks to achieve its investment objectives by investing primarily in the public utility industry.

Receive News & Ratings for Duff & Phelps Utilities Income Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duff & Phelps Utilities Income Inc. and related companies with MarketBeat.com's FREE daily email newsletter.