T. Rowe Price Equity Income Fund Comments on Duke Energy

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Feb 20, 2020

In utilities, we took advantage of share price appreciation to exit our position in Duke Energy (DUK, Financial). We are wary of the company’s elevated debt load, ongoing legal troubles regarding its Atlantic Coast Pipeline, and worsening risk/reward profile relative to its peers.

From T Rowe Price Equity Income Fund (Trades, Portfolio)'s 2019 annual shareholder letter.

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