Reaves Utility Income Fund
UTG
Market cap $2.56B

31.41 USD

-0.71

2.21%

At close Oct 9, 4:00 PM EDT

After hours

32.00

+0.59

1.88%

1 day

-2.21%

5 days

-4.67%

1 month

3.05%

3 months

13.93%

6 months

17.07%

Year to date

16.25%

1 year

29.53%

5 years

-12.43%

About: Reaves Utility Income Fund is a closed-end management investment company. The company's investment objective is to provide a high level of after-tax income and total return consisting of tax-advantaged dividend income and capital appreciation. It invests a portion of its total assets in securities of utility companies, which may include companies in the electric, gas, water, telecommunications sectors, as well as other companies engaged in other infrastructure operations.

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

56% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 39

16% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 19

2% more funds holding

Funds holding: 163 [Q1] → 166 (+3) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.36% less ownership

Funds ownership: 11.05% [Q1] → 10.69% (-0.36%) [Q2]

1% less capital invested

Capital invested by funds: $234M [Q1] → $231M (-$3.23M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for UTG.

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Financial journalist opinion

Based on 5 articles about UTG published over the past 30 days

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Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.19 per Share

DENVER, CO / ACCESSWIRE / October 7, 2024 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of October 1, 2024, the Fund's market price was $32.83 per share and its net asset value was $32.69 per share.

Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.19 per Share

Reaves Utility Income Fund Section 19(a) Notice

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / September 30, 2024 / On September 30, 2024, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on September 17, 2024. The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.

Reaves Utility Income Fund Section 19(a) Notice

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UTG: Utilities Are The New Gold As Real Rates Collapse (Rating Upgrade)

Utility stocks are highly sensitive to interest rates and often correlate with long-term bond prices, making them attractive as rates decline. UTG has recovered most losses since 2023, but its valuation remains high, with a significant portion of its distribution coming from capital gains. Utilities and gold are overvalued based on long-term real interest rate modeling; however, rates on long-term Treasury debt may be elevated due to increased monetary risk factors.

UTG: Utilities Are The New Gold As Real Rates Collapse (Rating Upgrade)

Reaves Utility Income Fund Section 19(a) Notice

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / August 30, 2024 / On August 30, 2024, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on August 16, 2024. The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.

Reaves Utility Income Fund Section 19(a) Notice

Very Good News For Utilities Stocks

Utilities have underperformed the broader market since the beginning of 2023 due to a plethora of factors. However, that has begun to reverse and there are several reasons to believe this market reversal will continue. We share several attractive ways to gain exposure to this trend.

Very Good News For Utilities Stocks

UTG: Positive Outlook Driven By Interest Rate Cuts

Reaves Utility Income Trust operates as a closed end fund that provides diverse exposure to utilities and infrastructure. The fund offers a high dividend yield of 7.7% with distributions being paid monthly. UTG's stable price-to-NAV relationship and tax-efficient distributions enhance its appeal for various investment account types.

UTG: Positive Outlook Driven By Interest Rate Cuts

UTG: Should Benefit Significantly From What Likely Will Be Multiple Rate Cuts

The investing environment has changed, consumer spending is declining, and rate cuts are expected. Reaves Utility Income Trust benefitted from low-rate environment, struggled in inflationary/high-rate environment. Upgrading UTG to hold, the utility industry likely to benefit from lower rates, UTG's leveraged model will benefit from a truncated rate cycle.

UTG: Should Benefit Significantly From What Likely Will Be Multiple Rate Cuts

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