FMP
Reaves Utility Income Fund
UTG
NYSE
Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It employs a combination of quantitative and fundamental analysis with bottom-up stock picking approach to create its portfolio. Reaves Utility Income Fund was formed on September 15, 2003 and is domiciled in the United States.
33.66 USD
0.15 (0.446%)
Historical Prices
From:
To:
About
ceo
Mr. Jeremy Oppegard May CPA, CPA
sector
Financial Services
industry
Asset Management - Income
exchange
NYSE
Description
Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It employs a combination of quantitative and fundamental analysis with bottom-up stock picking approach to create its portfolio. Reaves Utility Income Fund was formed on September 15, 2003 and is domiciled in the United States.
CIK
0001263994
ISIN
US7561581015
CUSIP
756158101
Address
10 Exchange Place
Phone
800-975-8395
Country
US
Employee
0
IPO Date
Feb 25, 2004
Financial Statement
Earnings
UTG Financial Summary
CIK
0001263994
Exchange
NYSE
Industry
Asset Management - I...
Sector
Financial Services
CUSIP
756158101
ISIN
US7561581015
Country
US
Price
33.66
Beta
0.8
Volume Avg.
333.11k
Market Cap
2.96B
Shares
-
52-Week
27.13-35.29
DCF
-0.18
ROE
-
ROA
-
Operating Margin
-
Debt/Equity
-
P/E
3.25
P/B
-
Website
https://www.utilityincomefund.com/
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Discounted Cashflow Model
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Free Cashflow Build-Up
Terminal Value
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Weighted Average Cost of Capital
Market Information
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Latest UTG News
Seeking Alpha
Aug 21, 2024
UTG: Should Benefit Significantly From What Likely Will Be M...
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.
Seeking Alpha
Aug 9, 2024
Forget AI Stocks, Buy These 2 Big Dividends Instead
AI names trade at lofty valuations and pose painful prospects for ignorant trend-followers; we have seen this repeatedly and not too long ago. Only when the tide goes out do you discover who's been swimming naked, says Warren Buffett. Instead of chasing the trend to riches, why not focus on visible profitability and proven cash flows? We discuss our top picks with up to 9% yields.
Seeking Alpha
Jul 29, 2024
I Love Monthly Income: 3 Buys Up To 12% Yields
Whether during your career or in retirement, greater payment frequency brings flexibility in budgeting. Monthly dividends allow for quick reinvestment and efficient compounding. Three monthly paying securities were discussed with yields up to 12%.
Seeking Alpha
Jul 27, 2024
UTG: Data Center AI Demand To Boost Utility Companies, Big S...
The Reaves Utility Income Fund offers a big, steadily-growing, monthly-paid, tax-advantaged distribution (current yield is 8.2%). It also has an important tie-in with growing energy demand from datacenters and artificial intelligence (basically, cloud AI demands a lot of utility-company energy). In this report, we review the fund, its advantages (tax favorability, monetary policy impacts and data center AI tailwinds) as well as risks (expenses, leverage, price premium).
Seeking Alpha
Jul 21, 2024
UTF And UTG: Solid Long-Term Infrastructure CEFs
The utility sector was under pressure due to the higher rate environment but is an area that looks particularly attractive moving forward. Cohen & Steers Infrastructure Fund and Reaves Utility Income Trust invest not only in the utility sector, but general infrastructure-related investments more broadly. Both funds deliver attractive monthly distributions to investors of over 8% since they've been depressed with the higher rate environment.
Seeking Alpha
Jul 21, 2024
UTG: Utility Fund With 8% Plus Income For The Long Term
Reaves Utility Income Trust is a Utility sector-specific closed-end fund that invests in a fairly diversified portfolio of common stocks of utilities and communication companies, as well as other income-generating companies. It currently provides a reasonable yield of 8.0% plus; however, it uses a moderate level of leverage, roughly 20% of total assets. Currently, shares are trading at a minimal premium of under 1%. UTG has a decent long-term record of over 20 years for a Utility-focused fund. H...
Seeking Alpha
Jul 11, 2024
UTG: Fed Just Provided More Fuel To Its Rally
Reaves Utility Income Trust investors have endured a challenging two years. Fed Chair Jerome Powell's recent congressional testimony suggests the worst is likely over. UTG's recovery momentum has been robust. The Fed's rate cuts could fuel UTG to rally further.
Seeking Alpha
Jun 21, 2024
UTG: A Monthly Distribution While Waiting For Continued Reco...
The utility sector has continued to face pressure with a higher rate environment still, but there has been a bit more promise lately with the sector rising. Reaves Utility Income Trust is a solid closed-end fund in the utility space with a history of raising distributions. UTG's distribution yield is currently at 8.32%, which I believe is attractive and sustainable.
