GUT

Gabelli Utility Trust
GUT

$5.31

0.38%

Market Cap: $403M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

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

53% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 17

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

3% more funds holding

Funds holding: 80 [Q1] → 82 (+2) [Q2]

3% less capital invested

Capital invested by funds: $38.4M [Q1] → $37M (-$1.34M) [Q2]

2.52% less ownership

Funds ownership: 10.82% [Q1] → 8.3% (-2.52%) [Q2]

See Fund Rankings

Research analyst outlook

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

See Analyst Rankings

Financial journalist opinion

Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share

RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of October, November, and December 2024.

Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share

Gabelli Utility Trust Announces Rights Offering for Common Shares Record Date and Summary of Terms

RYE, N.Y., Aug. 22, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Utility Trust (NYSE: GUT) (the “Fund”) has approved a transferable rights offering which will allow the Fund's record date common shareholders to acquire additional common shares (the “Offering”). The Offering will be made only by means of a prospectus supplement and accompanying prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund's securities.

Gabelli Utility Trust Announces Rights Offering for Common Shares Record Date and Summary of Terms

GUT: Examining The Fund's Changes Over The Past Few Months

Gabelli Utility Trust is a closed-end fund offering high income with equity exposure, focusing on the utility sector for inflation protection. The GUT closed-end fund yields 9.95%, outperforming peer funds, but distribution history shows flat payouts for over a decade, disappointing as an inflation hedge. The fund appears to have purchased some utility common stocks during the first quarter that should have appreciated in price.

GUT: Examining The Fund's Changes Over The Past Few Months

Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008

Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisit the six funds that have inceptions prior to the 2008/09 Global Financial Crisis that have still never cut their regular distributions. A long history of no-cuts can be important for income-focused investors, but we also examine coverage and valuations to determine whether they are worth exploring further.

Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008

Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share

RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of July, August, and September 2024.

Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share

GUT: Destructive Return Of Capital Distributions Makes It Hard To Recommend This Expensive CEF

Gabelli Utility Trust offers a high level of income for investors without sacrificing the potential upside from common stocks.

GUT: Destructive Return Of Capital Distributions Makes It Hard To Recommend This Expensive CEF

3 Utility CEFs Paying Electric Yields Up To 11%

Vanilla investors are freaking out that Jerome Powell & Co. won't cut rates right away.

3 Utility CEFs Paying Electric Yields Up To 11%

Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of April, May, and June 2024.

Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share

Gabelli Utility Trust Is Overpriced At An 87% Premium To NAV But Hard To Short

Gabelli Utility Trust trades at an 87% premium to net asset value, despite lagging behind the Vanguard Utilities Index Fund ETF Shares. The GUT closed-end fund's high premium is attributed to its attractive distribution yield of 11.47% and the option for shareholders to exit through rights offerings. Shorting GUT and going long on VPU is risky due to high borrowing fees, but the premium to net asset value is declining.

Gabelli Utility Trust Is Overpriced At An 87% Premium To NAV But Hard To Short

GUT: The Premium That Refuses To Die

The utilities sector faced a tough year in 2023, contrary to its usual defensive nature during economic downturns. GUT displays an extremely high premium to its net asset value (NAV), currently at 109.3%. This high premium remains despite changes in the utilities sector and interest rate landscape. Rising treasury yields offer returns above 5%, making investments in utilities or high-premium CEFs like GUT less appealing compared to alternative options.

GUT: The Premium That Refuses To Die

See News Rankings