Reaves Utility Income Fund
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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
311% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 9
76% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 38
24% more capital invested
Capital invested by funds: $251M [Q2] → $310M (+$59.2M) [Q3]
17% more funds holding
Funds holding: 166 [Q2] → 194 (+28) [Q3]
0.33% more ownership
Funds ownership: 11.64% [Q2] → 11.97% (+0.33%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for UTG.
Financial journalist opinion
Based on 6 articles about UTG published over the past 30 days
Neutral
Accesswire
5 days ago
Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.19 Per Share
DENVER, CO / ACCESSWIRE / December 16, 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 December 9, 2024, the Fund's market price was $33.62 per share and its net asset value was $33.58 per share.
Positive
Seeking Alpha
1 week ago
7%-Yielding Retirement Monthly Dividend: Is UTG A Buy On The Dip?
UTG has significantly outperformed the market since my last buy rating earlier this year. However, it has pulled back sharply over the past week. I revisit the fund to see if it is a good buy on the dip.
Positive
Seeking Alpha
1 week ago
CEFs Are Crushing It: How To Ride The 2024 Wave
Closed-End funds have been a source of significant upside and income in 2024. We have seen numerous distribution increases along with prices climbing. We look into the dynamics that have driven this strength.
Positive
Seeking Alpha
2 weeks ago
UTG: 6%-Plus Yield On Utilities, Outperforming In 2024
Utilities sector CEFs such as Reaves Utility Income Trust offer a high yield, defensive income with professional management. The UTG closed-end fund boasts strong performance with a 29.7% YTD return and 35.7% 1-year return, outperforming the Utilities sector and S&P 500. This article details long and short-term performance, exposure to the Utilities sector, dividend growth, and yields for UTG and peers DPG, GUT, and MEGI.
Neutral
Accesswire
3 weeks ago
Reaves Utility Income Fund Section 19(a) Notice
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / November 29, 2024 / On November 29, 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 November 15, 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.
Negative
Seeking Alpha
3 weeks ago
Bad News For REITs, Good News For High Income Investors
Many of us expected REITs to explode higher when the Fed would start to decrease interest rates. Rising long-term yields have quite quickly destroyed these expectations. In this article, I describe two indicators, which imply elevated risks for REITs. In my view, the risks are high for REITs to decline.
Positive
Seeking Alpha
1 month ago
2 Fat Yields, Up To 7%, For Financial Freedom
Dividend-paying investments bring balance and resilience. Market conditions fluctuate, but dividends provide a steady cash flow that lets you seize new opportunities as they arise. Enjoy consistent dividends all year long, supporting long-term financial health and growth.
Neutral
Accesswire
1 month ago
Reaves Utility Income Fund Section 19(a) Notice
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / October 31, 2024 / On October 31, 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 October 18, 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.
Positive
Seeking Alpha
1 month ago
Reaves Utility Income: Your Portfolio Could Probably Use More 'Hard Assets'
Utility stocks have outperformed in 2024, driven by their durable 'hard assets' which offer investors long-tail value, inflation protection, and reduced competitive pressure. The Reaves Utility Income Trust is highly attractive due to its strong track record, high yield, and focus on utility and 'hard asset' investments. UTG's dual mandate aims for high income and total returns, and management has successfully produced just that since inception.
Positive
Seeking Alpha
1 month ago
UTG Can Keep Going Higher While Yielding Around 7%
UTG has appreciated 20.98% YTD, benefiting from increased energy demand driven by AI and tech sector growth, offering a 7% yield. Despite risks from potential rate hikes and high debt profiles of its holdings, UTG's diversified portfolio and historical performance make it a strong income investment. Economic conditions, including declining rates and increased CapEx spending by tech companies, set a bullish outlook for UTG into 2025.
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