Reaves Utility Income Fund
UTG

$31.20

0.03%

Market Cap: $2.55B

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 6,710 funds

–

Analysts bullish %

Fund manager confidence

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

61% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 38

10% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 20

1% more funds holding

Funds holding: 163 [Q1] → 165 (+2) [Q2]

0% more funds holding in top 10

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

0.38% less ownership

Funds ownership: 11.05% [Q1] → 10.67% (-0.38%) [Q2]

2% less capital invested

Capital invested by funds: $234M [Q1] → $230M (-$3.82M) [Q2]

See Fund Rankings

Research analyst outlook

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

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about UTG published over the past 30 days

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

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.

Forget AI Stocks, Buy These 2 Big Dividends Instead

Reaves Utility Income Fund Section 19(a) Notice

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / July 31, 2024 / On July 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 July 19, 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

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%.

I Love Monthly Income: 3 Buys Up To 12% Yields

UTG: Data Center AI Demand To Boost Utility Companies, Big Steady 8.2% Yield

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).

UTG: Data Center AI Demand To Boost Utility Companies, Big Steady 8.2% Yield

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.

UTF And UTG: Solid Long-Term Infrastructure CEFs

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. However, it has performed poorly recently, which is in line with the performance of the utility sector. Going forward, there are certain tailwinds that should help utilities in general.

UTG: Utility Fund With 8% Plus Income For The Long Term

See News Rankings