GUT
Gabelli Utility TrustGUT
GUT
About: Gabelli Utility Trust operates as a diversified closed-end investment management company. The fund's primary objective is the long-term growth of capital and income. To achieve its objective, the fund may invest its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas, & water; and telecommunications services or infrastructure operations. It invests in various sectors, of which Electric Integrated, Water, Telecommunications, and U.S. Government Obligations and others.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
36% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 22
11% more funds holding
Funds holding: 82 [Q2] → 91 (+9) [Q3]
0.52% more ownership
Funds ownership: 9.43% [Q2] → 9.95% (+0.52%) [Q3]
13% less capital invested
Capital invested by funds: $42.1M [Q2] → $36.7M (-$5.36M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for GUT.
Financial journalist opinion
Negative
Seeking Alpha
2 weeks ago
GUT Rights Offering Results Quick Notes
GUT's rights offering concluded successfully, issuing 11.6 million shares and raising $58.1 million, though it was undersubscribed with a 76.5% participation rate. The offering was highly accretive, issuing shares at $5 when NAV was $3.09, boosting NAV per share and supporting GUT's high distribution rate. Investors might benefit from the "sell and rebuy" strategy during rights offerings to avoid negative price pressure and potentially acquire shares at lower prices.
Neutral
GlobeNewsWire
1 month ago
Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- November 14, 2024 – 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 January, February, and March 2025.
Positive
Forbes
1 month ago
These Closed-End Funds Pay $1,000 A Month On Every $100K Invested
I can't tell you how many times I've mentioned closed-end funds (CEFs) to investors and been met with blank stares in return.
Neutral
GlobeNewsWire
2 months ago
Gabelli Utility Trust Rights Offering Concludes Raising $58 Million
RYE, New York, Oct. 22, 2024 (GLOBE NEWSWIRE) -- The Gabelli Utility Trust (NYSE: GUT) (the “Fund”) is pleased to announce the successful completion of its transferable rights offering (the “Offering” or “Offer”). Preliminary results indicate that the Fund will issue 11,624,109 common shares, for gross proceeds to the Fund of $58,120,545 (including over-subscription requests and notices of guaranteed delivery).
Neutral
Seeking Alpha
2 months ago
CEF Weekly Review: Rights Offerings Are Contingent Alpha
We review the CEF market valuation and performance through the third week of September and highlight recent market action. CEF market activity was mixed with tighter discounts and lower NAVs. Western Asset Investment Grade Defined Opportunity Trust's tender offer saw less than 50% shares tendered.
Negative
Seeking Alpha
2 months ago
In Case You Need A Reminder, Swap GUT For DPG
Fourteen months ago, I wrote on article that described the absurd valuation difference between two utility funds that actually had much in common. But based on the NAV and MKT yields of the funds, I felt that one fund was dramatically more attractive, even though it had just cut its distribution. Because when shareholders only care about how high a fund's market yield is while completely ignoring the fund's ability to cover it, bad things eventually happen.
Positive
Seeking Alpha
2 months ago
GUT: 2024 Rights Offering Underway
The Gabelli Utility Trust's 1-for-5 rights offering allows shareholders to buy additional shares at $5 each, expiring October 21, 2024. GUT trades at a 72.52% premium to NAV, making the rights valuable unless the share price drops below $5 before expiry. The rights offering is accretive, boosting GUT's NAV and supporting its high distribution rate, benefiting long-term shareholders.
Neutral
GlobeNewsWire
3 months ago
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.
Neutral
GlobeNewsWire
3 months ago
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.
Positive
Seeking Alpha
4 months ago
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.
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