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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
429% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 7
76% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 38
24% more capital invested
Capital invested by funds: $251M [Q2] → $311M (+$59.4M) [Q3]
17% more funds holding
Funds holding: 166 [Q2] → 194 (+28) [Q3]
0.34% more ownership
Funds ownership: 11.64% [Q2] → 11.98% (+0.34%) [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 7 articles about UTG published over the past 30 days
Neutral
Accesswire
3 days ago
Reaves Utility Income Fund Section 19(a) Notice
DENVER, CO / ACCESS Newswire / January 17, 2025 / On January 17, 2025, 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 December 31, 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
4 days ago
Dividend Harvesting Portfolio Week 202: $20,200 Allocated, $1,944.48 In Projected Dividends
The market started 2025 with volatility, but I remain bullish due to favorable macroeconomic conditions and expected Fed rate cuts. The Dividend Harvesting Portfolio mitigated downside risk despite market declines, generating $70.79 in dividend income and increasing forward annualized dividend income to $1,944.48. Diversification rules are crucial, with no sector exceeding 20% and no position over 5%, ensuring stability during market fluctuations.
Positive
Seeking Alpha
5 days ago
UTG: Relative Safety In Valuation For Utilities Going Into 2025
The Reaves Utility Income Fund offers high, consistently rising distributions, with a current yield of 7.23%. UTG's portfolio focuses on utilities and infrastructure, leveraging expertise to outperform its sector benchmark, despite slightly higher volatility. UTG's current slight premium is not a concern unless it exceeds 2%; buying at a discount is preferable but not always predictable.
Positive
Seeking Alpha
2 weeks ago
UTG: Another Opportunity To Add To This 7% Yielding CEF (Upgrade)
I am very bullish on UTG for 2025, as declining risk-free rates make income-producing assets like UTG more attractive for yield-seeking investors. UTG's strong distribution history and tax-advantaged dividend income make it a compelling alternative to declining yields in money markets and CDs. The utility sector, a significant part of UTG's portfolio, stands to benefit from increased CapEx in A.I. data centers and favorable refinancing conditions.
Neutral
Seeking Alpha
2 weeks ago
MEGI: Deep Discount Returns With Market Volatility
MEGI: Deep Discount Returns With Market Volatility
Positive
Seeking Alpha
3 weeks ago
My 9.5% Income Portfolio: Better With Less, But Better
Risk is the probability of a negative event in the future. An abstract concept that is not measurable; otherwise it would not be risk. Ascertaining value is the first step in controlling risk, that is, in reducing the possibility of incurring losses that cannot be predicted in advance. My choice to invest in securities with positive NAV performance over time is a way to try to control risk.
Neutral
Accesswire
3 weeks ago
Reaves Utility Income Fund Section 19(A) Notice
DENVER, CO / ACCESSWIRE / December 30, 2024 / On December 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 December 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.
Neutral
Accesswire
1 month 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 month 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 month 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.
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