Reaves Utility UTG

$33.01 +0.15 (0.46%)

Valuation

Market cap
—
Revenue TTM
$-69,887,757
Net income TTM
$-74,371,377
PE ratio
—
Forward PE
—
Profit margin
—
Debt to equity
—

Trading

Volume
6,427
Avg volume
341,740
Day's range
$33.00 – $33.10
Shares out
—
Stochastic %K
92%
Beta
—
Analysts
Strong Buy
Price target
—

Price

Company profile

Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It empl...

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Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It employs a combination of quantitative and fundamental analysis with bottom-up stock picking approach to create its portfolio. Reaves Utility Income Fund was formed on September 15, 2003 and is domiciled in the United States.

Industry
Asset Management
Sector
Financial Services
Phone
201 332 4596
Website
https://www.utilityincomefund.com/
Address
10 Exchange Place, 18th Floor, Jersey City, United States

Latest news

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Stocktwits

masonjoel99 Oct 2, 2:01 PM
$UTG I think it has to do with interest rates on the treasuries. When the rates come down, UTG goes up. Long term it will go up. Rates will come down.
0 replies
masonjoel99 Oct 1, 1:12 PM
$UTG I kept buying as it declined. Now hold 1000 shares….8% dividend I believe. Probably will go up at dividend time. Or does it pay monthly. Not sure…
1 replies
davidjbenz Sep 28, 6:50 PM
$UTG New 52-week low. Of course! Just after I opened a 7000 share position! 😡
2 replies
davidjbenz Sep 25, 8:53 PM
$UTG Nice A/H green candle. Strait of Hormuz 'bout to re-open? Bring those fuel costs down!
1 replies
apthatsme Sep 25, 5:44 PM
$UTG Rising rates are pushing this in the wrong direction!
0 replies
Alphasearch Sep 24, 3:50 PM
$UTG I am out with a nice profit. The fund is under pressure due to rising treasury yields. This closed end fund uses leverage or buys on loan more shares which is now 19%. That is how it can pay a higher yield. With treasuries falling and the yield rising it becomes more expensive for them to borrow and could cut future dividends or force them to return capital. It also broke the lower trendline in a declining channel as well as losing January lows.
0 replies
9ForMyLostGod Sep 23, 7:38 PM
$UTG I rekon we're gonna see Oct 2023 levels pretty soon with interest rates on the rise and the 10-year approaching a 20-year high. Utilities will get hit especially hard. Keeping some dry powder for this, as well as for adding to my other utility positions in $DNP $UTF and $HTD
6 replies
masonjoel99 Sep 18, 4:28 PM
$UTG why is it down…pays 8% monthly.
1 replies