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StockVS

NYSE American · Asset Management · USD

Reaves Utility Income Fund (UTG) Stock Analysis

Reaves Utility Income Fund (UTG) is a Asset Management stock listed on NYSE American and quoted in US Dollar.

UTG

$38.30

+$0.33 (+0.87%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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UTG Key Statistics

As of Sep 4, 2026
Trading
Open
$38.02
Previous Close
$37.97
Day's Range
38.02–38.40
52-Week Range
35.81–43.90
Volume
297.70K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.86
Valuation
Market Cap
$3.50B
P/E Ratio
2.77
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
38.31
EPS (ttm)Profit attributable to each share over the last twelve months.
13.81
Financials (FY)
Revenue (FY)
$775.14M−10.92%
Net Income (FY)
$769.15M−11.11%
Profit marginThe share of revenue left as profit after all costs and taxes.
1373.09%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
91.43M
1-Year Return
+8.65%
Dividend and dates
Dividend
$2.52+6.64%
Ex-Dividend Date
September 17, 2026
Avg Volume
272.04K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

UTG Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+7.82%
2025+23.24%
2024+28.10%
2023+2.84%
2022−13.38%
2021+14.26%
2020−5.25%
2019+33.65%
2018+1.84%
2017+6.74%
2016 (partial year)+4.10%

As of September 4, 2026.

UTG Revenue and Earnings by Fiscal Year

FY ends October
Fiscal yearRevenueNet incomeNet margin
2025$775.14M$769.15M99.2%
2024$870.21M$865.29M99.4%
2023−$69.89M−$74.37M106.4%
2022−$214.48M−$222.02M103.5%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$775.14M——$769.15M99.2%
2024$870.21M——$865.29M99.4%
2023−$69.89M——−$74.37M106.4%
2022−$214.48M——−$222.02M103.5%

Annual figures as reported, in the company's reporting currency. As of October 31, 2025.

UTG Dividend History

$2.35+3.1% vs 2024

Dividends per share, 2025 · 12 payments

YearDividends per sharePaymentsChange
2026*$1.427—
2025$2.3512+3.1%
2024$2.2812+0.0%
2023$2.2812+0.0%
YearDividends per sharePaymentsChange
2026 (partial year)$1.427—
2025$2.3512+3.1%
2024$2.2812+0.0%
2023$2.2812+0.0%
2022$2.2812+2.2%
2021$2.2312+3.2%
2020$2.1612+2.4%
2019$2.1112+4.5%
2018$2.0212+5.2%
2017$1.9212+12.2%
2016$1.715—

Most recent payment: $0.20 per share, ex-dividend August 18, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

UTG Valuation vs Asset Management Median

Median of 561 stocks
MetricUTGAsset Management medianvs median
P/E2.7710.340.3x the median
P/S ratio38.3110.423.7x the median
Profit margin1373.09%24.09%1349.0 pts above

Medians across 561 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Reaves Utility Income Fund (UTG) at $3.50B. It is classified in the Asset Management industry, within the Financial Services sector.

UTG last closed at $38.30 on September 4, 2026. That is +$0.33 (+0.87%) against the previous close. Over the past 52 weeks the price has ranged from $35.81 to $43.90. The latest close sits 6.95% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $775.14M. Against the prior fiscal year total of $870.21M, that is a change of −10.92%. Net income for the same year was $769.15M. That is −11.11% against the prior fiscal year. Profit margin runs at 1,373.09%. That is 1,349 percentage points above the Asset Management median of 24.09%. Earnings per share on a trailing basis come to 13.81.

Across the 4 fiscal years on file, revenue moves from −$214.48M in 2022 to $775.14M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 2.77. That is 0.3 times the Asset Management median of 10.34. Measured against sales, the shares trade at 38.31 times revenue. On price-to-sales that is 3.7 times the Asset Management median of 10.42. The medians here are taken across 561 Asset Management companies that report the metric.

The reported beta is 0.86. Daily returns over the trailing 10 years annualize to a volatility of 21.71%. The trailing one-year price return is +8.65%. Measured over 10 years, that is +9.65% a year compounded.

Growth & Income

Shareholders receive a dividend, yielding 6.64% on the latest price. That is 1.5 percentage points below the Asset Management median yield of 8.11%. At the indicated rate that is $2.52 a share a year. The ex-dividend date on file is September 17, 2026. Dividends are recorded for 11 calendar years; 2026 shows 7 payments totalling $1.42 a share. The year before, 2025, totalled $2.35 a share.

The strongest complete calendar year on file is 2019 at +33.65%; the weakest is 2022 at −13.38%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the price is +7.82%.

Peer Comparison

Reaves Utility Income Fund (UTG) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Reaves Utility Income Fund UTG $3.50B 2.8
BlackRock, Inc. BLK $182.35B 26.9
Blackstone Inc. BX $162.74B 30.5
KKR & Co. Inc. KKR $99.50B 34.4

The Asset Management industry average P/E ratio is 10.3x. Reaves Utility Income Fund trades at a P/E of 2.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Reaves Utility Income Fund

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.

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