REAVES UTILITY INCOME FUND (UTG) Stock Price, Forecast & Analysis

Can you describe the business of REAVES UTILITY INCOME FUND?

Reaves Utility Income Fund is a US-based company operating in industry. The company is headquartered in Denver, Colorado. The company went IPO on 2004-02-25. Reaves Utility Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in dividend-paying common and preferred stocks of companies in the utility industry. The Fund pursues its investment objective by investing at least 80% of its total assets in the securities of domestic and foreign companies involved to a significant extent in providing products, services or equipment for the generation or distribution of electricity, gas or water; telecommunications activities, and infrastructure operations, such as airports, toll roads and municipal services. The Fund may invest in preferred stocks and bonds of below investment grade quality (junk bonds). The Fund's investment adviser is W.H. Reaves & Co., Inc.

What is the stock price of REAVES UTILITY INCOME FUND today?

The current stock price of UTG is 37.3 USD. The price increased by 0.35% in the last trading session.

What is the ChartMill technical and fundamental rating of UTG stock?

UTG has a ChartMill Technical rating of 1 out of 10.You can find more details on the Technical Analysis and Fundamental Analysis tabs.

Would investing in REAVES UTILITY INCOME FUND be a good decision?

This depends on your investment goals. Check the Technical and Fundamental Analysis tabs for insights on UTG.