Reaves Utility Income Fund Stock Forecast, Price & News

Wall Street analysts have given Reaves Utility Income Fund a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Reaves Utility Income Fund wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Reaves Utility Income Fund saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 23,700 shares, an increase of 70.5% from the June 15th total of 13,900 shares. Based on an average daily trading volume, of 190,100 shares, the days-to-cover ratio is currently 0.1 days.
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Reaves Utility Income Fund announced a monthly dividend on Wednesday, June 23rd. Stockholders of record on Friday, September 17th will be given a dividend of $0.19 per share on Thursday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend is Thursday, September 16th.
View Reaves Utility Income Fund's dividend history.

Reaves Utility Income Fund pays an annual dividend of $2.04 per share and currently has a dividend yield of 0.07%.
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Some companies that are related to Reaves Utility Income Fund include Adams Diversified Equity Fund (ADX), BlackRock Health Sciences Trust (BME), Calamos Global Dynamic Income Fund (CHW), Cohen & Steers Quality Income Realty Fund (RQI), Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD), Nuveen Tax-Advantaged Total Return Strategy Fund (JTA) and The Gabelli Dividend & Income Trust (GDV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Reaves Utility Income Fund investors own include Paychex (PAYX), AT&T (T), AbbVie (ABBV), New Residential Investment (NRZ), Arbor Realty Trust (ABR), Brookfield Property Partners (BPY), Main Street Capital (MAIN), Enterprise Products Partners (EPD), Verizon Communications (VZ) and Altria Group (MO).

Reaves Utility Income Fund trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "UTG."

Reaves Utility Income Fund's stock is owned by many different institutional and retail investors. Top institutional shareholders include Focused Wealth Management Inc (0.00%), Good Life Advisors LLC (0.00%), Ahrens Investment Partners LLC (0.00%), DAVENPORT & Co LLC (0.00%), Valeo Financial Advisors LLC (0.00%) and Armor Investment Advisors LLC (0.00%). Company insiders that own Reaves Utility Income Fund stock include Joseph Burns Rhame III and Louis Francisco Cimino.
View institutional ownership trends for Reaves Utility Income Fund.

UTG stock was sold by a variety of institutional investors in the last quarter, including Capital Investment Advisory Services LLC, DAVENPORT & Co LLC, Sterling Investment Advisors Ltd., and Good Life Advisors LLC.
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UTG stock was bought by a variety of institutional investors in the last quarter, including Valeo Financial Advisors LLC, Brookstone Capital Management, Ahrens Investment Partners LLC, Atlas Brown Inc., Stratos Wealth Partners LTD., Breiter Capital Management Inc., Armor Investment Advisors LLC, and Wedbush Securities Inc.. Company insiders that have bought Reaves Utility Income Fund stock in the last two years include Joseph Burns Rhame III, and Louis Francisco Cimino.
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Shares of UTG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UTG stock can currently be purchased for approximately $35.13.

The official website for Reaves Utility Income Fund is www.utilityincomefund.com.

Reaves Utility Income Fund is headquartered at PO Box 328, DENVER, CO 80201-0328, United States.

Reaves Utility Income Fund's mailing address is PO Box 328, DENVER, CO 80201-0328, United States. The closed-end fund can be reached via phone at 800-975-8395.