# Reaves Utility Income Fund Common Shares of Beneficial Interest (UTG) fundamentals

Data as of 2026-09-08. AMEX, United States. Sector: Financial Services / Capital Markets. Price $38.30, market value $3.5 billion.

## Valuation
- **P/E (trailing): 2.8×** (5-yr avg 2.8×, 3-yr avg 2.8×). Reaves Utility Income Fund Common Shares of Beneficial Interest trades at 2.8× trailing earnings, close to its own five-year average of 2.8×. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 4.5×**. Each dollar of revenue is priced at 4.5×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -3.3%** (5-yr avg -5.6%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 36.1%**. The inverse of the P/E: 36.1% of the price is earned each year.

## Profitability
- **Net margin: 99.2%**. 99.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 21.8%**. 21.8% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 17.5%**. Each dollar of assets produces 17.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -10.9%**. Revenue fell 10.9% over the last year.

## Dividends
- **Dividend yield: 6.58%** ($2.38 per share, trailing). Reaves Utility Income Fund Common Shares of Beneficial Interest yields 6.58%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 26%**. 26% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 8**. 8 straight years of increases.
- **Dividend growth (5 yr): 1.7%/yr** (1-yr 3.1%). The dividend has grown 1.7% a year over five years.
- **Shareholder yield: 3.8%**. Dividends plus net buybacks return 3.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): 8.6%** (YTD 7.8%, 3-mo -5.6%). The shares are up 8.6% over twelve months including dividends.
- **From 52-week high: -12.8%** (7.0% above the low). Trading 13% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.66** (volatility 18%). Beta of 0.66 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=UTG · Page: https://foliofundamentals.com/stocks/utg

Not investment advice.