UTG Stock Summary and Trading Ideas (Reaves Util Income | AMEX:UTG)

The Fund's objective is to provide a high level of after-tax total return consisting primarily of tax-advantaged dividend income and capital appreciation. It intends to invest at least 80% of its total assets in dividend-paying common and preferred stocks and debt instruments of companies within the utility industry. The remaining 20% of its assets may be invested in other securities including stocks, money market instruments and debt instruments, as well as certain derivative instruments in the utility industry or other industries.

Reaves Util Income trades on the AMEX stock market under the symbol UTG.

As of May 3, 2024, UTG stock price climbed to $26.66 with 288,145 million shares trading.

UTG has a beta of 0.75, meaning it tends to be less sensitive to market movements. UTG has a correlation of 0.28 to the broad based SPY ETF.

UTG has a market cap of $2.06 billion. This is considered a Mid Cap stock.

In the last 3 years, UTG stock traded as high as $36.50 and as low as $23.24.

UTG has underperformed the market in the last year with a price return of +2.0% while the SPY ETF gained +27.0%. UTG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.1% and +3.0%, respectively, while the SPY returned +3.7% and +3.3%, respectively.

UTG support price is $26.28 and resistance is $26.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UTG stock will trade within this expected range on the day.