profit from every $100 of sales.
$0$100
Reaves Utility Income Fund
$34.01-0.26% today
-8.2% in 1 year
1-year low $32.371-year high $43.66
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2024 to 2025.
0%20% a year
You pay $4.07 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Reaves Utility Income Fund sold, what it kept, and what it did with the cash.
Sales went from -$214 million in 2022 to $775 million in 2025, with $769 million of profit last year.
SalesProfit
Reaves Utility Income Fund vs. similar companies
Reaves Utility Income Fund grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Reaves Utility Income Fund | 4.1× · Cheap | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads Reaves Utility Income Fund's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -214 | -70 | 870 | 775 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| -222 | -74 | 865 | 769 | |
| -3.10 | -0.90 | 10.35 | – | |
| – | – | – | – | |
| – | – | – | – | |
| 103.5% | 106.4% | 99.4% | 99.2% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,498 | 2,425 | 3,514 | 4,402 |
| Cash | 1 | 1 | – | – |
| Total debt | 500 | 520 | 650 | 875 |
| Total liabilities | 503 | 532 | 653 | 879 |
| 1,995 | 1,894 | 2,861 | 3,523 | |
| 72 | 83 | – | – | |
| – | – | – | – | |
| -11.1% | -3.9% | 30.2% | 21.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -111 | 5 | -233 | -114 | |
| – | – | – | – | |
| -111 | 5 | -233 | -114 | |
| Dividends paid | 152 | 162 | 179 | 203 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 4.1×
- –
- –
- 0.9×
- 4.0×
- –
- –
- -3.7%
- 24.6%
- 5.9%
Profitability
- 22.6%
- 292.4%
- 99.2%
- 292.4%
- 18.3%
- 7.9%
- 23.9%
- 17.5%
- 18.3%
- –
Growth
- −10.9%
- –
- +112.9%
- +1.7%
- +8.0%
Financial health
- 1.1×
- 0.25
- 19.9%
- 40.9×
- 4.08
- 4.08
- 0.06
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 10%of 667
Top 3%of 903
Bottom 10%of 911
Bottom 18%of 939
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Oct 31, 2025 | 7.45 | – | – |
| Apr 2, 2025 | 7.65 | – | – |
| Apr 29, 2024 | 2.70 | – | – |
| Apr 2, 2024 | -3.15 | – | – |
| Apr 30, 2023 | 2.31 | – | – |
| Oct 31, 2022 | -4.11 | – | – |
| Apr 30, 2022 | 1.01 | – | – |
| Oct 31, 2021 | -0.21 | – | – |
5.9%of the share price, paid each year
On $1,000 invested$59a year at today's yield, before tax
+1.7%2020 to 2025
Raised1 yearin a row, in our data
Paid per share, each year
$1.80 in 2015 → $2.35 in 2025
How safe it looks
26.4% of its profit
Room to growStretchedMore than it earns: 674.9%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
46No pass
Benjamin Graham
84Pass
Philip Fisher
43No pass
Peter Lynch
59No pass
Joel Greenblatt
57No pass
Charlie Munger
46No pass
Terry Smith
34No pass
Questions about Reaves Utility Income Fund
Is Reaves Utility Income Fund a good stock to buy?
A strong, very profitable business, and the price looks low. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Reaves Utility Income Fund AI analysis
What does Reaves Utility Income Fund do?
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. It is in Asset Management, based in Jersey City, NJ, United States.
Does Reaves Utility Income Fund pay a dividend?
Yes. At today's price the dividend is 5.9% a year, about 26% of its yearly profit. In 2025 it paid out $203 million in dividends.
Is Reaves Utility Income Fund stock halal?
No. Reaves Utility Income Fund does not pass our halal screen: it looks like an interest-income fund. How we check
How has Reaves Utility Income Fund stock done over the past year?
Down 8.2% over the past twelve months, to $34.01. It traded between $32.37 and $43.66 and is 22.1% below its high.
Who are Reaves Utility Income Fund's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with Reaves Utility Income Fund's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.