Cohen & Steers vs Reaves Utility Income Fund

This page compares Cohen & Steers, Inc. and Reaves Utility Income Fund to illuminate how their business models, financial performance, and market context differ. It presents neutral explanations of objectives, strategies, and risk considerations to help readers understand both approaches. Educational content, not financial advice.

This page compares Cohen & Steers, Inc. and Reaves Utility Income Fund to illuminate how their business models, financial performance, and market context differ. It presents neutral explanations of ob...

Comparison Snapshot

Key Financial Metrics

CNS

Metric

UTG

$3.50B

Market Cap

$3.37B

11.01%

Potential Profit

N/A

Hold

Analyst Rating

N/A

Investment Analysis

Cohen & Steers

CNS

Pros

Cohen & Steers maintains a strong profitability profile with a high net margin and return on equity, reflecting efficient management and robust earnings.
The firm offers a consistent dividend yield above 3%, supported by recurring management fees from a diversified client base across funds and institutions.
Cohen & Steers is a leader in real estate securities and alternative income strategies, benefiting from global real asset exposure and a long-standing industry reputation.

Considerations

The company's performance is highly sensitive to commercial real estate market cycles, which can lead to volatility in assets under management and fee income.
Managed assets have declined year-on-year and remain well below peak levels, raising concerns about growth momentum and investor sentiment.
Valuation multiples are relatively high compared to broader market averages, which may limit upside potential in a rising interest rate environment.

Reaves Utility Income Fund

UTG

Pros

Reaves Utility Income Fund delivers a high dividend yield above 6%, appealing to income-focused investors seeking regular monthly distributions.
The fund's portfolio is concentrated in the utilities sector, which tends to be defensive and less volatile during economic downturns.
Closed-end structure allows for strategic use of leverage, potentially enhancing returns compared to traditional open-end utility funds.

Considerations

The fund carries a relatively high expense ratio, which can erode net returns for shareholders over time.
Performance is closely tied to interest rate movements and regulatory changes affecting the utility sector, creating macroeconomic sensitivity.
Share price can trade at a significant premium or discount to net asset value due to secondary market dynamics, introducing valuation risk.

About The Companies

Cohen & Steers (CNS)

Cohen & Steers, Inc. (NYSE: CNS) is a specialist investment manager focused on real estate securities, real assets and preferred securities. It operates a suite of mutual funds, closed‑end funds, ETFs and institutional strategies that generate fee income tied to assets under management (AUM). With a market capitalisation around $3.61 billion, the company’s revenue is sensitive to market valuations and investor flows — rising markets and net inflows tend to boost fees, while outflows and falling asset prices can reduce them. Strengths include niche expertise in property-related markets and a diversified product range that serves both retail and institutional clients. Key risks include interest‑rate sensitivity, property market cycles, fee compression and competition from passive products. This summary is educational and not personalised advice; investors should be aware that share prices can fall as well as rise and consider their own risk tolerance or seek regulated financial advice.

Reaves Utility Income Fund (UTG)

The Reaves Utility Income Fund (UTG) is a closed-end investment fund designed for those interested in the utilities sector. Its main goal is to provide investors with a high level of income, primarily from dividends, alongside longer-term capital growth. To achieve this, the fund typically invests at least 80% of its assets in the dividend-paying shares of companies within the utility industry. This includes firms involved in generating or distributing electricity, gas, and water, as well as those in telecommunications and infrastructure like toll roads and airports. It's important for potential investors to know that the fund may also invest in lower-grade bonds, which can carry higher risk. As with any investment, the fund's value can go down as well as up, and past performance is not a guide to future returns.

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Comparison Snapshot