The Gabelli Utility Trust
GUT-PC
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mario Joseph Gabelli
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Corporate Center Rye NY United States of America 10580-1422
- IPO Date
- Jul 7, 2016
- CIK
- 0001080720
- Website
- gabelli.com
- Similar Companies
- Business
- The Gabelli Utility Trust (NYSE: GUT, GUT-PC) is a closed-end, diversified management investment company that seeks long-term growth of capital and income by investing primarily in common stocks and other securities of foreign and domestic companies involved in the utility industry; these include providers of products, services, or equipment for the generation, transmission, or distribution of electricity, gas, water, solar, and telecommunications services or infrastructure operations. Under normal market conditions, the Fund invests at least 80% of its net assets in such utility-related securities, where a company qualifies if it derives at least 50% of its revenues, earnings, or assets from these activities; its portfolio spans companies across market capitalizations, with top holdings including NextEra Energy Inc., WEC Energy Group Inc., Xcel Energy Inc., ONEOK Inc., and Evergy Inc. The Fund benchmarks its performance against the S&P 500 Utilities Index, Lipper Utility Fund Average, and S&P 500 Index and employs leverage to enhance returns, resulting in a gross expense ratio of 1.5% and net expense ratio of 1.3%; it trades on the New York Stock Exchange and maintains a policy of fixed monthly cash distributions, recently declaring $0.05 per share for January, February, and March 2026. Launched on July 9, 1999, and headquartered at One Corporate Center in Rye, New York, the Trust is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., with a team led by Chairman, Chief Investment Officer, and Portfolio Manager Mario J. Gabelli, CFA, alongside Portfolio Managers Timothy M. Winter, CFA, Justin Bergner, CFA, and Simon T. Wong, CFA. In recent developments, the Fund's parent organization GAMCO announced a strategic partnership with Keeley's Asset and Wealth Management Services in May 2025 to enhance service offerings and client alignment; the Trust continued its monthly distribution policy amid a market premium to net asset value, reflecting investor confidence, while its portfolio benefited from strong performers like Vistra Corp. (added in May 2024) amid artificial intelligence-driven power demand growth as of the December 31, 2024 annual report. The Fund operates globally, targeting institutional, intermediary, offshore, private wealth, and retail investors in the asset management sector.