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Gabelli Utility Trust

NYSE:GUT
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GUT
NYSE
$359M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • Gabelli Utility Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
GUT Share Price and Events
7 Day Returns
-3.6%
NYSE:GUT
3.1%
US Capital Markets
1.6%
US Market
1 Year Returns
8.1%
NYSE:GUT
-11%
US Capital Markets
3.2%
US Market
GUT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gabelli Utility Trust (GUT) -3.6% 2% 8.9% 8.1% 7.4% 0.5%
US Capital Markets 3.1% 1% 11.6% -11% 57.3% 58.2%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • GUT outperformed the Capital Markets industry which returned -11% over the past year.
  • GUT outperformed the Market in United States of America which returned 3.2% over the past year.

GUT Value

 Is Gabelli Utility Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gabelli Utility Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gabelli Utility Trust.

NYSE:GUT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $5.34 * 5.3%
$0.28
Book Value of Equity per Share Median Book Value from the past 5 years. $5.34
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:GUT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 21%) (0%))
1.104
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.104 * 5.96%)
9.31%

Discounted Cash Flow Calculation for NYSE:GUT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Gabelli Utility Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:GUT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.3% – 9.31%) * $5.34)
$-0.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.21 / (9.31% - 2.73%)
$-3.25
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $5.34 + $-3.25
$2.09
NYSE:GUT Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.09
Current discount Discount to share price of $6.70
= -1 x ($6.70 - $2.09) / $2.09
-221.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Gabelli Utility Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gabelli Utility Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gabelli Utility Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:GUT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.20
NYSE:GUT Share Price ** NYSE (2019-03-19) in USD $6.7
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.96x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gabelli Utility Trust.

NYSE:GUT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GUT Share Price ÷ EPS (both in USD)

= 6.7 ÷ -0.20

-33.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gabelli Utility Trust is loss making, we can't compare its value to the US Capital Markets industry average.
  • Gabelli Utility Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Gabelli Utility Trust's expected growth come at a high price?
Raw Data
NYSE:GUT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -33.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.21x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gabelli Utility Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gabelli Utility Trust's assets?
Raw Data
NYSE:GUT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.61
NYSE:GUT Share Price * NYSE (2019-03-19) in USD $6.7
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NYSE:GUT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GUT Share Price ÷ Book Value per Share (both in USD)

= 6.7 ÷ 4.61

1.45x

* Primary Listing of Gabelli Utility Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gabelli Utility Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Gabelli Utility Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Gabelli Utility Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GUT Future Performance

 How is Gabelli Utility Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gabelli Utility Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gabelli Utility Trust expected to grow at an attractive rate?
  • Unable to compare Gabelli Utility Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gabelli Utility Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Gabelli Utility Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:GUT Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:GUT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:GUT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 10 -11
2018-09-30 10 -3
2018-06-30 9 5
2018-03-31 9 13
2017-12-31 9 21
2017-09-30 9 13
2017-06-30 9 6
2017-03-31 9 23
2016-12-31 9 41
2016-09-30 9 47
2016-06-30 9 52
2016-03-31 9 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gabelli Utility Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Gabelli Utility Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:GUT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Gabelli Utility Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GUT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.20
2018-09-30 -0.06
2018-06-30 0.09
2018-03-31 0.24
2017-12-31 0.47
2017-09-30 0.30
2017-06-30 0.13
2017-03-31 0.54
2016-12-31 0.95
2016-09-30 1.07
2016-06-30 1.21
2016-03-31 0.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gabelli Utility Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Gabelli Utility Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gabelli Utility Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GUT Past Performance

  How has Gabelli Utility Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gabelli Utility Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gabelli Utility Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Gabelli Utility Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gabelli Utility Trust's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Gabelli Utility Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gabelli Utility Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GUT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 10.15 -10.70 3.95
2018-09-30 9.61 -3.00 4.07
2018-06-30 9.07 4.70 4.20
2018-03-31 9.15 12.64 4.26
2017-12-31 9.23 20.58 4.32
2017-09-30 9.14 13.11 4.22
2017-06-30 9.05 5.64 4.12
2017-03-31 8.92 23.42 4.07
2016-12-31 8.79 41.20 4.02
2016-09-30 8.84 46.58 3.73
2016-06-30 8.90 51.97 3.43
2016-03-31 8.87 16.62 3.30
2015-12-31 8.85 -18.73 3.18
2015-09-30 8.96 -19.45 3.45
2015-06-30 9.06 -20.17 3.72
2015-03-31 9.15 6.17 3.87
2014-12-31 9.23 32.51 4.03
2014-09-30 9.07 42.47 3.93
2014-06-30 8.90 52.43 3.84
2014-03-31 9.18 48.73 3.80
2013-12-31 9.45 45.02 3.75
2013-09-30 9.46 34.11 3.51
2013-06-30 9.47 23.20 3.28
2013-03-31 8.67 15.53 3.05
2012-12-31 7.87 7.87 2.83
2012-09-30 7.86 10.90 2.93
2012-06-30 7.85 13.93 3.02
2012-03-31 7.95 21.89 3.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Gabelli Utility Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Gabelli Utility Trust has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Gabelli Utility Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Gabelli Utility Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gabelli Utility Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GUT Health

 How is Gabelli Utility Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gabelli Utility Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gabelli Utility Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gabelli Utility Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gabelli Utility Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 281.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gabelli Utility Trust Company Filings, last reported 2 months ago.

NYSE:GUT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 348.45 0.02 2.14
2018-09-30 348.45 0.02 2.14
2018-06-30 368.72 0.00 0.01
2018-03-31 368.72 0.00 0.01
2017-12-31 336.16 0.00 0.00
2017-09-30 336.16 0.00 0.00
2017-06-30 338.65 0.00 0.00
2017-03-31 338.65 0.00 0.00
2016-12-31 337.83 0.00 0.00
2016-09-30 337.83 0.00 0.00
2016-06-30 355.07 0.00 0.00
2016-03-31 355.07 0.00 0.00
2015-12-31 270.51 0.00 0.00
2015-09-30 270.51 0.00 0.00
2015-06-30 276.88 0.00 2.07
2015-03-31 276.88 0.00 2.07
2014-12-31 311.04 0.00 0.02
2014-09-30 311.04 0.00 0.02
2014-06-30 318.85 0.00
2014-03-31 318.85 0.00
2013-12-31 300.39 0.00 0.06
2013-09-30 300.39 0.00 0.06
2013-06-30 288.27 0.00 0.00
2013-03-31 288.27 0.00 0.00
2012-12-31 277.07 0.00 0.72
2012-09-30 277.07 0.00 0.72
2012-06-30 230.78 0.00 1.00
2012-03-31 230.78 0.00 1.00
  • Gabelli Utility Trust's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0% vs 0% today).
  • Unable to verify if debt is well covered by operating cash flow as Gabelli Utility Trust has not reported sufficient balance sheet data.
  • Gabelli Utility Trust is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Gabelli Utility Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gabelli Utility Trust has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GUT Dividends

 What is Gabelli Utility Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.96%
Current annual income from Gabelli Utility Trust dividends.
If you bought $2,000 of Gabelli Utility Trust shares you are expected to receive $179 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gabelli Utility Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Gabelli Utility Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Upcoming dividend payment

Purchase Gabelli Utility Trust on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:GUT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:GUT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-22 0.600 8.867
2018-11-16 0.600 9.572
2018-08-22 0.600 10.105
2018-05-17 0.600 10.268
2017-11-17 0.600 9.013
2017-08-25 0.600 8.496
2017-05-18 0.600 8.618
2017-02-23 0.600 8.930
2016-11-18 0.600 9.389
2016-08-17 0.600 9.098
2016-05-19 0.600 8.984
2016-02-25 0.600 9.664
2015-11-19 0.600 10.369
2015-08-20 0.600 10.235
2015-05-21 0.600 9.310
2015-02-17 0.600 8.382
2014-11-20 0.600 8.202
2014-08-21 0.600 8.393
2014-05-14 0.600 8.345
2014-02-27 0.600 8.878
2013-11-21 0.600 9.301
2013-08-22 0.600 9.365
2013-05-17 0.600 9.099
2013-02-28 0.600 8.728
2012-11-19 0.600 9.105
2012-08-16 0.600 7.802
2012-05-17 0.600 7.405
2012-03-01 0.600 7.489
2011-11-17 0.600 7.791
2011-08-18 0.600 8.668
2011-05-26 0.600 8.573
2011-02-17 0.600 8.917
2010-11-18 0.600 9.231
2010-10-14 0.720 10.840
2010-05-20 0.720 10.035
2010-02-25 0.720 9.103
2009-11-19 0.720 8.585
2009-08-20 0.720 9.545
2009-05-21 0.720 10.496
2009-03-20 0.720 12.116

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Gabelli Utility Trust's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gabelli Utility Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gabelli Utility Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gabelli Utility Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GUT Management

 What is the CEO of Gabelli Utility Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bruce Alpert
AGE 66
CEO Bio

Mr. Bruce N. Alpert, CPA, has been a Senior Vice President of GAMCO Investors Inc. since May 2008. Mr. Alpert served as Vice President and Chief Operating Officer of Gabelli Funds, LLC or its predecessor from 1988 to 1999, and became Executive Vice President and Chief Operating Officer of Gabelli Funds, LLC in 1999. Since 1989, Mr. Alpert has been a Vice President of G.research, LLC, a subsidiary of Associated Capital Group, Inc. Mr. Alpert is an officer of certain of the Gabelli/GAMCO Funds. Mr. Alpert also served as a director of Teton Advisors, Inc. from 1998 through May 2012, and was its President from 1998 through 2008 and Chairman from 2008 through 2010. He served as Chief Compliance Officer of the Gabelli/GAMCO Funds and Gabelli Funds, LLC from 2012 through 2014. From 1986 until June 1988, he worked at the InterCapital Division of Dean Witter as Vice President and Treasurer of the mutual funds sponsored by Dean Witter. From 1983 through 1986, he worked at Smith Barney Harris Upham & Co. (“Smith Barney”) as Vice President in the Financial Services Division and as Vice President and Treasurer of the mutual funds sponsored by Smith Barney. Prior to Smith Barney, Mr. Alpert was an Audit Manager and Specialist at Price Waterhouse in the Investment Company Industry Services Group, where he was employed from 1975 through 1983. Mr. Alpert is a Certified Public Accountant.

CEO Compensation
  • Insufficient data for Bruce to compare compensation growth.
  • Insufficient data for Bruce to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Gabelli Utility Trust management team in years:

6.2
Average Tenure
62
Average Age
  • The average tenure for the Gabelli Utility Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Schachter

TITLE
Vice President
COMPENSATION
$80K
AGE
65
TENURE
20.2 yrs

Mario Gabelli

TITLE
Portfolio Manager
AGE
75

Bruce Alpert

TITLE
Executive Vice President & Chief Operating Officer
AGE
66

Agnes Mullady

TITLE
President & Chief Operating Officer of the Open-End Fund Division & Vice President
AGE
59

Richard Walz

TITLE
Chief Compliance Officer
AGE
59
TENURE
6.2 yrs

Andrea Mango

TITLE
Secretary
AGE
45
TENURE
6.2 yrs
Board of Directors Tenure

Average tenure and age of the Gabelli Utility Trust board of directors in years:

20.2
Average Tenure
78
Average Age
  • The average tenure for the Gabelli Utility Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Salvatore Zizza

TITLE
Independent Trustee
COMPENSATION
$16K
AGE
73
TENURE
20.2 yrs

Anthony Pustorino

TITLE
Independent Trustee
COMPENSATION
$17K
AGE
92
TENURE
20.2 yrs

James Conn

TITLE
Lead Independent Trustee
COMPENSATION
$15K
AGE
80

Robert Morrissey

TITLE
Independent Trustee
COMPENSATION
$13K
AGE
78
TENURE
20.2 yrs

John Gabelli

TITLE
AGE
73
TENURE
20.2 yrs

Frank Fahrenkopf

TITLE
Independent Trustee
COMPENSATION
$13K
AGE
79
TENURE
20.2 yrs

Vincent Enright

TITLE
Independent Trustee
COMPENSATION
$15K
AGE
74
TENURE
20.2 yrs

Anthony Colavita

TITLE
Independent Trustee
COMPENSATION
$15K
AGE
83
TENURE
20.2 yrs

Kuni Nakamura

TITLE
Independent Trustee
COMPENSATION
$13K
AGE
50
TENURE
6.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. May 18 Sell James Conn Individual 22. May 18 22. May 18 -1,000 $0.04 $-40
16. May 18 Sell GAMCO Investors, Inc. Company 14. May 18 14. May 18 -272,000 $0.05 $-14,307
26. Apr 18 Sell Merrill Lynch & Co. Inc., Banking Investments Company 24. Apr 18 24. Apr 18 -4 $0.04 $0
26. Apr 18 Buy Merrill Lynch & Co. Inc., Banking Investments Company 24. Apr 18 24. Apr 18 4 $0.04 $0
X
Management checks
We assess Gabelli Utility Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gabelli Utility Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GUT News

Simply Wall St News

GUT Company Info

Description

The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It makes its investments in stocks of companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, telecommunications services, and infrastructure operations. The fund invests in stocks of companies across market capitalization. It benchmarks the performance of its portfolio against S&P 500 Utilities Index, Lipper Utility Fund Average, and S&P 500 Index. The Gabelli Utility Trust was formed on July 9, 1999 and is domiciled in United States.

Details
Name: The Gabelli Utility Trust
GUT
Exchange: NYSE
Founded: 1999
$359,125,795
53,600,865
Website: http://www.gabelli.com/Template/fundinfo.cfm?tid=NDRiZjk=&bid=MmMzNQ==&mid=OWEyMA==&num=ZDQzOQ==&kid=MzM4ZDI=&fid=YjBiNA==&rid=311-=edoc_dnuf
Address: The Gabelli Utility Trust
One Corporate Center,
Rye,
New York, 10580-1422,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GUT Common Shares New York Stock Exchange US USD 29. Jun 1999
NYSE GUT.PRA PFD A 5.625% New York Stock Exchange US USD 04. Aug 2003
NYSE GUT.PRC PFD CUM SER C New York Stock Exchange US USD 27. May 2016
Number of employees
Current staff
Staff numbers
0
Gabelli Utility Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:48
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.