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UTF

Cohen & Steers Infrastructure FundNYSE:UTF Stock Report

Last Price

US$27.54

Market Cap

US$2.6b

7D

-2.9%

1Y

1.7%

Updated

16 Jan, 2022

Data

Company Financials
UTF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends4/6

UTF Stock Overview

Cohen & Steers Infrastructure Fund, Inc. is a closed-end equity fund launched by Cohen & Steers, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Cohen & Steers Infrastructure Fund
Historical stock prices
Current Share PriceUS$27.54
52 Week HighUS$29.95
52 Week LowUS$24.81
Beta1.02
1 Month Change0.33%
3 Month Change-1.04%
1 Year Change1.74%
3 Year Change24.17%
5 Year Change36.40%
Change since IPO37.63%

Recent News & Updates

Nov 30

UTF: Benefit From Infrastructure Spending With A Best-In-Class CEF

UTF is a closed-end fund that utilizes a utilities-focused portfolio to drive current income and total return. The fund is managed by Cohen & Steers and has a two-decade track record. Infrastructure spending will benefit the portfolio as America looks to spend $1 trillion on projects across the country. We dive into the fund and discuss UTF’s current outlook.

Sep 07

Where Fundamentals Meet Technicals: UTF - Yield 6.32%

UTF provides a diversified opportunity in utilities and infrastructure. Demand for the services of these companies is non-discretionary. Utilities offer a defensive investment strategy. UTF pays a monthly dividend. Biden's Massive Infrastructural bill should be tremendously beneficial to the utilities and infrastructure companies in UTF.

Jul 29

UTF: Opportunities, Risk Assessment, And Hedging

The Cohen & Steers Infrastructure Fund (UTF) is a popular choice for income investors through investment in securities issued by infrastructure companies. The fund provides an attractive ~6.7% of distribution rate, and potential growth opportunities with the Biden’s administration’s undergoing bill to invest in American infrastructure. However, the fund has also suffered large volatility during market turmoil, partially due to its use of leverage as a close-end fund. This article shows that by adding some diversification, such volatility risks can be hedged away substantially.

Jul 12

Evaluating CEFs: UTF Provides Dependable Income

UTF has a 6.55% yield that is quite attractive if the distribution can be maintained. I continue my series on CEFs where I look beyond the yield with a long-time favorite of mine, UTF. UTF has a great track record of increasing the NAV, only 1 distribution cut during the GFC, and a well-supported distribution.

Jun 17

UTF: Opportunities And My Reservations

The Cohen&Steers Infrastructure Fund is a popular choice for income investors through investment in securities issued by infrastructure companies. The fund currently features about 6.8% of distribution rate, and the infrastructure sector has demonstrated consistent ability for stable income and dividend. The Biden administration's undergoing bill to invest in American infrastructure, if materialized, will also benefit the sector. However, I hold some reservations for entry at this point due to the low distribution yield and low yield spread from a historical perspective.

Shareholder Returns

UTFUS Capital MarketsUS Market
7D-2.9%-1.6%-0.5%
1Y1.7%30.2%13.7%

Return vs Industry: UTF underperformed the US Capital Markets industry which returned 30.2% over the past year.

Return vs Market: UTF underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is UTF's price volatile compared to industry and market?
UTF volatility
UTF Average Weekly Movement1.7%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: UTF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: UTF's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aAdam Derechinhttps://www.cohenandsteers.com/funds/details/infrastructure-fund

Cohen & Steers Infrastructure Fund, Inc. is a closed-end equity fund launched by Cohen & Steers, Inc. The fund is managed by Cohen & Steers Capital Management, Inc. It invests in public equity markets of the United States. The fund invests primarily in value stocks of infrastructure companies across all market capitalizations. It employs fundamental analysis to make its investments.

Cohen & Steers Infrastructure Fund Fundamentals Summary

How do Cohen & Steers Infrastructure Fund's earnings and revenue compare to its market cap?
UTF fundamental statistics
Market CapUS$2.58b
Earnings (TTM)US$549.71m
Revenue (TTM)US$93.91m

4.7x

P/E Ratio

27.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UTF income statement (TTM)
RevenueUS$93.91m
Cost of RevenueUS$0
Gross ProfitUS$93.91m
Expenses-US$455.80m
EarningsUS$549.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.87
Gross Margin100.00%
Net Profit Margin585.35%
Debt/Equity Ratio38.0%

How did UTF perform over the long term?

See historical performance and comparison

Valuation

Is Cohen & Steers Infrastructure Fund undervalued compared to its fair value and its price relative to the market?

4.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UTF ($27.54) is trading above our estimate of fair value ($18.14)

Significantly Below Fair Value: UTF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UTF is good value based on its PE Ratio (4.7x) compared to the US Capital Markets industry average (15.9x).

PE vs Market: UTF is good value based on its PE Ratio (4.7x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UTF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: UTF is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.4x).

Future Growth

How is Cohen & Steers Infrastructure Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.7%

Forecasted Diversified Financials industry annual growth in earnings


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 Cohen & Steers Infrastructure Fund 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 SimplyWall St do have past financial data.

Past Performance

How has Cohen & Steers Infrastructure Fund performed over the past 5 years?

-1.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UTF has a large one-off gain of $498.8M impacting its June 30 2021 financial results.

Growing Profit Margin: UTF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: UTF's earnings have declined by 1.5% per year over the past 5 years.

Accelerating Growth: UTF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: UTF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: UTF's Return on Equity (22%) is considered high.

Financial Health

How is Cohen & Steers Infrastructure Fund's financial position?


Financial Position Analysis

Short Term Liabilities: UTF's short term assets ($61.0M) do not cover its short term liabilities ($975.5M).

Long Term Liabilities: UTF's short term assets ($61.0M) exceed its long term liabilities ($526.2K).


Debt to Equity History and Analysis

Debt Level: UTF's net debt to equity ratio (37.9%) is considered satisfactory.

Reducing Debt: UTF's debt to equity ratio has reduced from 40.6% to 38% over the past 5 years.

Debt Coverage: UTF's debt is not well covered by operating cash flow (8.8%).

Interest Coverage: UTF's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet

Dividend

What is Cohen & Steers Infrastructure Fund current dividend yield, its reliability and sustainability?

6.75%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 17 2022Ex Dividend DateFeb 15 2022Dividend Pay DateFeb 28 202213 days from Ex DividendBuy in the next 28 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: UTF's dividend (6.75%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: UTF's dividend (6.75%) is in the top 25% of dividend payers in the US market (3.44%)


Stability and Growth of Payments

Stable Dividend: UTF's dividend payments have been volatile in the past 10 years.

Growing Dividend: UTF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.7%), UTF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

21.0yrs

Average board tenure


CEO

Adam Derechin (56 yo)

no data

Tenure

Mr. Adam M. Derechin, CFA, serves as the Chief Operating Officer and Executive Vice President at Cohen & Steers Capital Management, Inc. Mr. Derechin serves as the President and Chief Executive Officer at...


Board Members

Experienced Board: UTF's board of directors are seasoned and experienced ( 21 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: UTF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cohen & Steers Infrastructure Fund, Inc's employee growth, exchange listings and data sources


Key Information


Location

  • Cohen & Steers Infrastructure Fund, Inc
  • 280 Park Avenue
  • 10th Floor
  • New York
  • New York
  • 10017-1216
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:27
End of Day Share Price2022/01/14 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.