GUT News and Press, Gabelli Utility Trust From 07/11/21

It looks like the start of a "very long and hot summer" in California, as a wildfire raging across southern Oregon has knocked out three electrical lines that are vital to the stability of grids in the western U.S., prompting California's grid operator to warn of rotating blackouts and Nevada...

Strategas Head of Technical Strategy Chris Verrone takes us through some market insights. The trend of this market is up, but momentum has started to soften under the surface. Over the last few months, participation has narrowed a little as fewer stocks move higher along with the mark...

20 out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. MLPs lead, while commodities lag. Covered call increased most in premium/discount valuation last week. For further details see: Weekly Closed-End Fund Roundup: June 13, 2021

Gargolas/iStock via Getty Images The integration of new power technologies may cause short-term discomfort but will launch a "wonderful transformation towards a cleaner power grid for society" within a decade, says Mark Ahlstrom, VP of renewable energy policy at NextEra Energy (NEE). Integrat...

Gargolas/iStock via Getty Images Shares of power producers ([[XLU]] -1.5%) sank across the board today as the Federal Reserve flagged an earlier than planned interest rate increase. The yield on benchmark 10-year U.S. Treasurys surged by the most since February to 1.57% from a near three...

We recently touched on rights offerings and tender offers, and today we'll discuss at-the-market offerings. These can be beneficial for fund sponsors/managers and investors at the same time. They help increase NAV because they are done only at premiums, therefore are accretive to ...

During the pandemic lockdown in the first half of 2020, only three S&P 500 sectors saw positive earnings and revenue growth for Q1 and Q2 ’20. In Q1 ’21, Technology has grown EPS and revenue 53% and 21%, respectively. Once Q2 ’21 earnings start in mid-July...

There are several dates a closed-end fund investor should watch for when a CEF they own start a rights offering. Rights offerings are typically disruptive to the price and a dip in price is typical. We usually suggest to sell out of the fund when it is made clear they are going to...

The largest U.S. power grid operator says it procured resources in its capacity auction for 2022-23 at $50/MW-day, 64% lower than the $140/MW-day set in the most recent auction in 2018.PJM Interconnection, which serves more than 65M people between New Jersey and Illinois, says prices in this ...

Nineteen out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. MLPs lead while munis lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: May 2, 2021