Artisan Partners Asset Management (APAM) vs Reaves Utility Income Fund (UTG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Reaves Utility Income Fund is the larger company by market cap ($3.31 billion vs $2.39 billion), about 1.4 times the size. On valuation, Reaves Utility Income Fund trades at a lower trailing P/E (2.6x vs 8.1x for Artisan Partners Asset Management). Artisan Partners Asset Management offers the higher dividend yield (10.28% vs 6.58%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | APAM | UTG |
|---|---|---|
| Share price | $33.65 | $36.19 |
| Market cap | $2.39B | $3.31B |
| 1-day change | -0.30% | -1.12% |
| YTD return | -17.16% | — |
| 1-year return | -22.45% | — |
| 5-year return | -28.54% | — |
| P/E ratio (TTM) | 8.11 | 2.62 |
| Forward P/E | 8.69 | — |
| EPS (TTM) | $4.15 | $13.80 |
| Dividend yield | 10.28% | 6.58% |
| Annual dividend | $3.46 | $2.38 |
| Revenue (latest FY) | $1.20B | — |
| Revenue growth (YoY) | +7.63% | — |
| Net income (latest FY) | $290.32M | — |
| Operating margin | 33.39% | — |
| Net margin | 24.26% | — |
| 52-week high | $46.53 | $43.90 |
| 52-week low | $33.03 | $33.53 |
| Distance from 52-week high | -27.68% | -17.56% |
| Analyst consensus | hold | — |
| Avg. price target upside | +14.41% | — |
| Average volume | 945.84K | 311.23K |
| Shares outstanding | 71.00M | 91.43M |
| Employees | 567 | — |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Artisan Partners Asset Management trades at a higher earnings multiple (8.1x vs 2.6x trailing P/E).
- Artisan Partners Asset Management offers a meaningfully higher dividend yield (10.28% vs 6.58%).
About Artisan Partners Asset Management
APAM stock →Artisan Partners Asset Management Inc. is publicly owned investment manager.
Finance · Investment Managers · 567 employees
About Reaves Utility Income Fund
UTG stock →Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H.
Finance · Investment Managers
APAM vs UTG FAQ
Which is bigger, Artisan Partners Asset Management or Reaves Utility Income Fund?
Reaves Utility Income Fund (UTG) is larger, with a market capitalization of $3.31B compared with $2.39B for Artisan Partners Asset Management (APAM).
Which has the lower P/E ratio, APAM or UTG?
UTG has the lower trailing P/E at 2.6, versus 8.1 for APAM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Artisan Partners Asset Management or Reaves Utility Income Fund?
Artisan Partners Asset Management has the higher yield at 10.28%, compared with 6.58% for Reaves Utility Income Fund.
Are Artisan Partners Asset Management and Reaves Utility Income Fund in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.