Hercules Capital (HTGC) 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 9, 2026.
Summary
Reaves Utility Income Fund is the larger company by market cap ($3.31 billion vs $3.10 billion), about 1.1 times the size. On valuation, Reaves Utility Income Fund trades at a lower trailing P/E (2.6x vs 8.2x for Hercules Capital). Hercules Capital offers the higher dividend yield (9.67% vs 6.58%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HTGC | UTG |
|---|---|---|
| Share price | $16.55 | $36.19 |
| Market cap | $3.10B | $3.31B |
| 1-day change | +1.16% | -1.12% |
| YTD return | -12.06% | — |
| 1-year return | -6.55% | — |
| 5-year return | -5.98% | — |
| P/E ratio (TTM) | 8.23 | 2.59 |
| Forward P/E | 8.41 | — |
| EPS (TTM) | $2.01 | $13.96 |
| Dividend yield | 9.67% | 6.58% |
| Annual dividend | $1.60 | $2.38 |
| Net income (latest FY) | $339.74M | — |
| 52-week high | $19.13 | $43.90 |
| 52-week low | $13.70 | $33.53 |
| Distance from 52-week high | -13.49% | -17.56% |
| Analyst consensus | none | — |
| Avg. price target upside | +17.82% | — |
| Average volume | 1.47M | 311.84K |
| Shares outstanding | 187.16M | 91.43M |
| Employees | 100 | — |
| 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
- Hercules Capital trades at a higher earnings multiple (8.2x vs 2.6x trailing P/E).
- Hercules Capital offers a meaningfully higher dividend yield (9.67% vs 6.58%).
About Hercules Capital
HTGC stock →Hercules Capital, Inc. is a business development company.
Finance · Investment Managers · 100 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
HTGC vs UTG FAQ
Which is bigger, Hercules Capital or Reaves Utility Income Fund?
Reaves Utility Income Fund (UTG) is larger, with a market capitalization of $3.31B compared with $3.10B for Hercules Capital (HTGC).
Which has the lower P/E ratio, HTGC or UTG?
UTG has the lower trailing P/E at 2.6, versus 8.2 for HTGC. 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, Hercules Capital or Reaves Utility Income Fund?
Hercules Capital has the higher yield at 9.67%, compared with 6.58% for Reaves Utility Income Fund.
Are Hercules Capital and Reaves Utility Income Fund in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.