Nuveen AMT-Free Quality Municipal Income Fund (NEA) 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 $3.02 billion), about 1.1 times the size. On valuation, Reaves Utility Income Fund trades at a lower trailing P/E (2.6x vs 13.0x for Nuveen AMT-Free Quality Municipal Income Fund). Nuveen AMT-Free Quality Municipal Income Fund offers the higher dividend yield (8.67% 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 | NEA | UTG |
|---|---|---|
| Share price | $9.99 | $36.19 |
| Market cap | $3.02B | $3.31B |
| 1-day change | +1.01% | -1.12% |
| P/E ratio (TTM) | 12.97 | 2.59 |
| EPS (TTM) | $0.77 | $13.96 |
| Dividend yield | 8.67% | 6.58% |
| Annual dividend | $0.866 | $2.38 |
| 52-week high | $11.90 | $43.90 |
| 52-week low | $9.53 | $33.53 |
| Distance from 52-week high | -16.05% | -17.56% |
| Analyst consensus | hold | — |
| Average volume | 1.54M | 311.84K |
| Shares outstanding | 302.13M | 91.43M |
| Sector | Financial Services | Finance |
| Industry | Asset Management | 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
- Nuveen AMT-Free Quality Municipal Income Fund trades at a higher earnings multiple (13.0x vs 2.6x trailing P/E).
- Nuveen AMT-Free Quality Municipal Income Fund offers a meaningfully higher dividend yield (8.67% vs 6.58%).
- The two companies sit in different sectors: Nuveen AMT-Free Quality Municipal Income Fund in Financial Services and Reaves Utility Income Fund in Finance.
About Nuveen AMT-Free Quality Municipal Income Fund
NEA stock →Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC.
Financial Services · Asset Management
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
NEA vs UTG FAQ
Which is bigger, Nuveen AMT-Free Quality Municipal Income Fund or Reaves Utility Income Fund?
Reaves Utility Income Fund (UTG) is larger, with a market capitalization of $3.31B compared with $3.02B for Nuveen AMT-Free Quality Municipal Income Fund (NEA).
Which has the lower P/E ratio, NEA or UTG?
UTG has the lower trailing P/E at 2.6, versus 13.0 for NEA. 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, Nuveen AMT-Free Quality Municipal Income Fund or Reaves Utility Income Fund?
Nuveen AMT-Free Quality Municipal Income Fund has the higher yield at 8.67%, compared with 6.58% for Reaves Utility Income Fund.
Are Nuveen AMT-Free Quality Municipal Income Fund and Reaves Utility Income Fund in the same industry?
No. Nuveen AMT-Free Quality Municipal Income Fund is in the Financial Services sector, while Reaves Utility Income Fund is in Finance.