Voltage stability determines the maximum loadability of a power system and power distribution feeder reconfiguration determines optimum feasible alternatives for load connection in order to increase service reliability. Although strongly connected, these analyses have been traditionally performed independently; thus, this paper presents a study on their relationship. The main result is the criterion of losses minimization applied in the reconfiguration analysis implicitly leads to the improvement of voltage stability but an explicit assessment of voltage stability allows the identification of reconfiguration alternatives that although are not optimum offer good loadability and stability.