ERH
Price:
$12.266
Market Cap:
$113.92M
Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States. It primarily invests in stocks of companies across all market capitalizations operating in utility sector including water, gas, electric, and telecommunications companies. For the fixed income component of its portfolio the fund seeks to invest in non-investment grade securities. Allspring Utilities and High Income Fund was formed on April 28, 2004 and is domiciled in the United States.
Industry
Asset Management - Income
IPO Date
2004-04-28
Stock Exchange
AMEX
Ticker
ERH
According to Allspring Utilities and High Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 7.22. This represents a change of 262.05% compared to the average of 1.99 of the last 4 quarters.
The mean historical PE Ratio of Allspring Utilities and High Income Fund over the last ten years is 91.35. The current 7.22 PE Ratio has changed 690.33% with respect to the historical average. Over the past ten years (40 quarters), ERH's PE Ratio was at its highest in in the August 2020 quarter at 125.84. The PE Ratio was at its lowest in in the February 2020 quarter at -256.13.
Average
91.35
Median
7.48
Minimum
-83.19
Maximum
961.90
Discovering the peaks and valleys of Allspring Utilities and High Income Fund PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 10.29%
Maximum Annual PE Ratio = 961.90
Minimum Annual Increase = -1117.79%
Minimum Annual PE Ratio = -83.19
| Year | PE Ratio | Change |
|---|---|---|
| 2024 | 4.94 | -172.61% |
| 2023 | -6.81 | -128.44% |
| 2022 | 23.93 | 252.60% |
| 2021 | 6.79 | -99.29% |
| 2020 | 961.90 | 10.29% |
| 2019 | 9.26 | -111.13% |
| 2018 | -83.19 | -1117.79% |
| 2017 | 8.17 | -23.51% |
| 2016 | 10.69 | -148.28% |
| 2015 | -22.13 | -528.18% |
The current PE Ratio of Allspring Utilities and High Income Fund (ERH) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
7.35
5-year avg
198.15
10-year avg
91.35
Allspring Utilities and High Income Fund’s PE Ratio is less than High Income Securities Fund (7.86), greater than PIMCO Global StocksPLUS & Income Fund (5.84), less than John Hancock Hedged Equity & Income Fund (10.82), greater than Carlyle Credit Income Fund (-90.77), less than Seven Canyons World Innovators Fund (0), less than Calamos Global Total Return Fund (13.50), less than Nuveen Mortgage and Income Fund (9.62), greater than Fidelity Arizona Municipal Income Fund (0), greater than T. Rowe Price Short Duration Income Fund (0), less than Nuveen Select Maturities Municipal Fund (62.00),
| Company | PE Ratio | Market cap |
|---|---|---|
| 7.86 | $116.98M | |
| 5.84 | $102.59M | |
| 10.82 | $133.52M | |
| -90.77 | $110.44M | |
| 0 | $121.05M | |
| 13.50 | $111.93M | |
| 9.62 | $101.76M | |
| 0 | $119.49M | |
| 0 | $111.22M | |
| 62.00 | $115.88M |
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