Allspring Utilities and High Income Fund

Allspring Utilities and High Income Fundverified

ERH

Price:

$11.052

Market Cap:

$102.70M

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.[Read more]

Industry

Asset Management - Income

IPO Date

2004-04-28

Stock Exchange

AMEX

Ticker

ERH

The Enterprise Value as of November 2024 (TTM) for Allspring Utilities and High Income Fund (ERH) is 102.71M

According to Allspring Utilities and High Income Fund’s latest financial reports and current stock price. The company's current Enterprise Value is 102.71M. This represents a change of -10.32% compared to the average of 114.53M of the last 4 quarters.

Allspring Utilities and High Income Fund (ERH) Historical Enterprise Value (quarterly & annually)

How has ERH Enterprise Value performed in the past?

The mean historical Enterprise Value of Allspring Utilities and High Income Fund over the last ten years is 135.26M. The current 102.71M Enterprise Value has changed 7.49% with respect to the historical average. Over the past ten years (40 quarters), ERH's Enterprise Value was at its highest in in the August 2021 quarter at 161.37M. The Enterprise Value was at its lowest in in the August 2011 quarter at 21.68M.

Quarterly (TTM)
Annual

Average

135.26M

Median

140.78M

Minimum

96.92M

Maximum

161.37M

Allspring Utilities and High Income Fund (ERH) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Allspring Utilities and High Income Fund Enterprise Value, 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 = 15.25%

Maximum Annual Enterprise Value = 161.37M

Minimum Annual Increase = -19.14%

Minimum Annual Enterprise Value = 96.92M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
202496.92M-19.14%
2023119.86M-17.15%
2022144.67M-10.35%
2021161.37M14.95%
2020140.39M-0.68%
2019141.35M1.74%
2018138.93M-4.45%
2017145.40M2.99%
2016141.18M15.25%
2015122.49M-11.73%

Allspring Utilities and High Income Fund (ERH) Average Enterprise Value

How has ERH Enterprise Value performed in the past?

The current Enterprise Value 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

120.48M

5-year avg

132.64M

10-year avg

135.26M

Allspring Utilities and High Income Fund (ERH) Enterprise Value vs. Peers

How is ERH’s Enterprise Value compared to its peers?

Allspring Utilities and High Income Fund’s Enterprise Value is less than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (600.28M), less than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (260.47M), less than Blackstone / GSO Senior Floating Rate Term Fund (280.22M), less than John Hancock Preferred Income Fund (713.58M), less than Allspring Multi-Sector Income Fund (372.86M), less than BNY Mellon High Yield Strategies Fund (267.20M), less than Pioneer High Income Fund, Inc. (337.28M), less than Virtus Convertible & Income Fund II (286.74M), greater than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (92.18M), less than First Trust Senior Floating Rate Income Fund II (299.05M), less than Nuveen Floating Rate Income Opportunity Fund (477.61M), less than Nuveen Senior Income Fund (259.73M), less than Western Asset Global Corporate Defined Opportunity Fund Inc. (268.24M), less than Western Asset Global High Income Fund Inc. (236.31M), less than Virtus Convertible & Income Fund (429.32M), less than BlackRock MuniVest Fund, Inc. (679.40M), less than MFS High Income Municipal Trust (200.66M), less than Franklin Limited Duration Income Trust (372.03M),

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