Allspring Utilities and High Income Fund

Allspring Utilities and High Income Fundverified

ERH

Price:

$10.72

Market Cap:

$99.61M

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 PE Ratio as of September 2024 (TTM) for Allspring Utilities and High Income Fund (ERH) is -536.00

According to Allspring Utilities and High Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is -536.00. This represents a change of -34828.24% compared to the average of 1.54 of the last 4 quarters.

Allspring Utilities and High Income Fund (ERH) Historical PE Ratio (quarterly & annually)

How has ERH PE Ratio performed in the past?

The mean historical PE Ratio of Allspring Utilities and High Income Fund over the last ten years is 91.38. The current -536.00 PE Ratio has changed -58758.05% 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.

Quarterly (TTM)
Annual

Average

91.38

Median

7.48

Minimum

-83.19

Maximum

961.90

Allspring Utilities and High Income Fund (ERH) PE Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearPE RatioChange
2023-6.81-128.44%
202223.93252.60%
20216.79-99.29%
2020961.9010.29%
20199.26-111.13%
2018-83.19-1117.79%
20178.17-23.51%
201610.69-148.28%
2015-22.13-528.18%
20145.17-39.90%

Allspring Utilities and High Income Fund (ERH) Average PE Ratio

How has ERH PE Ratio performed in the past?

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

7.97

5-year avg

199.01

10-year avg

91.38

Allspring Utilities and High Income Fund (ERH) PE Ratio vs. Peers

How is ERH’s PE Ratio compared to its peers?

Allspring Utilities and High Income Fund’s PE Ratio is less than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (3.53), less than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (4.74), less than Blackstone / GSO Senior Floating Rate Term Fund (4.68), less than John Hancock Preferred Income Fund (333.22), less than Allspring Multi-Sector Income Fund (11.58), less than BNY Mellon High Yield Strategies Fund (1.16), less than Pioneer High Income Fund, Inc. (3.01), less than Virtus Convertible & Income Fund II (1.48), less than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (33.02), less than First Trust Senior Floating Rate Income Fund II (3.97), less than Nuveen Floating Rate Income Opportunity Fund (-30.31), less than Nuveen Senior Income Fund (-16.65), less than Western Asset Global Corporate Defined Opportunity Fund Inc. (21.27), less than Western Asset Global High Income Fund Inc. (2.88), less than Virtus Convertible & Income Fund (1.67), less than BlackRock MuniVest Fund, Inc. (22.30), less than MFS High Income Municipal Trust (14.15), less than Franklin Limited Duration Income Trust (5.09),

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