Allspring Utilities and High Income Fund (ERH) Stock

About Allspring Utilities and High Income Fund

The Allspring Utilities and High Income Fund functions as a closed-end, balanced mutual fund, principally managed by Wells Fargo Funds Management LLC. Joint management is also provided by Crow Point Partners, LLC and Wells Capital Management Incorporated. This fund strategically deploys capital in both the public stock and bond markets across the United States. Its equity holdings predominantly comprise shares of utility sector enterprises, such as water, gas, electric, and telecommunications companies, irrespective of their market capitalization. Within its fixed income segment, the fund specifically targets high-yield, non-investment grade debt instruments. Launched on April 28, 2004, the fund is domiciled in the United States.

Allspring Utilities and High Income Fund is headquartered in US.

Allspring Utilities and High Income Fund (ERH) stock trades at $11.71 with a market capitalization of $103.42M. The stock is valued at a price-to-earnings (P/E) ratio of 4.68, price-to-book of 0.84, price-to-sales of 13.35. Over the past 52 weeks the stock has ranged between $11.50 and $13.07, and currently trades 10.4% below its 52-week high. It pays a dividend yielding 8.97%.

On profitability, Allspring Utilities and High Income Fund generates a return on equity (ROE) of 18.68%, above the typical market average, return on capital employed of 18.60%, an operating margin of 368.05%, a net profit margin of 285.55%.

Official website: www.wellsfargoassetmanagement.com/investments/closed-end-funds/index.html