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Allspring Utilities and High Income Fund (ERH)

10.41   -0.13 (-1.23%) 03-22 14:43
Open: 10.41 Pre. Close: 10.54
High: 10.41 Low: 10.35
Volume: 14,110 Market Cap: 97(M)

Technical analysis

as of: 2023-03-22 2:47:20 PM
Overall:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 12.59     One year: 13.09
Support: Support1: 10.09    Support2: 8.39
Resistance: Resistance1: 10.78    Resistance2: 11.21
Pivot: 10.48
Moving Average: MA(5): 10.48     MA(20): 10.51
MA(100): 11.09     MA(250): 11.81
MACD: MACD(12,26): -0.2     Signal(9): -0.2
Stochastic oscillator: %K(14,3): 52.4     %D(3): 47.8
RSI: RSI(14): 39.4
52-week: High: 14.44  Low: 9.69
Average Vol(K): 3-Month: 18 (K)  10-Days: 19 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ ERH ] has closed above bottom band by 28.5%. Bollinger Bands are 29.8% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 10.61 - 10.65 10.65 - 10.68
Low: 10.27 - 10.32 10.32 - 10.36
Close: 10.47 - 10.54 10.54 - 10.6

Company Description

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.

Headline News

Wed, 01 Mar 2023
Allspring Utilities and High Income Fund (ERH) CUSIP 94987E109 ... - PR Newswire

Fri, 27 Jan 2023
Allspring Closed-End Funds Declare Monthly Distributions - PR Newswire

Wed, 18 Jan 2023
ALLSPRING GLOBAL INVESTMENTS' ANNUAL RETIREMENT ... - PR Newswire

Fri, 13 Jan 2023
ERH: Some Concerns About The Distribution But Otherwise A Good ... - Seeking Alpha

Tue, 06 Dec 2022
ALLSPRING GLOBAL INVESTMENTS EXPANDS UK ... - PR Newswire

Mon, 21 Nov 2022
MFD: A Fairly Unique Global Infrastructure And Utility Fund - Seeking Alpha

Financial Analysis

Price to Book Value: Neutral
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Neutral
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Neutral
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Neutral
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  AMEX
Sector:  Financial Services
Industry:  Asset Management
Shares Out. 0 (M)
Shares Float 9 (M)
% Held by Insiders 0 (%)
% Held by Institutions 0 (%)
Shares Short 15 (K)
Shares Short P.Month 0 (K)

Stock Financials

EPS 2.17
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 831.29
Profit Margin (%) 375.5
Operating Margin (%) 80
Return on Assets (ttm) 1.8
Return on Equity (ttm) 17.1
Qtrly Rev. Growth 8.5
Gross Profit (p.s.) 6.53659e+006
Sales Per Share 6.53659e+006
EBITDA (p.s.) 0
Qtrly Earnings Growth 7
Operating Cash Flow 0 (M)
Levered Free Cash Flow 5 (M)

Stock Valuations

PE Ratio 4.78
PEG Ratio 0
Price to Book value 0.01
Price to Sales 0
Price to Cash Flow 0.63

Stock Dividends

Dividend 0
Forward Dividend 38220
Dividend Yield 0%
Dividend Pay Date 2019-02-28
Ex-Dividend Date 2021-07-11
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