Allspring Utilities and High Income Fund Common Shares (ERH)

FairStock Score: 66/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at ERH as a closed-end fund, not an operating business. It invests in U.S. utility equities and fixed income, so its returns depend on management, distribution policy, rate sensitivity, and the discount at which the shares trade. The fund itself has no wide moat; the utility holdings may have regulated cash flows, but the fund structure does not protect against poor capital allocation. On the numbers as of the 2026-10-13 close, the price is $10.62, market cap $108.5M, P/B 0.76, and dividend yield 9.90%. FairStock calculates P/E 4.23, ROE 18.96%, ROCE 2.00%, D/E 0.24, beta 0.78, Graham Number $28.05, and a 62.14% margin of safety. That looks statistically cheap, though I am wary: Piotroski F-Score is 2/9, Altman Z-Score 2.37, and the Lynch category is none because there are only 0 years of filed results, needing 3. Revenue and profit growth are N/A. The 52-week range is $10.16–$13.00, so the shares sit near the low end. The high distribution is attractive, but I would want to see it covered by investment income rather than capital. With ROCE only 2.00%, the high ROE may not reflect durable operating returns. A Graham-style investor can see asset discount and low beta, but the weak quality scores and missing history argue for caution. FairStock Score 66/100 suggests middling attractiveness, not a clear bargain.

In plain English: ERH is a closed-end fund that owns utility stocks and bonds and pays out a high income. Its price looks low compared with its book value and it pays a large dividend, but the financial quality checks in the data are weak and there is no long filed history. Overall, it looks cheap on some measures but uncertain rather than clearly strong.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer