Wells Fargo Advantage Utilities & High Income Fund (ERH) stock reached a new 52-week high this week, touching $11.15 amid a broader rally in the utility sector. Investors have shown increased interest in utility funds, seeking stability and consistent dividends, which has propelled ERH to its current peak. Over the past year, the fund has experienced a significant uptick, with a 1-year change showing an impressive 27.5% increase. This surge reflects the fund's strong performance and investor confidence in the traditionally defensive utility sector, which often thrives in volatile market conditions.
InvestingPro Insights
The recent performance of Wells Fargo Advantage Utilities & High Income Fund (ERH) aligns with several key metrics and insights from InvestingPro. The fund's 1-year price total return of 34.84% corroborates the article's mention of a significant uptick, even surpassing the stated 27.5% increase. This performance is particularly noteworthy given that ERH generally trades with low price volatility, as noted in one of the InvestingPro Tips.
ERH's appeal to investors seeking stability and consistent dividends is further supported by its impressive dividend yield of 6.76% and the fact that it has maintained dividend payments for 21 consecutive years. This consistency in dividend payments underscores the fund's commitment to providing steady income, which is particularly attractive in the utility sector.
However, potential investors should be aware that ERH is not profitable over the last twelve months, with a basic EPS of -$0.02. This information, along with 3 additional InvestingPro Tips, is available to subscribers, offering a more comprehensive view of the fund's financial health and prospects.
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