Notable companies
The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO).
Industry description
The investment seeks total return, consisting of current income and capital appreciation.
The fund invests at at least 80% of its net assets in common, preferred and convertible preferred stocks of utility and telecommunications companies. It up to 20% of the fund's net assets in dividend-paying equity securities of non-utility and non-telecommunications companies. The fund invests up to 25% of its total assets in equity securities of foreign issuers, including ADRs and similar investments and up to 10% of its total assets in emerging market equity securities. It is non-diversified.
Market Cap
The average market capitalization across the Allspring Util and Telecomms Inst MF is 52.9B. The market cap for tickers in the group ranges from 17.91B to 131.17B. NEE holds the highest valuation in this group at 131.17B. The lowest valued company is CMS at 17.91B.
Volume
The average weekly volume growth across all stocks in the Allspring Util and Telecomms Inst MF was 23%. For the same stocks of the MF, the average monthly volume growth was 17% and the average quarterly volume growth was 8%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 59
P/E Growth Rating: 65
Price Growth Rating: 28
SMR Rating: 64
Profit Risk Rating: 45
Seasonality Score: 21 (-100 ... +100)