company background image
HIE

Miller/Howard High Income Equity FundNYSE:HIE Stock Report

Last Price

US$10.81

Market Cap

US$186.0m

7D

-0.6%

1Y

30.1%

Updated

19 Jan, 2022

Data

Company Financials
HIE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

HIE Stock Overview

Miller/Howard High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Miller/Howard High Income Equity Fund
Historical stock prices
Current Share PriceUS$10.81
52 Week HighUS$10.97
52 Week LowUS$7.77
Beta0
1 Month Change10.76%
3 Month Change3.25%
1 Year Change30.08%
3 Year Change-3.65%
5 Year Change-16.40%
Change since IPO-46.09%

Recent News & Updates

Aug 21

HIE: Termination Set For 2024 With Opportunity Left

HIE's latest semi-annual report gives us an update on distribution coverage. The fund has large institutional ownership from Saba and RiverNorth. The fund is set to terminate in 2024 and is trading at an attractive discount that offers investors an opportunity.

Jun 28

HIE: Narrowing Discount, Still Opportunity Here

At the Income Lab, we recently added more to our HIE position. HIE remains attractively valued with a discount heading into the final few years of its term structure where it is set to liquidate in 2024. The fund has also been being picked up by activists; Saba and RiverNorth - they now have a combined 20%+ control of the fund.

Dec 29

HIE: Attractive Discount Present On This Term Fund

Written by Nick Ackerman, co-produced by Stanford Chemist The Miller/Howard High Income Equity Fund (HIE) has certainly had a rocky 2020. The pandemic had hit the fund particularly hard as it was heavier in financials and had exposure to the energy sector. Though investors more inclined to take some risks could be staring at a huge opportunity. The fund is currently discounted at over 11.30% of its NAV - yet, is set to terminate in

Dec 15

Miller/howard High Income Equity Fund raises distribution by 20%

Miller/howard High Income Equity Fund (HIE) declares $0.048/share monthly dividend, 20% increase from prior dividend of $0.040.Forward yield 7.38%Payable Jan. 29; for shareholders of record Jan. 22; ex-div Jan. 21.Payable Feb. 26; for shareholders of record Feb. 19; ex-div Feb. 18.Payable Mar. 31; for shareholders of record Mar. 24; ex-div Mar. 23.See HIE Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

HIEUS Capital MarketsUS Market
7D-0.6%-5.5%-4.6%
1Y30.1%24.6%7.7%

Return vs Industry: HIE exceeded the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: HIE exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is HIE's price volatile compared to industry and market?
HIE volatility
HIE Average Weekly Movement2.9%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: HIE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HIE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/an/ahttps://www.mhinvest.com/hie/index.html

Miller/Howard High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth and high dividend paying stocks of companies.

Miller/Howard High Income Equity Fund Fundamentals Summary

How do Miller/Howard High Income Equity Fund's earnings and revenue compare to its market cap?
HIE fundamental statistics
Market CapUS$185.97m
Earnings (TTM)US$0
Revenue (TTM)n/a

n/a

P/E Ratio

n/a

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIE income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$0
EarningsUS$0

Last Reported Earnings

n/a

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did HIE perform over the long term?

See historical performance and comparison

Valuation

Is Miller/Howard High Income Equity Fund undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Miller/Howard High Income Equity Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Miller/Howard High Income Equity Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is Miller/Howard High Income Equity Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Miller/Howard High Income Equity Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Miller/Howard High Income Equity Fund performed over the past 5 years?

20.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Miller/Howard High Income Equity Fund has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is Miller/Howard High Income Equity Fund's financial position?


In this section we usually analyse Miller/Howard High Income Equity Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Miller/Howard High Income Equity Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is Miller/Howard High Income Equity Fund current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HIE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HIE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HIE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HIE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HIE's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Miller/Howard High Income Equity Fund has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Miller/Howard High Income Equity Fund's employee growth, exchange listings and data sources


Key Information

  • Name: Miller/Howard High Income Equity Fund
  • Ticker: HIE
  • Exchange: NYSE
  • Founded: 2014
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$185.972m
  • Shares outstanding: 18.69m
  • Website: https://www.mhinvest.com/hie/index.html

Location

  • Miller/Howard High Income Equity Fund
  • 10 Dixon Avenue
  • Woodstock
  • New York
  • 12498
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:49
End of Day Share Price2022/01/19 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.