Miller/Howard High Income Equity Fund (HIE)
Miller/Howard High Income Equity Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Kingston, NY, US. The stock last traded at $12.56, giving a market capitalisation of $234.8M. On trailing twelve-month figures it carries a trailing P/E of 114.18, a net margin of 36.8%. Its beta of 1.23 implies it has historically moved more than the broad market.
The Miller/Howard High Income Equity Fund, overseen by Miller Howard Investments, Inc., functions as a closed-end mutual fund focused on equity investments. It primarily directs its capital towards publicly traded companies within the United States. The fund's investment objective is to choose stocks from a wide range of industries, specifically seeking out businesses that demonstrate both strong growth prospects and generous dividend payouts. To construct its portfolio, the fund employs a meticulous bottom-up stock selection methodology, integrating both fundamental and technical analysis. This process involves a close examination of several factors, such as business structures, financial health, broader industry trends, the consistency of cash flow, the caliber of management, and any unique competitive advantages. This U.S.-domiciled fund commenced operations on November 24, 2014.
Miller/Howard High Income Equity Fund is most often compared with the following Financial Services names: