HIE

Miller/Howard High Income Equity Fund [HIE] Stock Forecast

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RSI : 000

HIE Stock Summary

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In the News

12:47 16 Apr 2024 HIE

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

12:02 16 Apr 2024 HIE

HIE: Moving To Hold On This Term Fund (Rating Downgrade)

The Miller/howard High Income Equity fund has seen substantial gains since its Buy rating in 2023, driven by a narrowing of its discount to NAV and underlying equities delta. The fund is set to terminate in 2024, with the potential for a 1-year extension if approved by the Board.

01:20 16 Apr 2024 HIE

HIE: Opportunity Left In This Term Fund

Miller/Howard High Income Equity Fund is expected to liquidate in November 2024, presenting a buying opportunity due to the potential for the fund's discount to narrow. The activist group Saba Capital holds a substantial stake in HIE, and that's pretty good company to be with. Though HIE's portfolio has a heavy weighting towards the energy sector, which can be a much more volatile area of the market.

11:23 16 Apr 2024 HIE

HIE: Term Fund With A High Discount

HIE seeks high current income by investing in high-yielding equities from various sectors. HIE has a specific termination date set for November 24, 2024, but it can be extended for one year to November 24, 2025, with approval from the Board of Trustees.

06:35 16 Apr 2024 HIE

3 Closed-End Fund Buys In The Month Of July 2023

This month I added to three of my already existing positions to grow my income. I'm continuing to avoid adding too much in terms of leveraged funds to deleverage my overall portfolio, and letting some cash build-up has a similar effect. The market overall is continuing to remain resilient despite another 25-basis point Fed hike and broader participation to the upside continued for a second month.

04:47 16 Apr 2024 HIE

HIE: An Attractive Dividend Portfolio With An Energy Tilt

The Miller/Howard High Income Equity Fund is a term structured fund expected to liquidate by the end of 2024. The fund is diversified but leans towards the energy sector. HIE has reduced its leverage materially, which is seen as a positive move, in my opinion. The fund's advisory fee has also been reduced, which is another positive development. The fund's discount is still at a level where some alpha can be generated going into its termination, making it a decent choice to consider for investment.

12:16 16 Apr 2024 HIE

HIE And IHTA: 2 CEFs Set To Liquidate In 2024

Term and target term funds, such as Miller/Howard High Income Equity Fund and Invesco High Income 2024 Target Term Fund, offer opportunities for investors to realize a fund's discount as they approach their termination dates. Both HIE and IHTA are set to liquidate in 2024, but investors should be aware of potential extensions and the possibility of funds going perpetual through tender offers. While not risk-free, these funds can provide alpha when investors realize the discount, but their performance may be affected by market conditions such as a deep recession.

01:30 16 Apr 2024 HIE

HIE: A Term Fund At A Discount

HIE is trading at an attractive discount despite the better relative performance over the last year, thanks to its energy exposure. A discount for a term fund is something that can be exploited, but we still have some time before the termination date.

01:51 16 Apr 2024 HIE

Closed-End Funds: Term Structure Potential Vs. Perpetual Funds

Term funds have a few topics making them different that I hope to clear up with today's overview. Term funds can benefit shareholders as NAV is realized one way or another.

02:47 16 Apr 2024 HIE

HIE: Attractively Discounted Fund Helped By Energy Exposure

HIE invests in equity positions focused on generating dividends; it usually tilts towards energy weightings. The fund also utilizes an options writing strategy to generate additional gains to fund its distribution.

HIE Financial details

Company Rating
Sell
Market Cap
201.11M
Income
10.84M
Revenue
34.62M
Book val./share
10.38
Cash/share
0.38
Dividend
0.61
Dividend %
5.78%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
22.35
Forward P/E
-
PEG
9.55
P/S
19.26
P/B
0.97
P/C
28.08
P/FCF
11.7
Quick Ratio
-
Current Ratio
-
Debt / Equity
-
LT Debt / Equity
-
-
-
EPS (TTM)
0.58
EPS next Y
-
EPS next Q
1.58
EPS this Y
-76.6%
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
-32.24%
Revenue last 5Y
-26.58%
Revenue Q/Q
-798.47%
EPS Q/Q
-170.27%
-
-
-
-
SMA20
-
SMA50
-
SMA100
10%
Inst Own
53.16%
Inst Trans
0.92%
ROA
3%
ROE
4%
ROC
0.03%
Gross Margin
100%
Oper. Margin
95%
Profit Margin
86%
Payout
122%
Shs Outstand
18.69M
Shs Float
18.65M
-
-
-
-
Target Price
-
52W Range
9.495-11.14
52W High
-3%
52W Low
+18.56%
RSI
34
Rel Volume
2.27
Avg Volume
31.02K
Volume
70.39K
Perf Week
-3.44%
Perf Month
0.09%
Perf Quarter
11.61%
Perf Half Y
8.43%
-
-
-
-
Beta
1.23287
-
-
Volatility
0.16%, 0.12%
Prev Close
-0.84%
Price
10.67
Change
-2.56%

HIE Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-10-31

Metric History 2019-10-312020-10-312021-10-312022-10-31 2023-10-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
0.84-2.714.680.550.17
Net income per share
0.77-2.784.610.470.11
Operating cash flow per share
-0.440.51-0.370.93
Free cash flow per share
-0.440.51-0.370.93
Cash per share
0.380.090.010.660.38
Book value per share
10.556.9410.9910.8910.38
Tangible book value per share
10.556.9410.9910.8910.38
Share holders equity per share
10.556.9410.9910.8910.38
Interest debt per share
2.181.752.722.430.08
Market cap
208.96M111.77M195.5M189.34M179.24M
Enterprise value
246.46M144.07M245.82M233.78M179.12M
P/E ratio
15.27-2.152.2721.4190
Price to sales ratio
14.09-2.22.2318.4456.63
POCF ratio
-26.511.71-27.9911.23.19
PFCF ratio
-26.511.71-27.9911.23.19
P/B Ratio
1.120.860.950.930.92
PTB ratio
1.120.860.950.930.92
EV to sales
16.61-2.842.8122.7756.59
Enterprise value over EBITDA
18.01-2.772.8524.0589.94
EV to operating cash flow
-31.2615.09-35.1913.833.19
EV to free cash flow
-31.2615.09-35.1913.833.19
Earnings yield
0.07-0.470.440.050.01
Free cash flow yield
-0.040.09-0.040.090.31
Debt to equity
0.20.250.250.220
Debt to assets
0.130.180.180.150
Net debt to EBITDA
2.74-0.620.584.57-0.06
Current ratio
44.761.463.4900
Interest coverage
12.12-113.32221.9511.091.39
Income quality
-0.58-0.18-0.081.9128.18
Dividend Yield
0.110.130.060.060.06
Payout ratio
1.64-0.290.131.225.74
Sales general and administrative to revenue
0.08-0.030.020.140.36
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
13.5320.8633.7610.774.99
ROIC
0.06-0.320.340.040.01
Return on tangible assets
0.05-0.290.30.030.01
Graham Net
-4.95-2.45-3.65-3.92-0.57
Working capital
4.73M868.63K7.06M5.78M963.39K
Tangible asset value
186.9M129.78M205.44M203.46M194.01M
Net current asset value
-93.28M-46.84M-70.8M-93.36M-21.55M
Invested capital
0.20.250.250.220
Average receivables
4.47M3.8M6.22M7.71M3.28M
Average payables
2.86M995.5K2.36M1.41M0
Average inventory
004.87M13.96M13.17M
Days sales outstanding
119.13-19.8140.43203.5196.67
Days payables outstanding
15.9303.57373.2400
Days of inventory on hand
001.29K2.21K1.19K
Receivables turnover
3.06-18.439.031.793.78
Payables turnover
22.951.20.9800
Inventory turnover
000.280.170.31
ROE
0.07-0.40.420.040.01
Capex per share
00000

Quarterly Fundamentals Overview

Last date of statement is 2023-10-31 for Q4

Metric History 2021-10-312022-04-302022-10-312023-04-30 2023-10-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
01.270.29-0.050.34
Net income per share
00.63-0.160.37-0.26
Operating cash flow per share
00.350.380.30.29
Free cash flow per share
00.350.380.30.29
Cash per share
00.260.660.070.38
Book value per share
011.3310.8910.9510.38
Tangible book value per share
011.3313.8110.9510.38
Share holders equity per share
011.3310.8910.9510.38
Interest debt per share
02.792.420.810.01
Market cap
0194.38M189.34M188.78M179.24M
Enterprise value
50.31M246.14M233.78M202.65M179.12M
P/E ratio
04.13-16.196.89-9.23
Price to sales ratio
08.1934.53-208.5128.34
POCF ratio
029.8326.9533.9233.51
PFCF ratio
029.8326.9533.9233.51
P/B Ratio
00.920.930.920.92
PTB ratio
00.920.930.920.92
EV to sales
010.3842.63-223.8328.32
Enterprise value over EBITDA
020.54-102.3925.43-39.37
EV to operating cash flow
037.7733.2836.4133.49
EV to free cash flow
037.7733.2836.4133.49
Earnings yield
00.06-0.020.04-0.03
Free cash flow yield
00.030.040.030.03
Debt to equity
0.250.250.220.070
Debt to assets
0.180.160.150.050
Net debt to EBITDA
04.32-19.471.740.03
Current ratio
3.4926.16020.750
Interest coverage
055.25-3.466.93-16.26
Income quality
00.55-2.40.81-1.1
Dividend Yield
00.030.030.030.03
Payout ratio
00.46-1.860.84-1.18
Sales general and administrative to revenue
00000
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
012.676.199.57.79
ROIC
00.05-0.010.04-0.02
Return on tangible assets
00.04-0.010.03-0.02
Graham Net
0-5.44-1-3.09-0.57
Working capital
7.06M621.44K5.78M2.27M963.39K
Tangible asset value
205.44M211.82M258.11M204.59M194.01M
Net current asset value
-70.8M-106.37M-38.72M-60.17M-21.55M
Invested capital
0.250.250.220.070
Average receivables
8.52M5.17M3.19M3.99M1.55M
Average payables
5.65M1.43M12.35K57.41K57.41K
Average inventory
009.09M10.89M5.89M
Days sales outstanding
02.4593.98-224.0711.93
Days payables outstanding
01.4507.390
Days of inventory on hand
001.11K232.51660.93
Receivables turnover
036.710.96-0.47.54
Payables turnover
061.9012.180
Inventory turnover
000.080.390.14
ROE
00.06-0.010.03-0.03
Capex per share
00000

HIE Frequently Asked Questions

What is Miller/Howard High Income Equity Fund stock symbol ?

Miller/Howard High Income Equity Fund is a US stock , located in Kingston of Ny and trading under the symbol HIE

What is Miller/Howard High Income Equity Fund stock quote today ?

Miller/Howard High Income Equity Fund stock price is $10.67 today.

Is Miller/Howard High Income Equity Fund stock public?

Yes, Miller/Howard High Income Equity Fund is a publicly traded company.

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