SRV

NXG Cushing Midstream Energy Fund
SRV

$43.21

0.19%

Market Cap: $126M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

5% more funds holding

Funds holding: 22 [Q1] → 23 (+1) [Q2]

5.1% less ownership

Funds ownership: 12.25% [Q1] → 7.15% (-5.1%) [Q2]

26% less capital invested

Capital invested by funds: $11M [Q1] → $8.11M (-$2.91M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for SRV.

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Financial journalist opinion

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

DALLAS , Sept. 3, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of September, October, and November, 2024.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

SRV: Increasing Leverage And Premium Valuation Are Both Concerns

NXG Cushing Midstream Energy Fund offers a high yield of 12.56%, making it attractive to investors seeking high yields. The fund has outperformed the Alerian MLP Index and S&P 500 Index over the past few years when measured on a total return basis. The fund primarily invests in midstream energy companies and master limited partnerships, with leveraged assets comprising 29.23% of its portfolio.

SRV: Increasing Leverage And Premium Valuation Are Both Concerns

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

DALLAS , June 3, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of June, July, and August, 2024. These monthly distributions will be payable to common shareholders pursuant to the table below: Record Date Ex-DividendDate Payment Date DistributionAmount Return of CapitalEstimate 1 6/17/2024 6/17/2024 6/28/2024 $0.45 100 % 7/16/2024 7/16/2024 7/31/2024 $0.45 100 % 8/15/2024 8/15/2024 8/30/2024 $0.45 100 % 1The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces At-the-Market Offering Program

DALLAS , May 17, 2024 /PRNewswire/ -- NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") announced today that it has established an "at-the-market" offering program (the "Offer"), pursuant to which the Fund may offer and sell common shares of beneficial interest, par value $0.001 per share ("Common Shares") through a distribution agreement with Foreside Fund Services, LLC (the "Distributor"). The sales, if any, of Common Shares made under the program will be made through the Distributor in transactions that are deemed to be "at-the-market offerings" as defined in Rule 415 under the Securities Act of 1933, as amended.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces At-the-Market Offering Program

SRV: Great Midstream Energy Fund With A High Yield, But Extremely Expensive

The NXG Cushing Midstream Energy Fund offers income-seeking investors exposure to midstream partnerships, which have outperformed the S&P 500 Index over the past three years. The fund delivers a high level of income, boasting a 12.35% yield, higher than most of its peers. The fund's share price has increased by 21.55% since November 2023, outperforming both the Alerian MLP Index and the large-cap stock index.

SRV: Great Midstream Energy Fund With A High Yield, But Extremely Expensive

Investors' Choice: Roller Coaster Or Merry-Go-Round?

Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.

Investors' Choice: Roller Coaster Or Merry-Go-Round?

SRV: Midstream Energy Is Driving Strong, Uncorrelated Returns, Now Yielding 15%

For investors interested in generating an income stream in retirement, an investment in midstream energy assets offers a relatively high yield with limited downside risk. My personal portfolio includes midstream energy assets, which I believe income investors should consider adding to their portfolios. The midstream energy sector has shown resilience and outperformed the broader energy sector, with strong asset utilization and positive free cash flow generation.

SRV: Midstream Energy Is Driving Strong, Uncorrelated Returns, Now Yielding 15%

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

DALLAS , Feb. 1, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of February, March, April, and May 2024. These monthly distributions will be payable to common shareholders pursuant to the table below: Record Date Ex-DividendDate Payment Date DistributionAmount Return of CapitalEstimate1 2/15/2024 2/14/2024 2/29/2024 $0.45 100 % 3/15/2024 3/14/2024 3/28/2024 $0.45 100 % 4/15/2024 4/12/2024 4/30/2024 $0.45 100 % 5/15/2024 5/14/2024 5/31/2024 $0.45 100 % 1The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

Equity CEFs: Owners Of SRV Take Notice

In the last Equity CEF Performances update on December 8th, I said we were headed for a boom-or-bust this week with CPI, PPI and the Federal Reserve decision on tap. And BOOM it was, after a more dovish Fed and Jerome Powell surprised everyone on Wednesday and started forecasting rate cuts next year in their dot plot plans. Was this political or do they see something the markets don't see in 2024? Who knows, but for now, it is bullish until we get into next year and actually see.

Equity CEFs: Owners Of SRV Take Notice

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces the Preliminary Results of its Rights Offering

DALLAS , Dec. 15, 2023 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") announced the preliminary results of its transferable rights offering (the "Offer"). The Offer commenced on November 21, 2023, and expired on December 14, 2023 (the "Expiration Date").

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces the Preliminary Results of its Rights Offering

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