NXG
NXG NextGen Infrastructure Income FundNXG
NXG
About: Cushing NextGen Infrastructure Income Fund is a closed-end investment management company. Its investment objective is to seek a high total return with a focus on current income. The Fund invests at least 80% of its net assets in a portfolio of equity and debt securities of infrastructure companies, including energy infrastructure companies, industrial infrastructure companies, sustainable infrastructure companies, and technology & communication infrastructure companies.
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Funds holding %
of 6,809 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
900% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 1
138% more capital invested
Capital invested by funds: $10.9M [Q2] → $26M (+$15.1M) [Q3]
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
47% more funds holding
Funds holding: 19 [Q2] → 28 (+9) [Q3]
14.9% more ownership
Funds ownership: 9.05% [Q2] → 23.95% (+14.9%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for NXG.
Financial journalist opinion
Based on 3 articles about NXG published over the past 30 days
Neutral
Seeking Alpha
6 days ago
11 Closed-End Fund Buys In The Month Of November 2024
This month, I've added to 11 different positions, but most of these were related to repurchases after the BlackRock tender offers. While I added to 11 different positions, these were all positions I had already held previously, so there were no new positions this month. In fact, I sold out of a fund to consolidate my holdings and reduce the number of funds held, as I did last month as well.
Positive
Seeking Alpha
1 week ago
NXG: A Couple Of Holes In This Strategy
NextGen Infrastructure Income Fund yields 14%, but its reliance on common stocks makes it different from many other CEFs. The fund's diverse portfolio includes traditional and tech-focused infrastructure stocks, aiming for income through dividends and long-term growth. Historical performance shows inconsistent cash flows, with recent dividends supported by leverage and capital gains rather than organic income.
Neutral
PRNewsWire
2 weeks ago
NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions
DALLAS , Dec. 2, 2024 /PRNewswire/ -- NXG NextGen Infrastructure Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.54 per common share for each of December 2024 and January 2025. These monthly distributions will be payable to common shareholders pursuant to the table below: Record Date Ex-Dividend Date Payment Date Distribution Amount Return of Capital Estimate 1 December 16, 2024 December 16, 2024 December 31, 2024 $0.54 0.00 % January 16, 2025 January 16, 2025 January 31, 2025 $0.54 100 % 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.
Positive
Seeking Alpha
2 months ago
NXG: 15% Yield, 4% Discount On New And Old Infrastructure
The NextGen Infrastructure Income Fund (NXG) offers a 15.77% yield, investing in both traditional and next-gen infrastructure, including renewables and data storage. NXG's performance has been mixed, with recent outperformance but historical underperformance on an NAV basis over longer periods. Management doubled the dividend from $.27 to $.54 in September 2023.
Positive
Seeking Alpha
3 months ago
9 Closed-End Fund Buys In The Month Of August 2024
The broader equity market saw declines in early August but ended near all-time highs to finish off the month. I put some capital to work this month at the low, but not as much as I had planned initially, as the market swiftly recovered. Most of the moves this month were corporate action-driven events, primarily the BlackRock tender offers, as we finished up the first measurement period.
Neutral
PRNewsWire
3 months ago
NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions
DALLAS , Sept. 3, 2024 /PRNewswire/ -- NXG NextGen Infrastructure Fund (NYSE: NXG) (the "Fund") declared monthly distributions of $0.54 per common share for each of September, October, and November 2024.
Positive
Seeking Alpha
4 months ago
NXG: A Good Way To Add Renewable Energy To A Portfolio And Profit From Electrification
The NXG NextGen Infrastructure Income Fund offers a 16.80% yield, providing investors with exposure to renewable energy and the energy transition without sacrificing income. The fund's recent performance has been impressive, outperforming the S&P 500 Index and delivering a total return of 43.04% over ten months. The fund's portfolio consists of a combination of renewable energy and natural gas midstream, which gives it exposure to companies that are likely to benefit from the "green" transition.
Positive
Seeking Alpha
4 months ago
4 Closed-End Fund Buys In The Month Of July 2024
Every month, I add or initiate new positions in my closed-end fund portfolio. This creates a snowball of growing monthly cash flow over time. With the market continuing to perform well at/near all-time highs, letting some cash build up also doesn't hurt.
Neutral
PRNewsWire
5 months ago
NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces the Preliminary Results of its Rights Offering
DALLAS , July 18, 2024 /PRNewswire/ -- The NXG NextGen Infrastructure Income Fund (NYSE: NXG) (the "Fund") announced the preliminary results of its transferable rights offering (the "Offer"). The Offer commenced on June 20, 2024, and expired on July 17, 2024 (the "Expiration Date").
Positive
Seeking Alpha
5 months ago
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.
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