SRV
NXG Cushing Midstream Energy FundSRV
SRV
About: NXG Cushing Midstream Energy Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in midstream energy investments.
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
1.73% less ownership
Funds ownership: 9.1% [Q2] → 7.37% (-1.73%) [Q3]
4% less funds holding
Funds holding: 23 [Q2] → 22 (-1) [Q3]
8% less capital invested
Capital invested by funds: $10.5M [Q2] → $9.63M (-$829K) [Q3]
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Research analyst outlook
We haven’t received any recent analyst ratings for SRV.
Financial journalist opinion
Based on 5 articles about SRV published over the past 30 days
Positive
Seeking Alpha
8 hours ago
The 2024 CEF Year-End Specials
Several closed-end funds, or CEFs, have declared special year-end distributions, rewarding shareholders with holiday bonuses and meeting regulatory distribution requirements to avoid excise taxes. PIMCO Dynamic Income Strategy Fund declared a special distribution of $0.37 per share, reflecting strong capital gains and a strategic shift from its energy-focused origins. Barings Participation Investors announced a special distribution of $0.10 per share, highlighting its strong performance and commitment to high current income and capital appreciation.
Neutral
PRNewsWire
1 week ago
NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions
DALLAS , Dec. 17, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared a special distribution of $0.31477 per common share. This special distribution will be payable to common shareholders pursuant to the table below: Record Date Ex-Dividend Date Payment Date Distribution Amount December 27, 2024 December 27, 2024 December 31, 2024 $0.31477 This special distribution is in addition to the Fund's previously announced December distribution of $0.45 per share.
Positive
Seeking Alpha
1 week ago
12%-Yielding Monthly Dividends From Blue Chip Midstreams: Is SRV A Buy?
Blue-chip midstream stocks are one of the most attractive sectors right now. CEFs like SRV have the potential to accentuate the strengths of MLPs while also mitigating one of their biggest drawbacks. We take a deeper look at 12%-yielding SRV to see if it is a Buy right now.
Neutral
Seeking Alpha
3 weeks ago
Year-End Review Of High-Yield Closed-End Funds
As a retired income investor, I focus on high-yield closed-end funds, or CEFs, for consistent monthly distributions and reinvestment discounts to grow my retirement portfolio. Significant 2024 events include distribution cuts, fund liquidations, rights offerings, and new fund launches, impacting various CEFs I own or follow. Notable CEFs like ACP, ASGI, AOD/AGD, and BlackRock funds have seen distribution increases, reorganizations, and efforts to close discounts due to activist pressure.
Neutral
PRNewsWire
3 weeks ago
NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions
DALLAS , Dec. 2, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 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 $0.45 0.00 % January 16, 2025 January 16, 2025 January 31, 2025 $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.
Neutral
PRNewsWire
1 month ago
NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces the Preliminary Results of its Rights Offering
DALLAS , Nov. 15, 2024 /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 October 23, 2024, and expired on November 14, 2024 (the "Expiration Date").
Neutral
Seeking Alpha
1 month ago
SRV Rights Deadline And What Comes Next
The deadline to submit shares for the NXG Cushing Midstream Energy fund Rights Offering is Tuesday, Nov. 12, though brokerages may differ. If the NAV and common shares remained unchanged by the Nov. 14 expiration, the subscription price would be 89% of SRV's current $47.46/share NAV price, or roughly $42.24. Of course, anything could happen before Thursday's expiration, and if you go on last year's Rights Offering, SRV has some wild swings before everything settled out.
Positive
Seeking Alpha
1 month ago
Four Midstream Energy CEFs Now Offer Strong Total Return Potential
The energy sector, particularly midstream companies, is set to benefit from Trump's pro-oil and gas policies, boosting fossil fuel investments. Midstream companies like Energy Transfer are experiencing significant growth due to rising natural gas demand from power plants and data centers. Investing in CEFs holding midstream assets offers high yields, leverage benefits, and avoids K-1 tax issues, making them attractive for income-oriented investors.
Positive
Seeking Alpha
2 months ago
SRV: High Yielding Infrastructure Case That Has To Be Avoided
In the past year, I have been actively covering the midstream market with a focus on high and durable income plays. Many followers have shown an interest in SRV, which is a midstream infrastructure CEF, offering 11.5% in yield. The potential attractiveness stems from its juicy yield, diversification and reducing interest rate effects on its external leverage component.
Positive
Seeking Alpha
2 months ago
SRV: Still Looking Like A Solid Midstream Investment
The NXG Cushing Midstream Energy Fund offers a high yield without tax complications, making it suitable for tax-advantaged retirement accounts. The fund's 11.48% yield is significantly higher than its peers, but investors should monitor its sustainability and net asset value. The fund claims to have the ability to invest in debt and fixed-income securities, but it does not appear to be doing so to any great degree.
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