NXG NextGen Infrastructure Income Fund (NXG)
NXG NextGen Infrastructure Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Dallas, TX, US. The stock last traded at $62.25, up 1.62% on the session, giving a market capitalisation of $352.4M. On trailing twelve-month figures it carries a trailing P/E of 2.59, a net margin of 626.5%. Its beta of 0.96 implies it has historically moved less than the broad market.
The NXG NextGen Infrastructure Income Fund is a closed-end equity vehicle, managed and launched by Cushing MLP Asset Management, LP. Its investment strategy focuses on acquiring equity holdings in firms that operate throughout the full spectrum of the energy supply chain. This includes companies engaged in upstream, midstream, and downstream energy activities, as well as those providing oil and gas services and logistics. Additionally, the fund allocates capital to energy-intensive industries such as chemical, metal, industrial, and manufacturing companies, alongside engineering and construction businesses. This U.S.-domiciled fund was established in 2012.
NXG NextGen Infrastructure Income Fund is most often compared with the following Financial Services names: