NXG Cushing Midstream Energy Fund (NYSE:SRV) Announces $0.45 Monthly Dividend

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Monday, February 2nd. Investors of record on Monday, March 16th will be paid a dividend of 0.45 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Monday, March 16th.

NXG Cushing Midstream Energy Fund Stock Down 0.2%

NXG Cushing Midstream Energy Fund stock opened at $40.54 on Tuesday. NXG Cushing Midstream Energy Fund has a 52-week low of $34.24 and a 52-week high of $47.96. The firm’s fifty day moving average is $39.90 and its 200 day moving average is $42.15.

Insider Transactions at NXG Cushing Midstream Energy Fund

In related news, Director John Alban acquired 750 shares of the stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average cost of $42.49 per share, with a total value of $31,867.50. Following the purchase, the director directly owned 750 shares of the company’s stock, valued at approximately $31,867.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased 1,480 shares of company stock worth $60,987 in the last quarter.

Institutional Trading of NXG Cushing Midstream Energy Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust bought a new stake in shares of NXG Cushing Midstream Energy Fund in the 3rd quarter worth about $46,000. Raymond James Financial Inc. purchased a new stake in shares of NXG Cushing Midstream Energy Fund in the second quarter worth approximately $42,000. Keener Financial Planning LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund during the 3rd quarter worth approximately $50,000. HighPoint Advisor Group LLC purchased a new position in NXG Cushing Midstream Energy Fund during the 3rd quarter valued at $271,000. Finally, Private Advisor Group LLC boosted its holdings in NXG Cushing Midstream Energy Fund by 9.4% during the 3rd quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock valued at $282,000 after acquiring an additional 525 shares during the period.

About NXG Cushing Midstream Energy Fund

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.