NXG NextGen Infrastructure Income Fund (NYSE:NXG) Shares Up 2.5% – What’s Next?

Posted by Jeanne O'Marion on Dec 26th, 2024

NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) shares were up 2.5% during mid-day trading on Tuesday . The company traded as high as $44.16 and last traded at $43.98. Approximately 24,913 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 31,878 shares. The stock had previously closed at $42.91.

NXG NextGen Infrastructure Income Fund Stock Up 0.0 %

The stock has a 50-day simple moving average of $46.23 and a 200 day simple moving average of $42.53.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 14.73%. NXG NextGen Infrastructure Income Fund’s payout ratio is currently -2,700.00%.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. J.W. Cole Advisors Inc. acquired a new stake in NXG NextGen Infrastructure Income Fund during the 3rd quarter worth approximately $671,000. Private Advisor Group LLC purchased a new stake in shares of NXG NextGen Infrastructure Income Fund during the third quarter worth $329,000. Valeo Financial Advisors LLC acquired a new stake in shares of NXG NextGen Infrastructure Income Fund in the third quarter valued at $294,000. Finally, Oppenheimer & Co. Inc. purchased a new position in NXG NextGen Infrastructure Income Fund in the third quarter valued at $202,000.

About NXG NextGen Infrastructure Income Fund

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NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.