ENFR - ENFR: Strong Midstream Energy ETF Good 5.4% Yield And Recent Performance
2024-02-01 02:24:12 ET
Summary
- ENFR is a simple midstream energy index ETF.
- These companies are somewhat safer than average for the industry, with less commodity price exposure and earnings volatility.
- The fund yields 5.4%, with strong dividend growth too.
ENFR - Overview and Investment Thesis
The Alerian Energy Infrastructure ETF ( ENFR ) is a midstream energy index ETF, focusing on midstream energy corporations. ENFR's investment thesis rests on the fund's:
- Comparatively safe midstream energy holdings , with relatively stable revenues and resilient business models
- Good, growing 5.4% dividend yield , backed by stable revenues and cash flows
- Cheap valuation , with the fund trading at a sizable discount to the S&P 500