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2023-03-15 10:17:21 ET Summary The First Trust Energy Income & Growth ETF is a closed-end fund ("CEF") that focuses on publicly traded energy MLPs. FEN currently charges a total expense fee of 1.44%, which is arguably quite high despite the relatively high level of income and ...
2023-03-09 15:14:17 ET Summary Data aggregator websites such as Morningstar or CEFData are merely places to get initial ideas. With CEFs that can get rather niche and are actively managed, it becomes even more imperative as things change constantly. CEF misclassifications can ...
2023-03-08 08:00:00 ET Summary Ten energy infrastructure companies collectively spent over $1.4 billion on buybacks in 4Q22, bringing the total buyback spend for the year to approximately $4.5 billion. Over 76% of constituents in the Alerian Midstream Energy Index by weighting cur...
Summary Generally, midstream companies are forecasting modest EBITDA growth in 2023 consistent with the stability of fee-based businesses. Some companies have provided positive long-term outlooks for EBITDA growth, which add important context to the strong dividend trends in midstream. ...
Summary FIF has given investors 6 distribution increases in the last 6 months. Albeit, these are micro raises but trending in the right direction nonetheless. With a low distribution yield on the NAV, there is room for further increases. Written by Nick Ackerman, co-prod...
Summary Midstream/MLPs are using their free cash flow to increase their dividends and repurchase equity. On a year-over-year basis, there are more constituents in the broad Alerian Midstream Energy Index that have raised their payouts compared to last year than maintained. Importantly, ...
Summary The oil macro in 2023 will likely be heavily influenced by headlines related to Russian supply and Chinese demand as the country reopens. US production growth is expected to be modest, as companies practice capital discipline and grapple with service cost inflation. Traditio...
Summary Midstream/MLPs tend to outperform the broader market in years of high inflation, and though it has cooled from its mid-2022 peak, inflation is likely to remain elevated in 2023. Energy infrastructure companies largely provide services for fees under long-term contracts, which ty...
Summary After a record-setting 2022, energy sector earnings are likely to generally decline in 2023, though forecasts point to another strong year by historical standards. Even with a year-over-year earnings decline, energy companies can continue to execute on free cash flow generation ...
Summary Looking at total returns for 2022 compared to the -18.1% loss for the S&P 500, income-focused equity investments generally held up well, except for REITs. MLPs provided standout performance in 2022, gaining over 30% on a total-return basis. Now that bond benchmarks are y...
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First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL), and First Trust Energy Infrastru...
First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastruc...
First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared its final common share distribution rate in the amount of $0.30 per share, which as previously announced on April 19, 2024, will be payable on May 2, 2024, to shareholders of record as of April 29, 2024. The ...