Notable companies
The most notable companies in this group are Enterprise Products Partners LP (NYSE:EPD), Energy Transfer LP (NYSE:ET), Plains All American Pipeline LP (NASDAQ:PAA), Antero Midstream Corp (NYSE:AM).
Industry description
The investment seeks capital appreciation through distribution growth and current income.
Under normal circumstances, the fund invests at least 80% of its net assets in midstream energy infrastructure companies. Investments consist primarily of master limited partnerships (“MLPs”) and common stocks. The fund may also invest in securities such as preferred stocks, warrants, equity-like instruments, and debt instruments. It is non-diversified.
Market Cap
The average market capitalization across the Hennessy Midstream Institutional MF is 36.3B. The market cap for tickers in the group ranges from 5.42B to 63.68B. EPD holds the highest valuation in this group at 63.68B. The lowest valued company is ETRN at 5.42B.
Volume
The average weekly volume growth across all stocks in the Hennessy Midstream Institutional MF was -26%. For the same stocks of the MF, the average monthly volume growth was -21% and the average quarterly volume growth was 7%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 19
P/E Growth Rating: 44
Price Growth Rating: 45
SMR Rating: 46
Profit Risk Rating: 27
Seasonality Score: 27 (-100 ... +100)