NXG NextGen Infrastructure Income Fund (NYSE:NXG) Stock Price Up 1.1% – Should You Buy?

Shares of NXG NextGen Infrastructure Income Fund (NYSE:NXG) shot up 1.1% during mid-day trading on Thursday . The company traded as high as $51.60 and last traded at $51.40. 22,687 shares traded hands during trading, a decline of 25% from the average session volume of 30,452 shares. The stock had previously closed at $50.84.

NXG NextGen Infrastructure Income Fund Stock Up 4.0 %

The firm has a 50 day moving average price of $45.30 and a 200 day moving average price of $42.00.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.54 dividend. This represents a $6.48 annualized dividend and a dividend yield of 12.13%. The ex-dividend date was Friday, November 15th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is currently -2,700.00%.

Insider Activity

In other news, insider John Alban sold 1,234 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $41.34, for a total transaction of $51,013.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

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

About NXG NextGen Infrastructure Income Fund

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.