Salient Midstream & MLP Fund

Salient Midstream & MLP Fundverified

SMM

Price:

$8.95

Market Cap:

$158.62M

Salient Midstream & MLP Fund is a closed ended equity mutual fund launched and managed by Salient Capital Advisors, LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector, including transporting, storing, gathering, processing, distributing, marketing and/or delivering natural gas, natural gas liquids, crude oil or refined products or coal. The fund primarily invests in midstream companies and master limited partnerships. It invests in stocks of large-cap, mid-cap, and small-cap companies. The fund benchmarks the performance of its portfolio against the Alerian MLP Index. Salient Midstream & MLP Fund was forme...[Read more]

Industry

Asset Management

IPO Date

2012-05-25

Stock Exchange

NYSE

Ticker

SMM

The Enterprise Value as of March 2025 (TTM) for Salient Midstream & MLP Fund (SMM) is 213.93M

According to Salient Midstream & MLP Fund’s latest financial reports and current stock price. The company's current Enterprise Value is 213.93M. This represents a change of 381.06% compared to the average of 44.47M of the last 4 quarters.

Salient Midstream & MLP Fund (SMM) Historical Enterprise Value (quarterly & annually)

How has SMM Enterprise Value performed in the past?

The mean historical Enterprise Value of Salient Midstream & MLP Fund over the last ten years is 181.87M. The current 213.93M Enterprise Value has changed 11.66% with respect to the historical average. Over the past ten years (40 quarters), SMM's Enterprise Value was at its highest in in the November 2018 quarter at 72.89M. The Enterprise Value was at its lowest in in the November 2020 quarter at 20.69M.

Quarterly (TTM)
Annual

Average

181.87M

Median

168.27M

Minimum

95.44M

Maximum

257.15M

Salient Midstream & MLP Fund (SMM) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Salient Midstream & MLP Fund Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 76.30%

Maximum Annual Enterprise Value = 257.15M

Minimum Annual Increase = -41.79%

Minimum Annual Enterprise Value = 95.44M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2021168.27M76.30%
202095.44M-41.79%
2019163.95M-26.98%
2018224.52M-12.69%

Salient Midstream & MLP Fund (SMM) Average Enterprise Value

How has SMM Enterprise Value performed in the past?

The current Enterprise Value of Salient Midstream & MLP Fund (SMM) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

142.55M

5-year avg

181.87M

10-year avg

181.87M

Salient Midstream & MLP Fund (SMM) Enterprise Value vs. Peers

How is SMM’s Enterprise Value compared to its peers?

Salient Midstream & MLP Fund’s Enterprise Value is less than The Weitz Funds, Hickory Fund (0), greater than Insight Select Income Fund (172.50M), greater than Tortoise Pipeline & Energy Fund, Inc. (105.56M), less than Invesco High Income 2023 Target Term Fund (246.51M), greater than Virtus Convertible & Income 2024 Target Term Fund (179.18M), greater than Fiduciary/Claymore Energy Infrastructure Fund (100.96M), greater than BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (136.63M), less than Goldman Sachs MLP and Energy Renaissance Fund (266.22M), less than Nuveen Small Cap Growth Opportunities Fund (0), less than Fund X Upgrader Fund (0),

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Frequently asked questions❓

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What is Salient Midstream & MLP Fund's Enterprise Value?

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What is the 3-year average Enterprise Value for Salient Midstream & MLP Fund (SMM)?

What is the 5-year average Enterprise Value for Salient Midstream & MLP Fund (SMM)?

How does the current Enterprise Value for Salient Midstream & MLP Fund (SMM) compare to its historical average?