NTG
Price:
$53.36
Market Cap:
$271.75M
Tortoise MLP Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It invests in public equity markets. The fund primarily invests in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships. It employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise MLP Fund, Inc. was formed on July 27, 2010 is domiciled in United States.
Industry
Asset Management
IPO Date
2010-07-29
Stock Exchange
NYSE
Ticker
NTG
According to Tortoise Midstream Energy Fund, Inc.’s latest financial reports and current stock price. The company's current ROE is 3.06%. This represents a change of -39.46% compared to the average of 5.06% of the last 4 quarters.
The mean historical ROE of Tortoise Midstream Energy Fund, Inc. over the last ten years is -32.28%. The current 3.06% ROE has changed -109.48% with respect to the historical average. Over the past ten years (40 quarters), NTG's ROE was at its highest in in the November 2021 quarter at 28.34%. The ROE was at its lowest in in the May 2020 quarter at -302.08%.
Average
-32.28%
Median
2.85%
Minimum
-329.04%
Maximum
31.03%
Discovering the peaks and valleys of Tortoise Midstream Energy Fund, Inc. ROE, 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 = 1.46%
Maximum Annual ROE = 31.03%
Minimum Annual Increase = -942.88%
Minimum Annual ROE = -329.04%
| Year | ROE | Change |
|---|---|---|
| 2023 | 3.20% | -88.45% |
| 2022 | 27.73% | -10.63% |
| 2021 | 31.03% | -109.43% |
| 2020 | -329.04% | 1.46% |
| 2019 | -21.04% | -942.88% |
| 2018 | 2.50% | -125.40% |
| 2017 | -9.83% | -183.59% |
| 2016 | 11.76% | -123.10% |
| 2015 | -50.90% | -531.80% |
| 2014 | 11.79% | -35.76% |
The current ROE of Tortoise Midstream Energy Fund, Inc. (NTG) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
20.65%
5-year avg
-57.62%
10-year avg
-32.28%
Tortoise Midstream Energy Fund, Inc.’s ROE is less than Goldman Sachs MLP and Energy Renaissance Fund (33.08%), less than Blackrock MuniYield California Fund, Inc. (5.72%), less than Tortoise Pipeline & Energy Fund, Inc. (6.07%), greater than Tortoise Energy Independence Fund, Inc. (-0.94%), less than BlackRock MuniYield New Jersey Fund, Inc. (7.55%), less than Salient Midstream & MLP Fund (32.54%), less than Nuveen Enhanced Municipal Value Fund (10.96%), less than Pioneer High Income Fund, Inc. (8.08%), less than Miller/Howard High Income Equity Fund (1.00%), less than Virtus Vontobel Global Opportunities Fund (0%),
| Company | ROE | Market cap |
|---|---|---|
| 33.08% | $239.99M | |
| 5.72% | $267.74M | |
| 6.07% | $95.72M | |
| -0.94% | $67.30M | |
| 7.55% | $315.31M | |
| 32.54% | $158.62M | |
| 10.96% | $312.24M | |
| 8.08% | $244.12M | |
| 1.00% | $234.76M | |
| 0% | $263.01M |
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