DALLAS, Sept. 21, 2018 /PRNewswire/ -- Swank
Capital, LLC, and Cushing® Asset Management, LP,
announce today the upcoming rebalancing of The Cushing® Utility Index (the
"Index") as part of normal index operations. After the markets
close on September 28, 2018, the
constituents of the Index will be rebalanced, and the following
changes will become effective on October 1,
2018:
Cushing® Utility Index
constituents, effective October 1, 2018:
|
Company
Name
|
Ticker
|
Index
Weight
|
Status
|
PPL
Corporation
|
PPL
|
4.43%
|
Existing
|
The Southern
Company
|
SO
|
4.40%
|
Existing
|
Dominion Energy,
Inc.
|
D
|
3.79%
|
Existing
|
Duke Energy
Corporation
|
DUK
|
3.71%
|
Existing
|
Entergy
Corporation
|
ETR
|
3.48%
|
Existing
|
CenterPoint Energy,
Inc.
|
CNP
|
3.19%
|
Existing
|
FirstEnergy
Corp.
|
FE
|
3.13%
|
Existing
|
The AES
Corporation
|
AES
|
3.07%
|
Existing
|
Consolidated Edison,
Inc.
|
ED
|
2.93%
|
Existing
|
Edison
International
|
EIX
|
2.88%
|
Existing
|
Pinnacle West Capital
Corporation
|
PNW
|
2.82%
|
Existing
|
American Electric
Power Company, Inc.
|
AEP
|
2.80%
|
Existing
|
Public Service
Enterprise Group Inc.
|
PEG
|
2.78%
|
Existing
|
WEC Energy Group,
Inc.
|
WEC
|
2.64%
|
Existing
|
Evergy,
Inc.
|
EVRG
|
2.64%
|
Existing
|
Eversource
Energy
|
ES
|
2.61%
|
Existing
|
DTE Energy
Company
|
DTE
|
2.59%
|
Existing
|
Xcel Energy
Inc.
|
XEL
|
2.58%
|
Existing
|
Exelon
Corporation
|
EXC
|
2.56%
|
Existing
|
Alliant Energy
Corporation
|
LNT
|
2.50%
|
Existing
|
Sempra
Energy
|
SRE
|
2.49%
|
Existing
|
NiSource
Inc.
|
NI
|
2.45%
|
Existing
|
CMS Energy
Corporation
|
CMS
|
2.34%
|
Existing
|
Ameren
Corporation
|
AEE
|
2.29%
|
Existing
|
NextEra Energy,
Inc.
|
NEE
|
2.10%
|
Existing
|
Energy Transfer
Partners, L.P.
|
ETP
|
2.00%
|
Existing
|
AmeriGas Partners,
L.P.
|
APU
|
2.00%
|
NEW
|
EnLink Midstream
Partners, LP
|
ENLK
|
2.00%
|
Existing
|
Western Gas Partners,
L.P.
|
WES
|
2.00%
|
Existing
|
Andeavor Logistics
LP
|
ANDX
|
2.00%
|
Existing
|
DCP Midstream,
LP
|
DCP
|
2.00%
|
Existing
|
Dominion Energy
Midstream Partners, LP
|
DM
|
2.00%
|
Existing
|
Enable Midstream
Partners, LP
|
ENBL
|
2.00%
|
Existing
|
EQT Midstream
Partners, LP
|
EQM
|
2.00%
|
Existing
|
MPLX LP
|
MPLX
|
2.00%
|
Existing
|
Energy Transfer
Equity, L.P.
|
ETE
|
2.00%
|
Existing
|
Alliance Resource
Partners, L.P.
|
ARLP
|
2.00%
|
Existing
|
American Water Works
Company, Inc.
|
AWK
|
1.66%
|
Existing
|
SCANA
Corporation
|
SCG
|
1.14%
|
Existing
|
Constituents
removed, effective October 1, 2018:
|
Company
Name
|
Ticker
|
Crestwood Equity
Partners LP
|
CEQP
|
ABOUT THE CUSHING®
UTILITY INDEX
The Cushing® Utility
Index tracks the performance of widely held companies engaged in
electric, gas and water utility services as well as master limited
partnerships (MLPs) engaged in storage and transportation of oil,
natural gas, coal and consumable fuels. Constituents of the Index
are weighted based on current yield. The Index price level is
calculated by S&P Dow Jones Indices and reported on a real-time
basis under the Bloomberg ticker "CUTI".
ABOUT SWANK CAPITAL AND CUSHING® ASSET MANAGEMENT
Cushing® Asset
Management, LP ("Cushing"), a
subsidiary of Swank Capital, LLC, is an SEC-registered investment
adviser headquartered in Dallas,
Texas. Cushing serves as
investment adviser to affiliated funds and managed accounts which
invest primarily in securities of midstream energy infrastructure
companies and other natural resource companies.
Cushing is also dedicated to
serving the needs of investors by sponsoring a variety of
benchmarks, including The Cushing® 30 MLP Index (Bloomberg
Ticker: MLPX), The Cushing® 30 MLP Market Cap Index
(Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index
(Bloomberg Ticker: MLPY), The Cushing® Energy Index
(Bloomberg Ticker: CENI), The Cushing® Energy Supply Chain
Index (Bloomberg Ticker: CSCI) and The Cushing® Transportation Index
(Bloomberg Ticker: CTRI). For more information, please visit
http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing® Utility
Index (the "Index") is the exclusive property of Swank Capital,
LLC, and Cushing Asset Management, LP, which have contracted with
S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC)
("S&P Dow Jones Indices") to calculate and maintain the
Index. S&P® is a registered trademark of
Standard & Poor's Financial Services LLC ("SPFS"); Dow
Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC ("Dow Jones"); and, these trademarks have been
licensed to S&P Dow Jones Indices. "Calculated by S&P Dow
Jones Indices" and its related stylized mark(s) have been licensed
for use by Cushing Asset Management, LP. Neither S&P Dow Jones
Indices, SPFS, Dow Jones nor any of their affiliates sponsor and
promote the Index and none shall be liable for any errors or
omissions in calculating the Index.
CUSH-CUTI
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SOURCE Cushing Asset Management, LP; Swank Capital, LLC