Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Utility Index
DALLAS, Sept. 22, 2017 /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 29, 2017, the constituents of the Index will be rebalanced, and the following changes will become effective on October 2, 2017:
Cushing(R) Utility Index constituents, effective October 2, 2017:
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Company Name Ticker Index Weight Status
------------ ------ ------------ ------
The Southern Company SO 3.88% Existing
-------------------- --- ---- --------
FirstEnergy Corp. FE 3.80% Existing
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Entergy Corporation ETR 3.66% Existing
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SCANA Corporation SCG 3.52% Existing
----------------- --- ---- --------
The AES Corporation AES 3.51% Existing
------------------- --- ---- --------
Duke Energy Corporation DUK 3.45% Existing
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PPL Corporation PPL 3.36% Existing
--------------- --- ---- --------
Dominion Energy, Inc. D 3.21% Existing
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Public Service Enterprise Group Incorporated PEG 3.08% Existing
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CenterPoint Energy, Inc. CNP 2.98% Existing
------------------------ --- ---- --------
Exelon Corporation EXC 2.91% Existing
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Consolidated Edison, Inc. ED 2.76% Existing
------------------------- --- ---- --------
American Electric Power Company, Inc. AEP 2.72% Existing
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WEC Energy Group, Inc. WEC 2.66% Existing
---------------------- --- ---- --------
Eversource Energy ES 2.55% Existing
----------------- --- ---- --------
PG&E Corporation PCG 2.53% Existing
---------------- --- ---- --------
DTE Energy Company DTE 2.50% Existing
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Pinnacle West Capital Corporation PNW 2.48% Existing
--------------------------------- --- ---- --------
Ameren Corporation AEE 2.47% Existing
------------------ --- ---- --------
Xcel Energy Inc. XEL 2.47% Existing
---------------- --- ---- --------
Alliant Energy Corporation LNT 2.47% Existing
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Sempra Energy SRE 2.34% Existing
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CMS Energy Corporation CMS 2.33% Existing
---------------------- --- ---- --------
Edison International EIX 2.27% Existing
-------------------- --- ---- --------
NextEra Energy, Inc. NEE 2.21% Existing
-------------------- --- ---- --------
NiSource Inc. NI 2.21% Existing
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Sunoco LP SUN 2.00% NEW
--------- --- ---- ---
Alliance Resource Partners, L.P. ARLP 2.00% Existing
-------------------------------- ---- ---- --------
EnLink Midstream Partners, LP ENLK 2.00% Existing
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DCP Midstream, LP DCP 2.00% Existing
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Buckeye Partners, L.P. BPL 2.00% Existing
---------------------- --- ---- --------
Andeavor Logistics LP ANDX 2.00% Existing
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Tallgrass Energy Partners, LP TEP 2.00% Existing
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Western Refining Logistics, LP WNRL 2.00% Existing
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Western Gas Partners, L.P. WES 2.00% NEW
-------------------------- --- ---- ---
MPLX LP MPLX 2.00% Existing
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Cone Midstream Partners LP CNNX 2.00% NEW
-------------------------- ---- ---- ---
Alliance Holdings GP, L.P. AHGP 2.00% Existing
-------------------------- ---- ---- --------
American Water Works Company, Inc. AWK 1.67% Existing
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Constituents removed, October 2, 2017:
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Company Name Ticker
------------ ------
Energy Transfer Equity, L.P. ETE
---------------------------- ---
Genesis Energy, L.P. GEL
-------------------- ---
Spectra Energy Partners, LP SEP
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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 MLPs 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 Cushing Asset Management, LP, which has 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 Swank Capital, LLC, and 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
