Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Utility Index
DALLAS, Dec. 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 December 29, 2017, the constituents of the Index will be rebalanced, and the following changes will become effective on January 2, 2018:
Cushing(R) Utility Index constituents, effective January 2, 2018:
Company Name Ticker Index Weight Status
------------ ------ ------------ ------
SCANA Corporation SCG 4.81% Existing
----------------- --- ---- --------
PPL Corporation PPL 4.05% Existing
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The AES Corporation AES 3.98% Existing
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FirstEnergy Corp. FE 3.82% Existing
----------------- --- ---- --------
The Southern Company SO 3.77% Existing
-------------------- --- ---- --------
Entergy Corporation ETR 3.60% Existing
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Duke Energy Corporation DUK 3.42% Existing
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Dominion Energy, Inc. D 3.36% Existing
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CenterPoint Energy, Inc. CNP 3.21% Existing
------------------------ --- ---- --------
Edison International EIX 2.87% Existing
-------------------- --- ---- --------
Public Service Enterprise Group Inc. PEG 2.73% Existing
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Exelon Corporation EXC 2.72% Existing
------------------ --- ---- --------
WEC Energy Group, Inc. WEC 2.72% Existing
---------------------- --- ---- --------
American Electric Power Company, Inc. AEP 2.70% Existing
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DTE Energy Company DTE 2.64% Existing
------------------ --- ---- --------
Consolidated Edison, Inc. ED 2.64% Existing
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Pinnacle West Capital Corporation PNW 2.63% Existing
--------------------------------- --- ---- --------
Ameren Corporation AEE 2.53% Existing
------------------ --- ---- --------
Eversource Energy ES 2.47% Existing
----------------- --- ---- --------
Xcel Energy Inc. XEL 2.41% Existing
---------------- --- ---- --------
Alliant Energy Corporation LNT 2.40% Existing
-------------------------- --- ---- --------
Sempra Energy SRE 2.38% Existing
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CMS Energy Corporation CMS 2.29% Existing
---------------------- --- ---- --------
NiSource Inc. NI 2.27% Existing
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NextEra Energy, Inc. NEE 2.07% Existing
-------------------- --- ---- --------
Alliance Resource Partners, L.P. ARLP 2.00% Existing
-------------------------------- ---- ---- --------
Buckeye Partners, L.P. BPL 2.00% Existing
---------------------- --- ---- --------
EnLink Midstream Partners, LP ENLK 2.00% Existing
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DCP Midstream, LP DCP 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 Gas Partners, L.P. WES 2.00% Existing
-------------------------- --- ---- --------
Spectra Energy Partners, LP SEP 2.00% NEW
--------------------------- --- ---- ---
Cone Midstream Partners LP CNNX 2.00% Existing
-------------------------- ---- ---- --------
Energy Transfer Equity, L.P. ETE 2.00% NEW
---------------------------- --- ---- ---
Enterprise Products Partners, L.P. EPD 2.00% NEW
---------------------------------- --- ---- ---
Summit Midstream Partners, LP SMLP 2.00% NEW
----------------------------- ---- ---- ---
American Water Works Company, Inc. AWK 1.51% Existing
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Constituents removed, effective January 2, 2018:
Company Name Ticker
------------ ------
Alliance Holdings GP, L.P. AHGP
-------------------------- ----
Boardwalk Pipeline Partners, L.P. BWP
--------------------------------- ---
MPLX LP MPLX
------- ----
PG&E Corporation PCG
---------------- ---
Sunoco LP SUN
--------- ---
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 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
