Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Utility Index
Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Utility Index
DALLAS, March 22, 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 March 29, 2018, the constituents of the Index will be rebalanced, and the following changes will become effective on April 2, 2018:
Cushing(R) Utility Index constituents, effective April 2, 2018:
Company Name Ticker Index Weight Status
------------ ------ ------------ ------
SCANA
Corporation SCG 4.70% Existing
------------ --- ---- --------
PPL
Corporation PPL 4.47% Existing
------------ --- ---- --------
The Southern
Company SO 3.93% Existing
------------ --- ---- --------
Dominion
Energy,
Inc. D 3.62% Existing
-------- --- ---- --------
The AES
Corporation AES 3.60% Existing
------------ --- ---- --------
Duke Energy
Corporation DUK 3.46% Existing
------------ --- ---- --------
Entergy
Corporation ETR 3.35% Existing
------------ --- ---- --------
FirstEnergy
Corp. FE 3.17% Existing
----------- --- ---- --------
CenterPoint
Energy,
Inc. CNP 3.07% Existing
----------- --- ---- --------
Edison
International EIX 2.86% Existing
-------------- --- ---- --------
Consolidated
Edison, Inc. ED 2.76% Existing
------------- --- ---- --------
American
Electric
Power
Company,
Inc. AEP 2.73% Existing
--------- --- ---- --------
Public
Service
Enterprise
Group Inc. PEG 2.73% Existing
----------- --- ---- --------
Exelon
Corporation EXC 2.67% Existing
------------ --- ---- --------
WEC Energy
Group, Inc. WEC 2.67% Existing
------------ --- ---- --------
Pinnacle
West
Capital
Corporation PNW 2.65% Existing
------------ --- ---- --------
Eversource
Energy ES 2.60% Existing
---------- --- ---- --------
DTE Energy
Company DTE 2.56% Existing
---------- --- ---- --------
Xcel Energy
Inc. XEL 2.55% Existing
----------- --- ---- --------
Alliant
Energy
Corporation LNT 2.51% Existing
------------ --- ---- --------
NiSource
Inc. NI 2.50% Existing
-------- --- ---- --------
Ameren
Corporation AEE 2.46% Existing
------------ --- ---- --------
CMS Energy
Corporation CMS 2.41% Existing
------------ --- ---- --------
Sempra
Energy SRE 2.40% Existing
------- --- ---- --------
NextEra
Energy,
Inc. NEE 2.06% Existing
-------- --- ---- --------
Alliance
Holdings
GP, L.P. AHGP 2.00% NEW
--------- ---- ---- ---
Alliance
Resource
Partners,
L.P. ARLP 2.00% Existing
---------- ---- ---- --------
EnLink
Midstream
Partners,
LP ENLK 2.00% Existing
---------- ---- ---- --------
Tallgrass
Energy
Partners,
LP TEP 2.00% Existing
---------- --- ---- --------
DCP
Midstream,
LP DCP 2.00% Existing
----------- --- ---- --------
Andeavor
Logistics
LP ANDX 2.00% Existing
---------- ---- ---- --------
Spectra
Energy
Partners,
LP SEP 2.00% Existing
---------- --- ---- --------
Energy
Transfer
Equity,
L.P. ETE 2.00% Existing
--------- --- ---- --------
Western Gas
Partners,
L.P. WES 2.00% Existing
----------- --- ---- --------
Tallgrass
Energy GP,
LP TEGP 2.00% NEW
----------- ---- ---- ---
MPLX LP MPLX 2.00% NEW
------- ---- ---- ---
Sunoco LP SUN 2.00% NEW
--------- --- ---- ---
American
Water Works
Company,
Inc. AWK 1.51% Existing
------------ --- ---- --------
Constituents removed, effective April 2, 2018:
Company Name Ticker
------------ ------
Buckeye Partners, L.P. BPL
---------------------- ---
CNX Midstream Partners LP CNXM
------------------------- ----
Enterprise Products
Partners, L.P. EPD
------------------- ---
Summit Midstream Partners,
LP SMLP
-------------------------- ----
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
