DALLAS, June 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 June 29, 2018, the constituents of the Index will be
rebalanced, and the following changes will become effective on
July 2, 2018:
Cushing® Utility
Index constituents, effective July 2,
2018:
|
Company
Name
|
Ticker
|
Index
Weight
|
Status
|
|
SCANA
Corporation
|
SCG
|
4.78%
|
Existing
|
|
PPL
Corporation
|
PPL
|
4.38%
|
Existing
|
|
The Southern
Company
|
SO
|
3.89%
|
Existing
|
|
Dominion Energy,
Inc.
|
D
|
3.67%
|
Existing
|
|
Duke Energy
Corporation
|
DUK
|
3.41%
|
Existing
|
|
Entergy
Corporation
|
ETR
|
3.24%
|
Existing
|
|
CenterPoint Energy,
Inc.
|
CNP
|
3.08%
|
Existing
|
|
FirstEnergy
Corp.
|
FE
|
3.01%
|
Existing
|
|
The AES
Corporation
|
AES
|
2.93%
|
Existing
|
|
Edison
International
|
EIX
|
2.92%
|
Existing
|
|
Consolidated Edison,
Inc.
|
ED
|
2.78%
|
Existing
|
|
American Electric
Power Company, Inc.
|
AEP
|
2.70%
|
Existing
|
|
Eversource
Energy
|
ES
|
2.64%
|
Existing
|
|
Pinnacle West Capital
Corporation
|
PNW
|
2.62%
|
Existing
|
|
WEC Energy Group,
Inc.
|
WEC
|
2.61%
|
Existing
|
|
DTE Energy
Company
|
DTE
|
2.59%
|
Existing
|
|
Xcel Energy
Inc.
|
XEL
|
2.53%
|
Existing
|
|
Public Service
Enterprise Group Inc.
|
PEG
|
2.47%
|
Existing
|
|
Exelon
Corporation
|
EXC
|
2.41%
|
Existing
|
|
Alliant Energy
Corporation
|
LNT
|
2.38%
|
Existing
|
|
Sempra
Energy
|
SRE
|
2.32%
|
Existing
|
|
CMS Energy
Corporation
|
CMS
|
2.31%
|
Existing
|
|
NiSource
Inc.
|
NI
|
2.30%
|
Existing
|
|
Ameren
Corporation
|
AEE
|
2.29%
|
Existing
|
|
Evergy,
Inc.
|
EVRG
|
2.15%
|
NEW
|
|
Alliance Resource
Partners, L.P.
|
ARLP
|
2.00%
|
Existing
|
|
EnLink Midstream
Partners, LP
|
ENLK
|
2.00%
|
Existing
|
|
Dominion Energy
Midstream Partners, LP
|
DM
|
2.00%
|
Existing
|
|
Andeavor Logistics
LP
|
ANDX
|
2.00%
|
Existing
|
|
DCP Midstream,
LP
|
DCP
|
2.00%
|
Existing
|
|
Western Gas Partners,
L.P.
|
WES
|
2.00%
|
Existing
|
|
Crestwood Equity
Partners LP
|
CEQP
|
2.00%
|
Existing
|
|
EQT Midstream
Partners, LP
|
EQM
|
2.00%
|
Existing
|
|
Enable Midstream
Partners, LP
|
ENBL
|
2.00%
|
Existing
|
|
Energy Transfer
Equity, L.P.
|
ETE
|
2.00%
|
Existing
|
|
MPLX LP
|
MPLX
|
2.00%
|
NEW
|
|
Energy Transfer
Partners, L.P.
|
ETP
|
2.00%
|
Existing
|
|
NextEra Energy,
Inc.
|
NEE
|
1.99%
|
Existing
|
|
American Water Works
Company, Inc.
|
AWK
|
1.60%
|
Existing
|
Constituents removed, effective July
2, 2018:
|
Company
Name
|
Ticker
|
|
AmeriGas Partners,
L.P.
|
APU
|
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