Cushing NextGen(NXG) Soars 3.80% on Dividend, Institutional Buying

The share price of Cushing NextGen(NXG) rose to its highest level since February 2025 today, with an intraday gain of 3.80%.

The strategy of buying NXG shares after they reached a recent high and holding for 1 week resulted in a 9.16% annual return with 66.88% of months experiencing positive returns, based on a backtest with available data from February 2011 to April 2025. However, the benchmark achieved a higher annual return of 13.81% with 69.38% of months in positive territory. This suggests that while NXG provided decent returns, the benchmark outperformed significantly. Monthly returns for the portfolio and benchmark are as follows:

Cushing NextGen's recent stock price increase can be attributed to several key factors. The company's announcement and payment of a significant dividend, with a yield of 13.02%, has attracted more investors, contributing to the positive market response. This dividend payout has likely played a crucial role in boosting investor confidence and driving the stock price upward.

In addition to the dividend, institutional investment activity has been notable. Comerica Bank and Raymond James Financial Inc. have shown significant acquisition activity, indicating increased confidence in the fund. This institutional support has likely contributed to the stock's upward movement, as these large investors often have a substantial impact on market sentiment and stock prices.