Tortoise Midstream Energy Fund, Inc.

Tortoise Midstream Energy Fund, Inc.verified

NTG

Price:

$47.38

Market Cap:

$241.30M

Tortoise MLP Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It invests in public equity markets. The fund primarily invests in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships. It employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise MLP Fund, Inc. was formed on July 27, 2010 is domiciled in United States.[Read more]

Industry

Asset Management

IPO Date

2010-07-29

Stock Exchange

NYSE

Ticker

NTG

The ROE as of September 2024 (TTM) for Tortoise Midstream Energy Fund, Inc. (NTG) is 31.57%

According to Tortoise Midstream Energy Fund, Inc.’s latest financial reports and current stock price. The company's current ROE is 31.57%. This represents a change of 524.27% compared to the average of 5.06% of the last 4 quarters.

Tortoise Midstream Energy Fund, Inc. (NTG) Historical ROE (quarterly & annually)

How has NTG ROE performed in the past?

The mean historical ROE of Tortoise Midstream Energy Fund, Inc. over the last ten years is -32.28%. The current 31.57% ROE has changed -197.80% with respect to the historical average. Over the past ten years (40 quarters), NTG's ROE was at its highest in in the November 2023 quarter at 16.43%. The ROE was at its lowest in in the May 2020 quarter at -302.08%.

Quarterly (TTM)
Annual

Average

-32.28%

Median

2.85%

Minimum

-329.04%

Maximum

31.03%

Tortoise Midstream Energy Fund, Inc. (NTG) ROE by Quarter and Year

Discovering the peaks and valleys of Tortoise Midstream Energy Fund, Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.46%

Maximum Annual ROE = 31.03%

Minimum Annual Increase = -942.88%

Minimum Annual ROE = -329.04%

Quarterly (TTM)
Annual
YearROEChange
20233.20%-88.45%
202227.73%-10.63%
202131.03%-109.43%
2020-329.04%1.46%
2019-21.04%-942.88%
20182.50%-125.40%
2017-9.83%-183.59%
201611.76%-123.10%
2015-50.90%-531.80%
201411.79%-35.76%

Tortoise Midstream Energy Fund, Inc. (NTG) Average ROE

How has NTG ROE performed in the past?

The current ROE of Tortoise Midstream Energy Fund, Inc. (NTG) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

20.65%

5-year avg

-57.62%

10-year avg

-32.28%

Tortoise Midstream Energy Fund, Inc. (NTG) ROE vs. Peers

How is NTG’s ROE compared to its peers?

Tortoise Midstream Energy Fund, Inc.’s ROE is less than Tortoise Power and Energy Infrastructure Fund, Inc. (23.97%), less than Kayne Anderson NextGen Energy & Infrastructure, Inc. (1.72%), less than Ecofin Sustainable and Social Impact Term Fund (2.38%), less than RiverNorth Opportunistic Municipal Income Fund, Inc. (7.22%), less than Tortoise Energy Independence Fund, Inc. (28.99%), greater than Flow Capital Corp. (0.28%), less than Blackhawk Growth Corp. (1.32%), less than Mount Logan Capital Inc. (50.64%), less than Tortoise Energy Infrastructure Corporation (20.31%), less than DTF Tax-Free Income 2028 Term Fund Inc. (0.36%), less than Destra Multi-Alternative Fund (7.05%), less than NXG NextGen Infrastructure Income Fund (7.57%), less than Tortoise Pipeline & Energy Fund, Inc. (28.72%), greater than Invesco High Income 2023 Target Term Fund (-2.10%), less than Abrdn Australia Equity Fund Inc (3.70%), less than ClearBridge MLP and Midstream Total Return Fund Inc. (30.84%), less than Nuveen Multi-Market Income Fund (30.93%), less than AllianceBernstein National Municipal Income Fund, Inc. (2.44%), less than Eaton Vance Short Duration Diversified Income Fund (11.96%), less than Virtus Diversified Income & Convertible Fund (9.35%), less than Ares Dynamic Credit Allocation Fund, Inc. (15.84%), less than DWS Municipal Income Trust (2.78%),

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