Published Thu, 11 Apr 2019 09:17:40 -0400 on Seeking Alpha
Co-produced with Rida Morwa of High Dividend Opportunities.
Center Coast MLP & Infrastructure Fund (CEN) offers a covered monthly distribution payment to investors. Focused on MLPs and infrastructure, it allows investors of all stripes to benefit from the MLPs without having to worry about a K-1 at tax time.
CEN invests heavily in big name MLPs. It is a closed-end fund (CEF) managed by Brookfield Asset Management (BAM), which lends its expertise in finding high-quality investments at bargain valuations.
Source: CEN Factsheet
These sectors have been beaten down lately, taking CEN's NAV and market price with it. Currently, CEN trades closely with its Net Asset Value (NAV) and currently trades at a premium to its NAV.
Data by YCharts
The positive outlooks in the MLP and quality of CEN's holdings continue to bring this fund into the premium territory. CEN's top ten public holdings tell a tale regarding their choices (updated last by CEN on 12/31/2018):
Company Ticker Percent Enterprise (EPD) 8.54 Williams Cos Inc. (WMB) 8.22 Energy Transfer LP (ET) 8.11 Targa Resources Corp. (TRGP) 6.38 Plains All American Pipeline LP (PAA) 6.28 Western Gas Partners (Now Western Midstream Partners) (WES) 6.18 NuStar Energy LP (NS) 5.67 Enbridge Inc. (ENB) 5.12 Andeavor Logistics LP (ANDX) 4.94 EnLink Midstream Partners LP (Now EnLink Midstream) (ENLC) 4.93
These various MLPs are seeing strength this year since December's... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|ENLINK MIDSTREAM LLC||8.17||0.0||-0.78||1.13||13.79|
|ANDEAVOR LOGISTICS LP||32.17||12.5||2.57||4.12||12.01|
|ENERGY INCOME AND GROWTH FUND||21.37||0.0||0.00||0.00||10.84|
|FIRST TRUST MLP AND ENERGY INCOME FUND||11.38||36.7||0.31||0.00||10.50|
|WESTERN GAS PARTNERS||24.62||15.5||1.59||2.47||9.98|
|PLAINS ALL AM. PIPELINE||21.20||5.3||3.99||1.44||6.75|
|KKR & CO LP||28.05||10.7||2.63||0.50||1.86|
|BROOKFIELD ASSET MANAGEMENT||53.61||18.4||2.92||0.64||1.22|
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