Director John Alban sold 1,234 shares of Cushing® NextGen Infrastructure Income Fund (NXG, Financial) on September 16, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 0 shares of the company.
Cushing® NextGen Infrastructure Income Fund (NXG, Financial) is focused on investing in companies and infrastructure assets that stand to benefit from the transition to lower carbon energy sources. The fund targets investments across various sectors, including utilities, renewables, and energy infrastructure, aiming to provide income and growth over time.
Over the past year, John Alban has sold a total of 1,234 shares and has not made any purchases of the stock. This recent sale marks a significant change in the insider's holdings, reducing their stake to zero.
The insider transaction history for Cushing® NextGen Infrastructure Income Fund shows a pattern of more insider buys than sells over the past year, with 6 insider buys and only 1 insider sell, including the recent transaction by the insider.
On the day of the sale, shares of Cushing® NextGen Infrastructure Income Fund were trading at $41.34. The company has a market cap of approximately $109.43 million. The price-earnings ratio of the stock is 13.18, which is above both the industry median and the company’s historical median.
This insider sale could be of interest to investors tracking insider behaviors and the overall investment patterns within the infrastructure and energy sectors, particularly those transitioning to greener energy sources.
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