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About the company
Tortoise Midstream Energy Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund primarily invests in midstream energy entities that own and operate a network of pipeline and energy-related logistical infrastructure assets with an emphasis on those that transport, gather, process and store natural gas and natural gas liquids (NGLs). The Fund targets midstream energy entities, including master limited partnerships (MLPs) benefiting from the United States natural gas production and global consumption expansion with limited direct commodity exposure. The Fund invests at least 80% of its total investments in equity securities of midstream energy entities in the energy infrastructure sector, including MLPs, with at least 50% of its total investments in equity securities of natural gas infrastructure entities. Tortoise Capital Advisors, L.L.C. serves as an investment advisor of the Fund.
- Revenue in USD (TTM)7.44m
- Net income in USD73.21m
- Incorporated2010
- Employees--
- LocationTortoise Midstream Energy Fund6363 COLLEGE BOULEVARD, SUITE 100ALEAWOOD 66211United StatesUSA
- Phone+1 (913) 981-1020
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin Limited Duration Income Trust | 38.08m | 27.99m | 267.08m | -- | 9.54 | 0.9355 | -- | 7.01 | 0.6928 | 0.6928 | 0.9424 | 7.07 | 0.0894 | -- | 5.61 | -- | 6.57 | 2.67 | 7.44 | 3.03 | 70.53 | 73.42 | 73.51 | 42.66 | -- | -- | 0.2771 | 257.11 | 17.28 | 15.45 | 214.76 | -- | -- | -9.52 |
| MFS Charter Income Trust | -100.00bn | -100.00bn | 267.24m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| First Trust Senior Fltng Rate Incm Fd II | -100.00bn | -100.00bn | 268.41m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Nuveen Real Estate Income Fund | 13.16m | 40.70m | 268.99m | -- | 6.61 | 1.10 | -- | 20.43 | 1.41 | 1.41 | 0.4556 | 8.46 | 0.038 | -- | 7.91 | -- | 11.73 | -- | 12.01 | -- | 35.24 | -- | 309.17 | -- | -- | -- | 0.2831 | -- | -10.24 | -- | 133.04 | -- | -- | -- |
| Pimco Municipal Income Fund III | 21.88m | 4.62m | 270.34m | -- | 58.47 | 0.9937 | -- | 12.36 | 0.1382 | 0.1382 | 0.6545 | 8.13 | 0.0462 | -- | -- | -- | 2.39 | 1.06 | 2.40 | 1.07 | 80.59 | 91.65 | 51.66 | 25.16 | -- | 4.67 | 0.4007 | 606.67 | -8.97 | -6.84 | 122.60 | 64.12 | -- | 48.01 |
| Cohen & Strs Rl Est Opprtnts ad Incm Fnd | 16.21m | 17.43m | 271.40m | -- | 15.55 | 1.03 | -- | 16.74 | 1.04 | 1.04 | 0.9704 | 15.71 | 0.0379 | -- | 6.50 | -- | 4.08 | -- | 6.54 | -- | 20.64 | -- | 107.53 | -- | -- | -- | 0.3493 | -- | 22.37 | -- | 151.61 | -- | -- | -- |
| Rivernorth Opportunities Fund Inc | 16.06m | 37.97m | 272.24m | -- | 7.17 | 1.00 | -- | 16.95 | 1.77 | 1.77 | 0.7486 | 17.23 | 0.0394 | -- | 3.97 | -- | 10.63 | 5.79 | 11.85 | 6.49 | 68.12 | 61.49 | 269.86 | 153.62 | -- | -- | 0.0901 | 213.44 | -14.07 | 20.96 | 198.15 | 40.61 | -- | -8.49 |
| abrdn Emerging Markets Eqty Incm Fd Inc | 8.30m | 25.35m | 273.55m | -- | 10.79 | 0.8801 | -- | 32.96 | 0.4995 | 0.4995 | 0.1635 | 6.12 | 0.0239 | -- | 5.70 | -- | 7.31 | 1.08 | 7.40 | 1.10 | 34.76 | 63.72 | 305.46 | 34.01 | -- | -- | 0.1012 | 244.84 | -15.02 | -10.06 | 123.10 | -- | -- | 25.62 |
| Eaton Vance National Municipl Opprtnt Tr | 15.64m | 14.56m | 274.22m | -- | 18.83 | 0.9487 | -- | 17.53 | 0.9319 | 0.9319 | 1.00 | 18.50 | 0.0474 | -- | 3.36 | -- | 4.41 | 1.21 | 5.06 | 1.34 | 76.36 | 81.34 | 93.08 | 27.94 | -- | -- | 0.0032 | 292.79 | 8.36 | -2.42 | 192.71 | 1.24 | -- | -7.60 |
| Morgan Stanley India Investment Fund Inc | 2.41m | 86.55m | 275.14m | -- | 3.17 | 0.8707 | -- | 114.40 | 8.85 | 8.85 | 0.2462 | 32.27 | 0.0079 | -- | 4.50 | -- | 28.35 | -- | 28.43 | -- | -36.42 | -- | 3,598.88 | -- | -- | -- | 0.00 | -- | 6.52 | -- | 235.99 | -- | -- | -- |
| Western Asset Hgh Yld Dfnd pprtnty Fnd | 26.89m | 23.58m | 275.78m | -- | 11.70 | 1.01 | -- | 10.26 | 1.04 | 1.04 | 1.19 | 12.06 | 0.0957 | -- | 20.47 | -- | 8.39 | 2.28 | 8.59 | 2.33 | 90.93 | 89.42 | 87.69 | 27.83 | -- | 37.17 | 0.00 | 306.61 | -0.0855 | -1.57 | 426.79 | 2.43 | -- | 16.48 |
| Tortoise Midstream Energy Fund Inc | 7.44m | 73.21m | 277.86m | -- | 3.70 | 1.13 | -- | 37.33 | 14.77 | 14.77 | 1.50 | 48.45 | 0.026 | -- | 2.53 | -- | 25.60 | -16.83 | 26.14 | -17.20 | 42.11 | 22.82 | 983.64 | -1,220.75 | -- | -- | 0.1865 | -- | 24.35 | 22.92 | -89.42 | -21.18 | -- | -28.86 |
| Launch One Acquisition Corp | -100.00bn | -100.00bn | 286.93m | -- | -- | -- | -- | -- | -- | -- | -- | -0.0005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.08 | -- | -- | -- | -- | -- | -- | -- |
| Putnam Managed Municipal Income Trust | 19.29m | 13.79m | 287.24m | -- | 20.94 | 0.953 | -- | 14.89 | 0.2999 | 0.2999 | 0.4221 | 8.76 | 0.0445 | -- | -- | -- | 4.56 | 0.3404 | 4.62 | 0.3471 | 82.43 | 82.38 | 102.41 | 8.56 | -- | -- | 0.0298 | -- | 3.62 | -4.97 | 107.53 | 52.04 | -- | -1.98 |
Data as of Nov 13 2024. Currency figures normalised to Tortoise Midstream Energy Fund's reporting currency: US Dollar USD
30.63%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Saba Capital Management LPas of 30 Aug 2024 | 515.77k | 10.13% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Jun 2024 | 267.87k | 5.26% |
| Almitas Capital LLCas of 30 Jun 2024 | 180.72k | 3.55% |
| RiverNorth Capital Management LLCas of 30 Jun 2024 | 132.70k | 2.61% |
| Aristides Capital LLCas of 30 Jun 2024 | 105.32k | 2.07% |
| Meixler Investment Management Ltd.as of 30 Sep 2024 | 102.39k | 2.01% |
| Advisors Asset Management, Inc.as of 30 Sep 2024 | 80.12k | 1.57% |
| RBC Capital Markets LLC (Investment Management)as of 30 Jun 2024 | 68.01k | 1.34% |
| Wells Fargo Clearing Services LLCas of 30 Jun 2024 | 62.69k | 1.23% |
| Stansberry Asset Management LLCas of 30 Jun 2024 | 44.19k | 0.87% |
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Data from 30 Jun 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
