Welcome to our dedicated page for ClearBridge Energy Midstream Opportunity news (Ticker: EMO), a resource for investors and traders seeking the latest updates and insights on ClearBridge Energy Midstream Opportunity stock.
Overview of ClearBridge Energy Midstream Opportunity (EMO)
ClearBridge Energy Midstream Opportunity (EMO) represents a specialized closed‐end investment vehicle that focuses on the midstream sector of the energy industry. Through its diversified portfolio, the fund strategically invests in assets such as pipelines, storage facilities, and transportation networks that are critical for the movement and processing of energy products. This investment approach not only provides exposure to the core midstream infrastructure but also leverages detailed risk management strategies inherent in asset-based investments.
Business Model and Core Operations
The fund operates by channeling investor capital into a wide range of midstream energy assets. By doing so, it aims to capture the value of stable, dividend‐generating infrastructure that plays an essential role in the energy supply chain. The business model is built on thorough due diligence, sector expertise, and a focus on assets that offer steady income streams and potential for capital appreciation over time.
Market Position and Industry Context
In an industry that is characterized by significant regulatory oversight and operational complexity, EMO distinguishes itself by targeting a critical niche in the energy value chain: midstream operations. The fund is positioned within the broader financial services and asset management sectors, with a specific focus on energy infrastructure. Thoughtful investment in midstream assets allows EMO to remain resilient in fluctuating market conditions while providing investors with an avenue for exposure to integral components of energy logistics and distribution.
Value Proposition and Investment Strategy
EMO offers a unique value proposition by combining specialized industry knowledge with a diversified investment portfolio of energy midstream facilities. Key elements in its strategy include:
- Diversification: Exposure to various segments of the energy infrastructure sector minimizes concentration risks.
- Risk Management: A research‐driven, risk-aware approach to selecting assets that are foundational to the midstream industry.
- Income Generation: Investments that focus on stable cash flows, often associated with mature infrastructure operations.
Understanding the Product and Its Relevance
The fund is designed for investors who are looking for a concentrated exposure to the midstream sector without the need to directly manage complex infrastructure operations. By investing in assets that are essential to the energy distribution network, EMO helps in mitigating the volatility often associated with other segments of the energy market. This makes it an attractive proposition for those seeking a balance between yield and operational stability.
Comparative Analysis and Industry Differentiation
Within the crowded investment landscape, EMO is differentiated by its focused investment theme and detailed operational expertise. Unlike more generalized funds that span multiple sectors, its singular concentration on the midstream energy niche allows for a deep dive into the operational metrics that matter most in this field. The fund’s structure and its strategic asset selection set it apart by providing investors with a clear, methodical approach to energy infrastructure investments.
Final Considerations
The comprehensive strategy employed by ClearBridge Energy Midstream Opportunity underscores its role as a key platform for accessing high-quality energy midstream assets. It synthesizes detailed market research, robust risk management, and careful asset allocation to serve investors who value strategic exposure to the stability and growth potential inherent in energy infrastructure. This detailed insight into the fund’s operations supports investors in gaining a clearer understanding of its market significance and operational dynamics.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has released its unaudited financial statement as of March 31, 2025. The Fund reported net assets of $1,006.3 million with a net asset value per share of $55.32. The Fund's asset coverage ratios under the Investment Company Act of 1940 were 634% for senior indebtedness and 437% for total leverage.
The Fund's total assets stood at $1,391.6 million, including investments worth $1,347.7 million, cash equivalents of $32.5 million, and other assets of $11.4 million. The Fund's top holdings include Energy Transfer LP (11.2%), Targa Resources Corp. (11.0%), and ONEOK Inc. (8.9%), with the top ten holdings representing 75.2% of total equity investments.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has released its unaudited financial statement as of February 28, 2025. The Fund reported net assets of $1,003.6 million and a net asset value per share of $55.17.
The Fund's asset coverage ratios under the Investment Company Act of 1940 showed strong leverage management, with 604% coverage for senior indebtedness and 424% coverage for total leverage. The Fund is a non-diversified, closed-end management investment company managed by Franklin Templeton Fund Adviser, and subadvised by ClearBridge Investments, , both indirect subsidiaries of Franklin Resources, Inc.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) has released its unaudited financial statement as of January 31, 2025. The Fund reported net assets of $983.7 million with a net asset value per share of $54.08. The Fund's asset coverage ratio under the Investment Company Act of 1940 was 573% for senior indebtedness and 408% for total leverage.
The Fund's portfolio includes total investments of $1,343.2 million, with cash and cash equivalents of $21.1 million. The top holdings include Energy Transfer LP (12.4%), Targa Resources Corp. (10.8%), and ONEOK Inc. (8.8%), with the top ten holdings representing 74.9% of total equity investments.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) has released its unaudited financial statement as of December 31, 2024. The Fund reported net assets of $930.5 million and a net asset value per share of $51.15. The Fund's total assets stand at $1,312.0 million, with investments valued at $1,282.2 million.
The Fund maintains strong asset coverage ratios, with 550% coverage for senior indebtedness and 391% for total leverage under the Investment Company Act of 1940. Total leverage amounts to $319.9 million, including senior notes, loans, and mandatory redeemable preferred shares.
The Fund's portfolio is concentrated in major energy infrastructure companies, with its top ten equity holdings representing 74.3% of total equity investments. The largest positions include Energy Transfer LP (12.4%), Targa Resources Corp. (10.3%), and ONEOK Inc. (9.5%).
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has released its unaudited financial statement as of November 30, 2024. The Fund reported net assets of $1,015.4 million with a net asset value per share of $55.82. The Fund's asset coverage ratio under the Investment Company Act of 1940 was 587% for senior indebtedness and 417% for total leverage.
The Fund's portfolio includes significant investments in major energy companies, with the top three holdings being Energy Transfer LP (11.7%), Targa Resources Corp. (10.9%), and ONEOK Inc. (10.0%). The top ten equity holdings represent 74.4% of total equity investments.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited financial statement as of October 31, 2024. The Fund reported net assets of $874.8 million with a net asset value per share of $48.09. The Fund's asset coverage ratio was 525% for senior indebtedness and 373% for total leverage. Total assets stood at $1,252.1 million, including $1,203.3 million in investments and $41.4 million in cash. The Fund's top holdings include Energy Transfer LP (11.1%), Targa Resources Corp. (10.2%), and ONEOK Inc. (9.8%), with the top ten holdings representing 73.2% of total equity investments.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has released its unaudited financial statement as of September 30, 2024. The Fund's net assets were $860.2 million, with a net asset value per share of $47.29. The Fund's asset coverage ratio under the Investment Company Act of 1940 was 519% for senior indebtedness and 369% for total leverage.
The Fund's total assets were $1,231.8 million, including $1,176.3 million in investments. The total leverage stood at $319.9 million. The Fund's top ten equity holdings represent 72.2% of total equity investments, with Energy Transfer LP being the largest at 11.1%.
It's noted that effective September 9, 2024, ClearBridge MLP and Midstream Fund Inc. (CEM) and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) merged into EMO.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has announced a change in its portfolio management team. Chris Eades will retire and step down from the team effective December 31, 2024. The Fund will continue to be managed by ClearBridge Investments, portfolio managers Peter Vanderlee, CFA and Patrick McElroy, CFA.
The Fund is a non-diversified, closed-end management investment company managed by Franklin Templeton Fund Adviser, (FTFA) and subadvised by ClearBridge. Both FTFA and ClearBridge are indirect wholly-owned subsidiaries of Franklin Resources, Inc., which operates as Franklin Templeton.
ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) has announced significant changes to its distribution policy. Starting September 2024, EMO will switch from quarterly to monthly distributions. The fund declared a monthly distribution of $0.33 per share for September, October, and November, equivalent to $0.99 per quarter. This represents a 48% increase from the previous quarterly distribution.
The investment manager and Board believe these changes will enhance shareholder total returns and potentially reduce the Fund's discount to its net asset value (NAV). The new distribution schedule includes specific record, ex-dividend, and payable dates for each month. EMO's investment manager, Franklin Templeton Fund Adviser, , is a subsidiary of Franklin Resources, Inc.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has announced the completion of mergers with ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) and ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR). The mergers became effective on September 9, 2024, with CEM and CTR stockholders becoming EMO stockholders. The conversion was based on each fund's net asset value (NAV) as of September 6, 2024:
- EMO: $46.6960
- CEM: $51.9511
- CTR: $47.0194
The conversion ratios were 1.112539 EMO shares for each CEM share and 1.006926 EMO shares for each CTR share. EMO's post-merger net assets totaled $849,413,976, with a NAV per common share of $46.6960 based on approximately 18,190,295 shares outstanding.
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