First Trust New Opportunities MLP & Energy Fund (FPL) Stock
The First Trust New Opportunities MLP & Energy Fund operates as a closed-end balanced mutual fund, jointly overseen by First Trust Advisors L.P. and Energy Income Partners LLC.
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About First Trust New Opportunities MLP & Energy Fund
The First Trust New Opportunities MLP & Energy Fund operates as a closed-end balanced mutual fund, jointly overseen by First Trust Advisors L.P. and Energy Income Partners LLC. This U.S.-domiciled fund, established on October 15, 2013, primarily allocates capital across American public equity and fixed-income markets. Its investment mandate focuses on enterprises within the energy and utilities sectors. Specifically, the portfolio predominantly consists of equity and debt instruments issued by Master Limited Partnerships (MLPs) and associated organizations, complemented by dividend-yielding growth stocks from other energy and utility corporations. The fund measures its performance against a composite of benchmarks, including the S&P 500 Index, the Alerian MLP Total Return Index, and the Wells Fargo Midstream MLP Total Return Index.
First Trust New Opportunities MLP & Energy Fund is headquartered in US.
First Trust New Opportunities MLP & Energy Fund (FPL) stock trades at $7.76 with a market capitalization of $181.95M. The stock is valued at a price-to-earnings (P/E) ratio of 13.61, price-to-book of 1.07, price-to-sales of 16.49. Over the past 52 weeks the stock has ranged between $5.73 and $7.77, and currently trades at its 52-week high. It pays a dividend yielding 3.03%.
On profitability, First Trust New Opportunities MLP & Energy Fund generates a return on equity (ROE) of 7.93%, return on capital employed of 4.84%, an operating margin of 94.40%, a net profit margin of 121.37%.
Official website: www.ftportfolios.com/Retail/Cef/CefSummary.aspx?Ticker=FPL