AMEX:FEN

Stock Analysis Report

First Trust Energy Income and Growth Fund

Executive Summary

First Trust Energy Income and Growth Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P.

Rewards


Snowflake Analysis

Share Price & News

How has First Trust Energy Income and Growth Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FEN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

23.5%

FEN

19.7%

US Capital Markets

12.5%

US Market


1 Year Return

-58.2%

FEN

-13.2%

US Capital Markets

-12.7%

US Market

Return vs Industry: FEN underperformed the US Capital Markets industry which returned -13.2% over the past year.

Return vs Market: FEN underperformed the US Market which returned -12.7% over the past year.


Shareholder returns

FENIndustryMarket
7 Day23.5%19.7%12.5%
30 Day-50.8%-16.9%-14.7%
90 Day-59.3%-23.7%-21.5%
1 Year-53.7%-58.2%-11.5%-13.2%-10.9%-12.7%
3 Year-53.7%-65.6%6.8%0.7%12.6%5.4%
5 Year-56.7%-73.1%32.7%20.3%31.9%17.5%

Price Volatility Vs. Market

How volatile is First Trust Energy Income and Growth Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is First Trust Energy Income and Growth Fund undervalued compared to its fair value and its price relative to the market?

3.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FEN ($9.21) is trading below our estimate of fair value ($9.53)

Significantly Below Fair Value: FEN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FEN is good value based on its PE Ratio (9.9x) compared to the Capital Markets industry average (32.5x).

PE vs Market: FEN is good value based on its PE Ratio (9.9x) compared to the US market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FEN is good value based on its PB Ratio (0.5x) compared to the US Capital Markets industry average (7.2x).

Future Growth

How is First Trust Energy Income and Growth Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Trust Energy Income and Growth Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has First Trust Energy Income and Growth Fund performed over the past 5 years?

17.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FEN has a large one-off gain of $14.1M impacting its November 30 2019 financial results.

Growing Profit Margin: FEN's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: FEN's earnings have grown by 17.3% per year over the past 5 years.

Accelerating Growth: FEN's earnings growth over the past year (7.5%) is below its 5-year average (17.3% per year).

Earnings vs Industry: FEN earnings growth over the past year (7.5%) underperformed the Capital Markets industry 9.7%.


Return on Equity

High ROE: FEN's Return on Equity (4.7%) is considered low.

Financial Health

How is First Trust Energy Income and Growth Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FEN has a low level of unsold assets or inventory.

Debt Coverage by Assets: FEN's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: FEN's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if FEN has a sufficient allowance for bad loans.

Low Risk Liabilities: FEN reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if FEN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FEN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if FEN has an appropriate level of bad loans.

Dividend

What is First Trust Energy Income and Growth Fund's current dividend yield, its reliability and sustainability?

25.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FEN's dividend (25.19%) is higher than the bottom 25% of dividend payers in the US market (1.98%).

High Dividend: FEN's dividend (25.19%) is in the top 25% of dividend payers in the US market (5.49%)


Stability and Growth of Payments

Stable Dividend: FEN's dividends per share have been stable in the past 10 years.

Growing Dividend: FEN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (250.3%), FEN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

16.2yrs

Average board tenure


CEO

First Trust Energy Income and Growth Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Niel Nielson
Independent Trustee16.17yrsUS$8.74k0.0036% $6.5k
Thomas Kadlec
Lead Independent Trusteeno dataUS$8.58k0.0035% $6.5k
Richard Erickson
Independent Trustee16.17yrsUS$8.81k0.0029% $5.3k
James Bowen
Chairmanno datano datano data
Robert Keith
Independent Trustee13.75yrsUS$8.96kno data

16.2yrs

Average Tenure

64yo

Average Age

Experienced Board: FEN's board of directors are seasoned and experienced ( 16.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Trust Energy Income and Growth Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • First Trust Energy Income and Growth Fund
  • 120 East Liberty Drive
  • Suite 400
  • Wheaton
  • Illinois
  • 60187
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FENAMEX (NYSE MKT LLC)YesCommon SharesUSUSDJun 2004

Biography

First Trust Energy Income and Growth Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector, including companies in the business of transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or electricity, or exploring, developing, managing or producing such commodities or products, or in supplying energy-related products and services. The fund primarily invests in growth stocks of companies, energy sector MLPs, and MLP-related entities. It employs a combination of fundamental and quantitative analysis, focusing on such factors as debt to cash flows, coverage ratios, incentive structure, management team, track record of distribution, and dividend growth to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P 500 Index, Barclays Capital U.S. Credit Index of Corporate Bonds, Alerian MLP Total Return Index, Wells Fargo Midstream MLP Total Return Index, and composite index comprised of 50% Alerian MLP Total Return Index and 50% Wells Fargo Midstream MLP Total Return Index. It was formerly known as Energy Income & Growth Fund. First Trust Energy Income and Growth Fund was formed on March 25, 2004 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 03:09
End of Day Share Price2020/03/27 00:00
Earnings2019/11/30
Annual Earnings2019/11/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.