Global listed infrastructure companies, on average, were up slightly — 0.10 percent in September — according to the Global Listed Infrastructure Organization benchmarks. Below is a summary of how the sectors performed.
Utilities
Global utilities were down 0.50 percent in September, on average. Of the U.S.-based electric/multi-utilities large-caps, only Dominion Energy (0.50 percent), PSE&G (1.7 percent), and Edison International (3.9 percent) made ground. In Europe, Enel (3.6 percent), TERNA (1.7 percent) and Centricia (8.1 percent) advanced. SSE lost 8.5 percent during the month. Year-to-date, global utilities remain slightly positive at 0.30 percent.
Oil and gas distribution
On average, global energy midstream companies declined 2.1 percent in September. Firstly, notable gains were made once again by Cheniere Energy (3.8 percent) and Targa Resources (2.3 percent). Large-caps Kinder Morgan (0.20 percent) and ONEO