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July 2025
In the following commentary, Portfolio Manager Ben Cook and Josh Wein discuss the Fund’s disciplined process throughout the volatility driven by tariff uncertainty and geopolitical developments.
Utilities have delivered strong returns in 2025, fueled by demand trends, earnings growth and their defensive nature, positioning natural gas utilities as a compelling opportunity amid market uncertainty.
Midstream companies continued their strong performance in 2025. The following commentary summarizes the long-term appeal of midstream companies in a volatile market year.
June 2025
Energy is a large and complex sector. The sector’s broad sub-industries can be divided into a “value chain,” each segment of which has different characteristics and offers different investment opportunities.
The Hennessy Gas Utility Fund is a convenient and simple way for investors to invest in the group of publicly traded members of the American Gas Association (AGA). The Fund’s Portfolio Managers attended the AGA Financial Forum recently to gain insight into trends affecting natural gas companies. The following highlights their takeaways from the Financial Forum.
January 2025
The Portfolio Managers Ben Cook, CFA and Josh Wein share their insights on midstream companies’ strong performance over the past year, their shareholder-friendly capital allocation approach and current valuations.
On this episode of Viewpoints by Hennessy, Portfolio Manager of the Energy Transition Fund and Midstream Fund, Ben Cook discusses the evolving energy landscape and investment opportunities. Learn about the implications of a new U.S. administration on energy markets, including potential shifts in regulations and policies, how environmental regulations and policies influence investment decisions within this sector, and why the rise of AI is driving increased demand for electricity and its impact on various energy sources.
The U.S. continues to be an engine of growth when it comes to energy production. The following commentary summarizes the 2024 market and what to expect in the new year.
Following natural gas utilities’ strong 2024 performance highlighted by robust earnings growth, many factors could drive the stocks in the new year including U.S. energy policies, artificial intelligence (AI), and attractive dividend levels.
September 2024
With a global shift to renewable energy and rising urbanization, copper demand is expected to grow while supply remains constrained. We believe copper miners such as Freeport-McMoRan, are poised to benefit from this trend.
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