Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Shares Acquired by Almitas Capital LLC

Almitas Capital LLC boosted its position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 873.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 576,065 shares of the investment management company’s stock after buying an additional 516,883 shares during the period. Tortoise Power and Energy Infrastructure Fund makes up approximately 2.5% of Almitas Capital LLC’s investment portfolio, making the stock its 7th largest position. Almitas Capital LLC’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $11,559,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund during the 4th quarter worth approximately $27,000. JPMorgan Chase & Co. acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at $47,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Tortoise Power and Energy Infrastructure Fund by 2,266.8% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 6,414 shares of the investment management company’s stock valued at $129,000 after purchasing an additional 6,143 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 19.4% during the 4th quarter. Sanctuary Advisors LLC now owns 46,133 shares of the investment management company’s stock worth $982,000 after buying an additional 7,480 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Tortoise Power and Energy Infrastructure Fund by 10.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 108,003 shares of the investment management company’s stock worth $2,167,000 after buying an additional 10,153 shares during the last quarter.

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of NYSE TPZ opened at $19.54 on Friday. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12 month low of $15.00 and a 12 month high of $22.30. The stock has a 50-day moving average price of $19.83 and a two-hundred day moving average price of $20.16.

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were paid a $0.0679 dividend. This represents a $0.81 annualized dividend and a yield of 4.17%. The ex-dividend date was Thursday, February 27th.

Tortoise Power and Energy Infrastructure Fund Company Profile

Tortoise Power and Energy Infrastructure Fund, Inc is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors, LLC. The fund invests in the fixed income and public equity markets of the United States. It invests in securities of companies operating in the power and energy infrastructure sectors.