Kayne Anderson Capital Advisors LP Sells 3,600 Shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Kayne Anderson Capital Advisors LP lessened its position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZGet Rating) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,900 shares of the investment management company’s stock after selling 3,600 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $911,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TPZ. Private Trust Co. NA bought a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 2nd quarter worth approximately $25,000. Wolverine Asset Management LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 2nd quarter worth approximately $60,000. Captrust Financial Advisors bought a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 2nd quarter worth approximately $129,000. Eudaimonia Partners LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund during the 1st quarter valued at approximately $158,000. Finally, Truist Financial Corp increased its stake in Tortoise Power and Energy Infrastructure Fund by 14.2% during the 2nd quarter. Truist Financial Corp now owns 15,359 shares of the investment management company’s stock valued at $192,000 after purchasing an additional 1,910 shares in the last quarter.

Tortoise Power and Energy Infrastructure Fund Trading Down 1.2 %

Tortoise Power and Energy Infrastructure Fund stock traded down $0.17 during mid-day trading on Wednesday, reaching $13.63. 1,888 shares of the company traded hands, compared to its average volume of 16,068. Tortoise Power and Energy Infrastructure Fund, Inc. has a fifty-two week low of $11.91 and a fifty-two week high of $14.99. The firm’s fifty day moving average is $13.27 and its two-hundred day moving average is $13.27.

Tortoise Power and Energy Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 24th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.26 dividend on an annualized basis and a yield of 9.24%.

Insider Buying and Selling at Tortoise Power and Energy Infrastructure Fund

In related news, Director Conrad S. Ciccotello purchased 3,900 shares of the business’s stock in a transaction on Thursday, December 29th. The shares were acquired at an average price of $12.76 per share, for a total transaction of $49,764.00. Following the purchase, the director now owns 10,093 shares of the company’s stock, valued at approximately $128,786.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Tortoise Power and Energy Infrastructure Fund

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ)

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