Quantisnow Logo
Dashboard
Subscribe to $TPZ

Tortoise Power and Energy Infrastructure Fund Inc

$TPZ
Investment Managers
Finance

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. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like comparison of quantitative, qualitative, and relative value factors to create its portfolio. It was formerly known as Tortoise Power and Energy Income Company. Tortoise Power and Energy Infrastructure Fund, Inc. was formed on July 5, 2007 and is domiciled in the United States.

IPO Year: 2009

Exchange: NYSE

Website: tortoiseadvisors.com/TPZ.cfm

Recent Analyst Ratings for Tortoise Power and Energy Infrastructure Fund Inc

DatePrice TargetRatingAnalyst
3/2/2022$22.50 → $25.00Outperform
RBC Capital
See more ratings

Tortoise Power and Energy Infrastructure Fund Inc Press Releases

Fastest customizable press release news feed in the world

See more

  • Tortoise Capital Completes Merger of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP), and Tortoise Energy Independence Fund, Inc. (NYSE: NDP) and Conversion to Actively Managed ETF

    OVERLAND PARK, KS / ACCESSWIRE / December 23, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced the completion of a strategic merger of three closed-end funds and conversion to an actively managed exchanged-traded fund (ETF).Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP), and Tortoise Energy Independence Fund, Inc. (NYSE:NDP) have merged into a newly formed ETF, with TPZ emerging as the surviving strategy.The Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) is adopting the accounting and performance history of the closed-end fund, offering continuit

    $NDP
    $TEAF
    $TPZ
    $TTP
    Finance/Investors Services
    Finance
    Trusts Except Educational Religious and Charitable
    Investment Managers

  • Tortoise Capital Announces Index Updates for Fourth Quarter 2024

    OVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the fourth quarter of 2024. Following the close of trading on Friday, Dec. 20, 2024, the indices will be rebalanced according to their stated methodologies and as a result, the following changes will become effective.Tortoise MLP Index ®(TMLP/TMLPT)ActionCompanyTicker No Changes Tortoise North American Pipeline IndexSM(TNAP/TNAPT)ActionCompanyTicker No Changes Tortoise Global Water ESG IndexSM(TGWESG/TGWESGT)ActionCompanyTickerAdditionCalifornia Water Service GroupCWTTortoise Decarbonization Infrastructure Index

    $EOSE
    $EVGO
    $TPZ
    Industrial Machinery/Components
    Miscellaneous
    EDP Services
    Technology

  • Tortoise Pipeline & Energy Fund, Inc. Provides Section 19(a) Notice

    OVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) with information regarding the sources of the distributions paid on Dec 13, 2024, and cumulative distributions paid fiscal year-to-date.The following table sets forth the estimated amounts of the current distributions, payable Dec. 13, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common sh

    $TPZ
    $TTP
    Investment Managers
    Finance
    Trusts Except Educational Religious and Charitable

  • Tortoise Capital Announces Tortoise Decarbonization Infrastructure Index Constituent Changes Due to Corporate Action

    OVERLAND PARK, KS / ACCESSWIRE / December 11, 2024 / Tortoise Capital today announced that Atlantica Sustainable Infrastructure PLC (NASDAQ:AY) will be removed from the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of its announced acquisition by Energy Capital Partners. As a result, AY will be removed from the Index when the market opens on Dec. 12, 2024.Special rebalancing is not required for DCRBN. AY will be removed, and its weight distributed pro rata to remaining Index constituents.About Tortoise Index Solutions (TIS)TIS provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of ess

    $AY
    $TPZ
    Electric Utilities: Central
    Utilities
    Investment Managers
    Finance

  • Tortoise Capital Announces Shareholder Approval of Closed-End Fund Mergers and Conversion to Actively Managed ETF

    OVERLAND PARK, Kan., Dec. 5, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced it received shareholder approval of two strategic fund merger proposals involving closed-end funds and the conversion to an actively managed ETF. These changes align with the firm's commitment to providing innovative investment solutions that are intended to enhance shareholder value and operational efficiency. Subject to the satisfaction of certain customary closing conditions, Tortoise Capital expects the mergers and ETF conversion to become effective, and trading of the merged funds will cease, before the market opens on Dec. 2

    $NDP
    $NTG
    $TPZ
    $TTP
    Finance/Investors Services
    Finance
    Finance Companies
    Investment Managers

  • Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of November 29, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF

    OVERLAND PARK, KS / ACCESSWIRE / December 2, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Nov. 29, 2024, the company's unaudited total assets were approximately $692.4 million and its unaudited net asset value was $562.2 million, or $52.23 per share.As of Nov. 29, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 753%, and its coverage ratio for preferred shares was 542%. For more information on the company's covera

    $NDP
    $NTG
    $TEAF
    $TPZ
    Finance/Investors Services
    Finance
    Finance Companies
    Trusts Except Educational Religious and Charitable

  • Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice

    OVERLAND PARK, KS / ACCESSWIRE / November 29, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the sources of the distributions paid on Nov. 29, 2024, and cumulative distributions paid fiscal year-to-date.The following table sets forth the estimated amounts of the current distributions, payable Nov. 29, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital

    $TPZ
    $TTP
    Investment Managers
    Finance
    Trusts Except Educational Religious and Charitable

  • Tortoise Capital Announces Excise Distributions for NTG, TTP and NDP

    Distribution Amounts and Dates Declared for:Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP) OVERLAND PARK, KS / ACCESSWIRE / November 25, 2024 / Tortoise Capital announced excise tax distributions declared by three of its closed-end funds: NTG, TTP, and NDP. These excise distributions are payable on Dec. 13, 2024, to shareholders of record on Dec. 6, 2024.Tortoise Capital closed-end funds excise tax distribution details are as follows:Per ShareFundTickerDistributionAmountTortoise Midstream Energy Fund, Inc.NTG$0.530Tortoise Pipeline & Energy Fund, Inc.TTP$0.175Tortoise Energy Independence Fund,

    $NDP
    $NTG
    $TPZ
    $TTP
    Finance/Investors Services
    Finance
    Finance Companies
    Investment Managers

  • Tortoise Capital Announces 2024 Estimated Capital Gain Distributions for its Open End Mutual Funds

    OVERLAND PARK, KS / ACCESSWIRE / November 8, 2024 / Tortoise Capital today announced the estimated capital gain distributions for its open end mutual funds to be paid in the calendar year 2024.To assist our shareholders with year-end planning, we are providing estimates of the per-share capital gain distributions expected to be paid during 2024. These estimates were prepared using capital gain amounts as of October 31, 2024. The estimates are being provided for informational purposes only and may not include all required tax adjustments. The final per-share amounts will be based on the actual number of shares outstanding on the Fund's record date which may differ significantly from the numbe

    $TPZ
    Investment Managers
    Finance

  • Tortoise Capital Announces Closed-End Fund Distributions

    Distribution Amounts and Dates Declared for:Tortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESSWIRE / November 4, 2024 / Tortoise Capital announced distributions declared by its closed-end funds.Tortoise Capital closed-end funds distribution details are as follows:FundTickerDistributionAmountDistribution Target of Average NAVDistributionFrequencyTortoise Energy Infrastructure Corp.TYG$0.787%-10%QuarterlyTor

    $NDP
    $NTG
    $TEAF
    $TPZ
    Finance/Investors Services
    Finance
    Finance Companies
    Trusts Except Educational Religious and Charitable

Tortoise Power and Energy Infrastructure Fund Inc Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

Tortoise Power and Energy Infrastructure Fund Inc Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

Tortoise Power and Energy Infrastructure Fund Inc Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

Tortoise Power and Energy Infrastructure Fund Inc SEC Filings

See more

Tortoise Power and Energy Infrastructure Fund Inc Leadership Updates

Live Leadership Updates

See more

  • TortoiseEcofin Appoints New Principal Financial Officer and Treasurer for its Closed-End Funds

    Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) TortoiseEcofin today announced the appointment of Courtney Gengler, CPA as Principal Financial Officer and Treasurer for its closed-end funds effective July 14, 2021. This change will allow Brad Adams, recently serving in this role, to focus entirely on his responsibilities as CEO for the closed-end funds and pass the primary responsibility for financial filings and the re

    $TYG
    $TPZ
    $NTG
    $TEAF
    Investment Managers
    Finance
    Finance Companies
    Trusts Except Educational Religious and Charitable

Tortoise Power and Energy Infrastructure Fund Inc Financials

Live finance-specific insights

See more

  • Tortoise Capital Advisors Plans Merger of Three Closed-End Funds into Active ETF

    Actively Managed ETF Aims to Offer Investors Greater Liquidity at Net Asset Value OVERLAND PARK, KS / ACCESSWIRE / August 6, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on traditional energy and power infrastructure investing, today announced its plans to merge three of its closed-end funds into a newly formed actively managed exchange-traded fund (ETF), Tortoise Power and Energy Infrastructure ETF.The three similar funds merging into an active ETF are Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP), and Tortoise Energy Independence Fund, Inc. (NYSE:NDP), with TPZ as the surviving strateg

    $NDP
    $TPZ
    $TTP
    Finance/Investors Services
    Finance
    Investment Managers
    Trusts Except Educational Religious and Charitable

  • Tortoise Capital Advisors Plans Merger of Three Closed-End Funds into Active ETF

    Actively Managed ETF Aims to Offer Investors Greater Liquidity at Net Asset Value  OVERLAND PARK, Kan., Aug. 6, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on traditional energy and power infrastructure investing, today announced its plans to merge three of its closed-end funds into a newly formed actively managed exchange-traded fund (ETF), Tortoise Power and Energy Infrastructure ETF. The three similar funds merging into an active ETF are Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP), and Tortoise Energy Independence Fund, Inc. (NYSE:NDP), with TPZ as the surviving str

    $NDP
    $TPZ
    $TTP
    Finance/Investors Services
    Finance
    Investment Managers
    Trusts Except Educational Religious and Charitable

  • Tortoise Energy Infrastructure Total Return Fund (TORIX/TORTX/TORCX) Announces Quarterly Distribution Increase

    OVERLAND PARK, KS / ACCESSWIRE / February 27, 2024 / Tortoise Energy Infrastructure Total Return Fund (NASDAQ:TORIX) announced a quarterly distribution of $0.1980 per share, which is a notable increase quarter-over-quarter.Within the energy infrastructure sector, the trend of free cash flow increasingly directed towards share buybacks and improved current yield has continued. As a result, we are passing along the value from higher distribution growth to our shareholders.We now have greater conviction in potential 5-7% sector growth over the medium-term. "Based on longer-dated guidance and disciplined capital return policies, energy infrastructure management teams are increasingly confident i

    $TPZ
    Investment Managers
    Finance

  • Tortoise Announces 2023 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report

    Tortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)OVERLAND PARK, KS / ACCESSWIRE / January 30, 2024 / Tortoise today announced the tax characterization of 2023 distributions paid to common stockholders of each of the funds listed below:2023 Tax Characterization of Distributions TYGNTGTTPNDPTPZQualified Dividend Income40%46%22%30%16%Ordinary Dividend Income18%7%0%0%33%Return of Capital42%47%78%70%51%Long-Term Capital Gain0%0%0%0%0%Additional information regarding the tax characterization of t

    $NDP
    $NTG
    $TPZ
    $TTP
    Finance/Investors Services
    Finance
    Finance Companies
    Investment Managers

  • Tortoise Announces 2022 Closed-End Fund Tax Characterization of Distributions and Release of Annual Report

    OVERLAND PARK, KS / ACCESSWIRE / February 7, 2023 / Tortoise today announced the tax characterization of 2022 distributions paid to common stockholders of each of the following funds:Tortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)2022 Tax Characterization of Distributions TYGNTGTTPNDPTPZQualified Dividend Income100%100%21%40%11%Ordinary Dividend Income0%0%0%0%17%Return of Capital0%0%79%60%72%Long-Term Capital Gain0%0%0%0%0%Additional information regarding the tax characterization of the 2

    $NDP
    $NTG
    $TEAF
    $TPZ
    Finance/Investors Services
    Finance
    Finance Companies
    Trusts Except Educational Religious and Charitable

  • Tortoise Announces Distribution Amounts for Its Closed-End Funds

    Distribution Amounts and Dates Declared for:Tortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)OVERLAND PARK, KS / ACCESSWIRE / November 8, 2022 / Tortoise and the Board of its closed-end funds announced distributions for its closed-end funds.Tortoise closed-end funds distribution details are as follows:FundTickerDistributionAmountDistributionFrequencyTortoise Energy Infrastructure Corp.TYG$0.71QuarterlyTortoise Midstream Energy Fund, Inc.NTG$0.77QuarterlyTortoise Pipeline & Energy Fund, Inc.

    $NDP
    $NTG
    $TPZ
    $TTP
    Finance/Investors Services
    Finance
    Finance Companies
    Investment Managers

  • TortoiseEcofin Announces 2021 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report

    Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) TortoiseEcofin today announced the tax characterization of 2021 distributions paid to common stockholders of each of the funds listed below: 2021 Tax Characterization of Distributions   TYG   NTG   TTP   NDP   TPZ Qualified Dividend Income 100%   100%   0%   8%   16% Ordinary Dividend Income 0%   0%   0%   0%   29% Return of Capit

    $NDP
    $NTG
    $TPZ
    $TTP
    Finance/Investors Services
    Finance
    Finance Companies
    Investment Managers

  • TortoiseEcofin Announces Distribution Amounts and Dates for Closed-End Funds Including Further Increases for TYG and NTG

    Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) TortoiseEcofin and the Board of its closed-end funds today announced a fourth consecutive and noteworthy increase to quarterly distributions for TYG and NTG of 23.3% and 48.1%, respectively. As previously announced, TTP, NDP and TPZ have adopted managed distribution policies and those distribution amounts will be reviewed in February 2022, in accordance with their policies. "The distributio

    $NDP
    $NTG
    $TPZ
    $TTP
    Finance/Investors Services
    Finance
    Finance Companies
    Investment Managers

Tortoise Power and Energy Infrastructure Fund Inc Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more