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
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/2/2022 | $22.50 → $25.00 | Outperform | RBC Capital |
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
RBC Capital reiterated coverage of Topaz Energy with a rating of Outperform and set a new price target of $25.00 from $22.50 previously
RBC Capital upgraded Tortoise Power & Energy from Sector Perform to Outperform and set a new price target of $19.00 from $17.50 previously
OVERLAND PARK, KS / ACCESSWIRE / September 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarter of 2024. Following the close of trading on Friday, Sept. 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)ActionCompanyTickerAdditionTXO Partners LPTXOTortoise North American Pipeline IndexSM(TNAP/TNAPT)ActionCompanyTicker No Changes Ecofin Global Water ESG IndexSM(EGWESG/EGWESGT)ActionCompanyTickerDeletionCalifornia Water Service GroupCWTDeletionSJW GroupSJWAdditionFort
OVERLAND PARK, KS / ACCESSWIRE / September 10, 2024 / Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) today declared the September monthly distribution of $0.105 per share payable on Sept. 30, 2024, to shareholders of record on Sept. 23, 2024.You should not draw any conclusions about TPZ's investment performance from the amount of this distribution or from the terms of TPZ's distribution policy.TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return
OVERLAND PARK, KS / ACCESSWIRE / September 3, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP and TPZ.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Aug. 30, 2024, the company's unaudited total assets were approximately $583.9 million and its unaudited net asset value was $460.9 million, or $42.82 per share.As of Aug. 30, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 682%, and its coverage ratio for preferred shares was 481%. For more information on the company's coverage ra
OVERLAND PARK, KS / ACCESSWIRE / August 30, 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 Aug. 30, 2024, and cumulative distributions paid fiscal year-to-date.The following table sets forth the estimated amounts of the current distributions, payable Aug. 30, 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 ga
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)Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, Kan., Aug. 9, 2024 /PRNewswire/ -- Tortoise Capital and the Board of its closed-end funds announced distributions for its closed-end funds. Tortoise Energy Infrastructure Corp. (TYG) and Tortoise Midstream Energy Fund, Inc. (NTG) increased their distributions by 10% and 5%, respectively. The distribution increases are a produc
OVERLAND PARK, KS / ACCESSWIRE / August 8, 2024 / Tortoise Capital today announced that SunPower Corp (NASDAQ:SPWR) will be removed from the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of its announced bankruptcy and asset purchase agreement with Complete Solaria, Inc. SPWR will be removed from the index when the market opens on Aug. 9, 2024.Special rebalancing is not required for DCRBN. SPWR 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 essential ass
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
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
OVERLAND PARK, KS / ACCESSWIRE / August 1, 2024 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of July 31, 2024, the company's unaudited total assets were approximately $563.0 million and its unaudited net asset value was $450.1 million, or $41.82 per share.As of July 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 740%, and its coverage ratio for preferred shares was 503%. For more information on the company's coverage ratios, please refer to the le
LEAWOOD, KS / ACCESSWIRE / July 31, 2024 / This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the distribution paid on July 31, 2024, and cumulative distribution paid fiscal year-to-date.The following table sets forth the estimated amounts of the current distribution, paid on July 31, 2024, and the cumulative distribution 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 share.Tortoise Power and Energy Infrastructure Fund, Inc.Estimated Sources of Distr
SC 13G - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
SC 13D - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
SC 13G - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
SC 13D/A - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
SC 13D/A - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
SC 13D/A - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
SC 13G - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
SC 13D/A - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
SC 13D - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
SC 13G - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
N-PX - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
N-CSRS - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
DEF 14A - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
8-K - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
NPORT-P - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
40-17G - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
N-CEN - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
N-CSR - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
NPORT-P - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
8-K - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
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
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
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
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
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
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.
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
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
Wednesday marks the last chance for investors to receive the next dividend payout from Tortoise Power & Energy (NYSE:TPZ). What's Happening The company announced on Friday that it would pay shareholders a monthly dividend of 10.5 cents per share. On Thursday, Tortoise Power & Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10.5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own TPZ as of the end of Wednesday's session are eligible to receive t
Monday marks the last chance for investors to receive the next dividend payout from Tortoise Power & Energy (NYSE:TPZ). What's Happening The company announced on Thursday that it would pay shareholders a monthly dividend of 10.5 cents per share. On Tuesday, Tortoise Power & Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10.5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own TPZ as of the end of Monday's session are eligible to receive the 10.
RBC Capital analyst Luke Davis maintains Tortoise Power & Energy (NYSE:TPZ) with a Outperform and lowers the price target from $30 to $28.
Friday marks the last chance for investors to receive the next dividend payout from Tortoise Power & Energy (NYSE:TPZ). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 10.5 cents per share. On Monday, Tortoise Power & Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10.5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own TPZ as of the end of Friday's session are eligible to receive the 10.5 c
Wednesday marks the last chance for investors to receive the next dividend payout from Tortoise Power & Energy (NYSE:TPZ). What's Happening The company announced on Monday that it would pay shareholders a monthly dividend of 10.5 cents per share. On Thursday, Tortoise Power & Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10.5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own TPZ as of the end of Wednesday's session are eligible to receive t
On Thursday, 216 stocks hit new 52-week lows. Noteworthy Points From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Taiwan Semiconductor (NYSE:TSM). The smallest company by market cap to hit a new 52-week low was ThermoGenesis Holdings (NASDAQ:THMO). Fortinet (NASDAQ:FTNT) was the biggest loser of the morning session, as it dropped 79.51% to reach its new 52-week low. Allspring Income (AMEX:EAD)'s stock rebounded the most, as it traded up 0.0% after dropping to a new 52-week low. Stocks that set new 52-week lows on Thursday are as follows: Taiwan Semiconductor (NYSE:TSM) shares set a new yearly low of $82.75 this morning. The stock was dow
Tuesday marks the last chance for investors to receive the next dividend payout from Tortoise Power & Energy (NYSE:TPZ). What's Happening The company announced on Monday that it would pay shareholders a monthly dividend of 105 cents per share. On Wednesday, Tortoise Power & Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 105 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own TPZ as of the end of Tuesday's session are eligible to receive the 1
Friday marks the last chance for investors to receive the next dividend payout from Tortoise Power & Energy (NYSE:TPZ). What's Happening The company announced on Wednesday that it would pay shareholders a monthly dividend of $0.105 per share. On Monday, Tortoise Power & Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.105 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own TPZ as of the end of Friday's session are eligible to receive the $0.105 divid
Wednesday marks the last chance for investors to receive the next dividend payout from Tortoise Power & Energy (NYSE:TPZ). What's Happening The company announced on Monday that it would pay shareholders a monthly dividend of $0.105 per share. On Thursday, Tortoise Power & Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.105 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own TPZ as of the end of Wednesday's session are eligible to receive the $0.10
Tuesday marks the last chance for investors to receive the next dividend payout from Tortoise Power & Energy (NYSE:TPZ). What's Happening The company announced on Thursday that it would pay shareholders a monthly dividend of $0.105 per share. On Wednesday, Tortoise Power & Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.105 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own TPZ as of the end of Tuesday's session are eligible to receive the $0.10