Almitas Capital LLC Raises Stock Holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Almitas Capital LLC raised its position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 873.4% in the 4th quarter, Holdings Channel.com reports. The firm 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 2.5% of Almitas Capital LLC’s portfolio, making the stock its 7th biggest holding. 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.

Other hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at approximately $7,046,000. 1607 Capital Partners LLC bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter worth $1,511,000. Mariner LLC acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at $368,000. Rockefeller Capital Management L.P. increased its holdings in Tortoise Power and Energy Infrastructure Fund by 10.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 108,003 shares of the investment management company’s stock valued at $2,167,000 after purchasing an additional 10,153 shares during the period. Finally, Concorde Asset Management LLC bought a new position in Tortoise Power and Energy Infrastructure Fund during the 4th quarter worth $403,000.

Tortoise Power and Energy Infrastructure Fund Trading Up 1.3 %

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

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

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

About Tortoise Power and Energy Infrastructure Fund

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.