Do Institutional Investors Hate Tortoise Power & Energy Infrastructure Fund Inc (NYSE:TPZ)?

July 13, 2018 - By Rene Reddy

Sentiment for Tortoise Power & Energy Infrastructure Fund Inc (NYSE:TPZ)

Tortoise Power & Energy Infrastructure Fund Inc (NYSE:TPZ) institutional sentiment decreased to 1.4 in 2018 Q1. Its down -0.27, from 1.67 in 2017Q4. The ratio worsened, as 14 active investment managers started new or increased equity positions, while 10 trimmed and sold stock positions in Tortoise Power & Energy Infrastructure Fund Inc. The active investment managers in our partner’s database reported: 1.61 million shares, down from 1.64 million shares in 2017Q4. Also, the number of active investment managers holding Tortoise Power & Energy Infrastructure Fund Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 9 Increased: 9 New Position: 5.

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

The stock decreased 0.46% or $0.0867 during the last trading session, reaching $18.79. About 30,199 shares traded or 29.64% up from the average. Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) has 0.00% since July 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Boulegeris Investments Inc. holds 1.01% of its portfolio in Tortoise Power and Energy Infrastructure Fund, Inc. for 102,900 shares. Thomas J. Herzfeld Advisors Inc. owns 78,207 shares or 0.54% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.08% invested in the company for 235,904 shares. The Texas-based Mcgowan Group Asset Management Inc. has invested 0.07% in the stock. Ingalls & Snyder Llc, a New York-based fund reported 43,466 shares.

More news for Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) were recently published by: Businesswire.com, which released: “Tortoise Power and Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information and Asset …” on July 03, 2018. Businesswire.com‘s article titled: “Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice” and published on June 29, 2018 is yet another important article.

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