Aristides Capital LLC Increases Stock Position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Aristides Capital LLC grew its holdings in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 1,652.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 317,062 shares of the investment management company’s stock after purchasing an additional 298,973 shares during the period. Tortoise Power and Energy Infrastructure Fund makes up about 1.3% of Aristides Capital LLC’s holdings, making the stock its 13th biggest position. Aristides Capital LLC’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $6,362,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TPZ. Allspring Global Investments Holdings LLC purchased a new position in Tortoise Power and Energy Infrastructure Fund in the fourth quarter worth $568,000. Commonwealth Equity Services LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 4th quarter worth $2,907,000. Sanctuary Advisors LLC increased its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 19.4% in the 4th quarter. Sanctuary Advisors LLC now owns 46,133 shares of the investment management company’s stock valued at $982,000 after purchasing an additional 7,480 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 2,266.8% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 6,414 shares of the investment management company’s stock valued at $129,000 after purchasing an additional 6,143 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the third quarter valued at about $13,071,000.

Tortoise Power and Energy Infrastructure Fund Stock Performance

Shares of TPZ opened at $18.54 on Friday. Tortoise Power and Energy Infrastructure Fund, Inc. has a twelve month low of $14.70 and a twelve month high of $22.30. The firm’s 50-day moving average is $20.70 and its two-hundred day moving average is $20.09.

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were paid a $0.0679 dividend. This represents a $0.81 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Thursday, February 27th.

Tortoise Power and Energy Infrastructure Fund Company Profile

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.