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

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

Several other large investors have also modified their holdings of TPZ. Kovitz Investment Group Partners LLC purchased a new stake in Tortoise Power and Energy Infrastructure Fund in the 3rd quarter valued at $13,071,000. Bard Associates Inc. increased its stake in Tortoise Power and Energy Infrastructure Fund by 134.3% in the fourth quarter. Bard Associates Inc. now owns 473,321 shares of the investment management company’s stock valued at $9,509,000 after purchasing an additional 271,266 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at about $2,907,000. LPL Financial LLC boosted its stake in shares of Tortoise Power and Energy Infrastructure Fund by 628.5% during the fourth quarter. LPL Financial LLC now owns 97,849 shares of the investment management company’s stock worth $1,963,000 after buying an additional 84,417 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 196.7% during the fourth quarter. D.A. Davidson & CO. now owns 108,308 shares of the investment management company’s stock worth $2,173,000 after buying an additional 71,798 shares during the last quarter.

Tortoise Power and Energy Infrastructure Fund Stock Performance

Shares of TPZ stock opened at $18.54 on Friday. Tortoise Power and Energy Infrastructure Fund, Inc. has a 52-week low of $14.70 and a 52-week high of $22.30. The stock’s 50-day moving average price is $20.70 and its 200 day moving average price is $20.09.

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.0679 per share. This represents a $0.81 annualized dividend and a dividend yield of 4.39%. The ex-dividend date 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.