Kayne Anderson Capital Advisors LP Has $870,000 Stake in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Kayne Anderson Capital Advisors LP cut its holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,051 shares of the investment management company’s stock after selling 6,449 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TPZ. D.A. Davidson & CO. lifted its stake in Tortoise Power and Energy Infrastructure Fund by 5.6% in the third quarter. D.A. Davidson & CO. now owns 30,173 shares of the investment management company’s stock valued at $403,000 after buying an additional 1,599 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its stake in Tortoise Power and Energy Infrastructure Fund by 14.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 208,471 shares of the investment management company’s stock worth $2,785,000 after acquiring an additional 26,347 shares in the last quarter. Saba Capital Management L.P. grew its holdings in Tortoise Power and Energy Infrastructure Fund by 7.3% in the third quarter. Saba Capital Management L.P. now owns 177,876 shares of the investment management company’s stock worth $2,376,000 after purchasing an additional 12,105 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at $174,000.

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of NYSE TPZ traded up $0.01 during trading on Thursday, hitting $15.34. 581 shares of the company traded hands, compared to its average volume of 9,736. The business’s fifty day moving average is $15.19 and its 200 day moving average is $14.33. Tortoise Power and Energy Infrastructure Fund, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $15.80.

Tortoise Power and Energy Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd were paid a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend was Monday, April 22nd.

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.