Insider Buying: Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Director Acquires 2,300 Shares of Stock

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZGet Rating) Director Conrad S. Ciccotello bought 2,300 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were purchased at an average cost of $12.92 per share, for a total transaction of $29,716.00. Following the completion of the purchase, the director now owns 6,193 shares in the company, valued at $80,013.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Tortoise Power and Energy Infrastructure Fund Price Performance

NYSE:TPZ traded down $0.20 during trading hours on Thursday, hitting $12.91. 10,926 shares of the stock traded hands, compared to its average volume of 22,100. The firm has a 50 day moving average price of $13.42 and a 200 day moving average price of $13.68. Tortoise Power and Energy Infrastructure Fund, Inc. has a fifty-two week low of $12.02 and a fifty-two week high of $14.99.

Tortoise Power and Energy Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 23rd will be paid a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a yield of 9.76%. The ex-dividend date is Thursday, September 22nd.

Institutional Trading of Tortoise Power and Energy Infrastructure Fund

Several large investors have recently added to or reduced their stakes in TPZ. Private Trust Co. NA acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the second quarter worth $25,000. Wolverine Asset Management LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the second quarter worth $60,000. Captrust Financial Advisors acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the second quarter worth $129,000. Eudaimonia Partners LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the first quarter worth $158,000. Finally, Truist Financial Corp increased its stake in shares of Tortoise Power and Energy Infrastructure Fund by 14.2% in the second quarter. Truist Financial Corp now owns 15,359 shares of the investment management company’s stock worth $192,000 after acquiring an additional 1,910 shares during the last quarter.

About Tortoise Power and Energy Infrastructure Fund

(Get Rating)

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.

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Insider Buying and Selling by Quarter for Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ)

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