TPZ
NYSETortoise Power and Energy Infrastructure Fund Inc
Price$21.92-0.74 (-3.29%)
2026-03-042026-06-05
News · 26 weeks10%
2025-12-142026-06-07
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Latest news
25 items- NEWSTortoise Capital Completes Realignment of TPZ with Rapidly Rising Electrification Demand Through Investment Policy and Name ChangeOVERLAND PARK, KS / ACCESS Newswire / December 19, 2025 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy and infrastructure investing, today announced a series of strategic enhancements to the Tortoise Essential Energy Fund (TPZ) that will become effective on January 1, 2026. These updates include changes to the fund's investment policy and name, as well as a shift in distribution frequency.TPZ's new non-fundamental investment policy is centered on what Tortoise believes may be one of the most powerful and durable investment themes of the next decade: the buildout of North American electrification infrastructure. Electrification refers to the rapidly e
- NEWSTortoise Capital Announces 2024 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual ReportTortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESS Newswire / January 30, 2025 / Tortoise Capital today announced the tax characterization of 2024 distributions paid to common stockholders of each of the funds listed below:2024 Tax Characterization of Distributions TYG NTG TTP NDP TPZ TEAF Qualified Dividend Income 20% 12% 13% 15% 17% 10%Ordinary Dividend Income 4% 0% 0% 0% 5% 60%Return o
- INSIDERLarge owner Saba Capital Management, L.P. bought $4,785,491 worth of shares (347,278 units at $13.78) and sold $20,090,000 worth of shares (1,000,000 units at $20.09) (SEC Form 4)4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
- INSIDERNew insider Saba Capital Management, L.P. claimed ownership of 663,956 shares (SEC Form 3)3 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)
- SECSEC Form 25-NSE filed by Tortoise Power and Energy Infrastructure Fund Inc25-NSE - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
- PRTortoise Capital Completes Merger of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP), and Tortoise Energy Independence Fund, Inc. (NYSE: NDP) and Conversion to Actively Managed ETFOVERLAND PARK, KS / ACCESSWIRE / December 23, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced the completion of a strategic merger of three closed-end funds and conversion to an actively managed exchanged-traded fund (ETF).Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP), and Tortoise Energy Independence Fund, Inc. (NYSE:NDP) have merged into a newly formed ETF, with TPZ emerging as the surviving strategy.The Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) is adopting the accounting and performance history of the closed-end fund, offering continuit
- PRTortoise Capital Announces Index Updates for Fourth Quarter 2024OVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the fourth quarter of 2024. Following the close of trading on Friday, Dec. 20, 2024, the indices will be rebalanced according to their stated methodologies and as a result, the following changes will become effective.Tortoise MLP Index ®(TMLP/TMLPT)ActionCompanyTicker No Changes Tortoise North American Pipeline IndexSM(TNAP/TNAPT)ActionCompanyTicker No Changes Tortoise Global Water ESG IndexSM(TGWESG/TGWESGT)ActionCompanyTickerAdditionCalifornia Water Service GroupCWTTortoise Decarbonization Infrastructure Index
- PRTortoise Pipeline & Energy Fund, Inc. Provides Section 19(a) NoticeOVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) with information regarding the sources of the distributions paid on Dec 13, 2024, and cumulative distributions paid fiscal year-to-date.The following table sets forth the estimated amounts of the current distributions, payable Dec. 13, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common sh
- PRTortoise Capital Announces Tortoise Decarbonization Infrastructure Index Constituent Changes Due to Corporate ActionOVERLAND PARK, KS / ACCESSWIRE / December 11, 2024 / Tortoise Capital today announced that Atlantica Sustainable Infrastructure PLC (NASDAQ:AY) will be removed from the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of its announced acquisition by Energy Capital Partners. As a result, AY will be removed from the Index when the market opens on Dec. 12, 2024.Special rebalancing is not required for DCRBN. AY will be removed, and its weight distributed pro rata to remaining Index constituents.About Tortoise Index Solutions (TIS)TIS provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of ess
- PRTortoise Capital Announces Shareholder Approval of Closed-End Fund Mergers and Conversion to Actively Managed ETFOVERLAND PARK, Kan., Dec. 5, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced it received shareholder approval of two strategic fund merger proposals involving closed-end funds and the conversion to an actively managed ETF. These changes align with the firm's commitment to providing innovative investment solutions that are intended to enhance shareholder value and operational efficiency. Subject to the satisfaction of certain customary closing conditions, Tortoise Capital expects the mergers and ETF conversion to become effective, and trading of the merged funds will cease, before the market opens on Dec. 2
- PRTortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of November 29, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAFOVERLAND PARK, KS / ACCESSWIRE / December 2, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Nov. 29, 2024, the company's unaudited total assets were approximately $692.4 million and its unaudited net asset value was $562.2 million, or $52.23 per share.As of Nov. 29, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 753%, and its coverage ratio for preferred shares was 542%. For more information on the company's covera
- PRTortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) NoticeOVERLAND PARK, KS / ACCESSWIRE / November 29, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the sources of the distributions paid on Nov. 29, 2024, and cumulative distributions paid fiscal year-to-date.The following table sets forth the estimated amounts of the current distributions, payable Nov. 29, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital
- PRTortoise Capital Announces Excise Distributions for NTG, TTP and NDPDistribution Amounts and Dates Declared for:Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP) OVERLAND PARK, KS / ACCESSWIRE / November 25, 2024 / Tortoise Capital announced excise tax distributions declared by three of its closed-end funds: NTG, TTP, and NDP. These excise distributions are payable on Dec. 13, 2024, to shareholders of record on Dec. 6, 2024.Tortoise Capital closed-end funds excise tax distribution details are as follows:Per ShareFundTickerDistributionAmountTortoise Midstream Energy Fund, Inc.NTG$0.530Tortoise Pipeline & Energy Fund, Inc.TTP$0.175Tortoise Energy Independence Fund,
- SECSEC Form 425 filed by Tortoise Power and Energy Infrastructure Fund Inc425 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)
- SECTortoise Power and Energy Infrastructure Fund Inc filed SEC Form 8-K: Other Events8-K - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)
- PRTortoise Capital Announces 2024 Estimated Capital Gain Distributions for its Open End Mutual FundsOVERLAND PARK, KS / ACCESSWIRE / November 8, 2024 / Tortoise Capital today announced the estimated capital gain distributions for its open end mutual funds to be paid in the calendar year 2024.To assist our shareholders with year-end planning, we are providing estimates of the per-share capital gain distributions expected to be paid during 2024. These estimates were prepared using capital gain amounts as of October 31, 2024. The estimates are being provided for informational purposes only and may not include all required tax adjustments. The final per-share amounts will be based on the actual number of shares outstanding on the Fund's record date which may differ significantly from the numbe
- PRTortoise Capital Announces Closed-End Fund DistributionsDistribution Amounts and Dates Declared for:Tortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESSWIRE / November 4, 2024 / Tortoise Capital announced distributions declared by its closed-end funds.Tortoise Capital closed-end funds distribution details are as follows:FundTickerDistributionAmountDistribution Target of Average NAVDistributionFrequencyTortoise Energy Infrastructure Corp.TYG$0.787%-10%QuarterlyTor
- PRTortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAFOVERLAND PARK, KS / ACCESSWIRE / November 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Oct. 31, 2024, the company's unaudited total assets were approximately $615.4 million and its unaudited net asset value was $492.6 million, or $45.76 per share.As of Oct. 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 718%, and its coverage ratio for preferred shares was 507%. For more information on the company's covera
- PRTortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) NoticeOVERLAND PARK, KS / ACCESSWIRE / October 31, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the sources of the distributions paid on Oct. 31, 2024, and cumulative distributions paid fiscal year-to-date.The following table sets forth the estimated amounts of the current distributions, payable Oct. 31, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed
- PRTortoise Capital Announces Tortoise Recycling Decarbonization Index and Tortoise Recycling Decarbonization UCITS Index Constituent Changes Due to Corporate ActionOVERLAND PARK, KS / ACCESSWIRE / October 30, 2024 / Tortoise Capital today announced that Greenvolt Energias Renovaveis SA (GVOLT) will be removed from the Tortoise Recycling Decarbonization UCITS IndexSM (RECYCLET) and the Tortoise Recycling Decarbonization IndexSM (RCYCLT) due to the completion of a tender offer by GVK Omega. As a result, GVOLT will be removed from the Indices when the market opens on Oct. 31, 2024.Special rebalancing is not required for RECYCLET and RCYCLT. GVOLT will be removed, and its weight distributed pro rata to remaining Index constituents.About Tortoise Index Solutions (TIS)TIS provides research-driven indices that can be used as a realistic basis for exchange-tra
- PRTortoise Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly CommentaryOVERLAND PARK, KS / ACCESSWIRE / October 25, 2024 / Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) third quarter 2024 commentary is now available. The commentary piece highlights fund performance of the public and direct investments in the essential asset sectors in which the fund invests. A copy of the commentary piece is available here on the company website.For additional information on this fund, please visit https://cef.tortoiseadvisors.com/.TCA Advisors is the adviser and RWC Asset Management LLP is the interim sub-adviser to Tortoise Sustainable and Social Impact Term Fund.Safe harbor statementThis press release shall not constitute an offer to sell or a solicitation to
- PRTortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly DistributionOVERLAND PARK, KS / ACCESSWIRE / October 10, 2024 / Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) today declared the October monthly distribution of $0.105 per share payable on Oct. 31, 2024, to shareholders of record on Oct. 24, 2024.You should not draw any conclusions about TPZ's investment performance from the amount of this distribution or from the terms of TPZ's distribution policy.TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of cap
- PRTortoise Capital Announces Tortoise Decarbonization Infrastructure Index Constituent Changes Due to Corporate ActionOVERLAND PARK, KS / ACCESSWIRE / October 8, 2024 / Tortoise Capital today announced that Tellurian Inc (NYSE:TELL) will be removed from the Tortoise Decarbonization Infrastructure Indexsm (DCRBN) as a result of its announced acquisition by Woodside Energy Group LTD. As a result, TELL will be removed from the Index when the market opens on Oct. 10, 2024.Special rebalancing is not required for DCRBN. TELL will be removed, and its weight distributed pro rata to remaining Index constituents.About Tortoise Index Solutions (TIS)TIS provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of essential assets. Its indi
- PRTortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAFOVERLAND PARK, KS / ACCESSWIRE / October 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Sept. 30, 2024, the company's unaudited total assets were approximately $599.9 million and its unaudited net asset value was $476.1 million, or $42.22 per share.As of Sept. 30, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 698%, and its coverage ratio for preferred shares was 492%. For more information on the company's cover
- PRTortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) NoticeOVERLAND PARK, KS / ACCESSWIRE / September 30, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the sources of the distributions paid on Aug. 30, 2024, and cumulative distributions paid fiscal year-to-date.The following table sets forth the estimated amounts of the current distributions, payable Sep. 30, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are express
TPZ FAQ
7 questionsWhat does Tortoise Power and Energy Infrastructure Fund Inc do?
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. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like comparison of quantitative, qualitative, and relative value factors to create its portfolio. It was formerly known as Tortoise Power and Energy Income Company...Where does TPZ stock trade?
Tortoise Power and Energy Infrastructure Fund Inc (TPZ) is listed on NYSE.What sector and industry is TPZ in?
Tortoise Power and Energy Infrastructure Fund Inc operates in the Finance sector, Investment Managers industry.When did Tortoise Power and Energy Infrastructure Fund Inc go public?
Tortoise Power and Energy Infrastructure Fund Inc (TPZ) completed its IPO in 2009.What are analysts saying about TPZ?
Tortoise Power and Energy Infrastructure Fund Inc has had 1 recent analyst action on file. The most recent action was from RBC Capital: Outperform with a $2500.00 price target on 2022-03-02. Recent price targets cluster around $2500.00.What companies are similar to TPZ?
Notable peers in the same industry include BX (Blackstone Inc.), KKR (KKR & Co. Inc.), APO (Apollo Global Management Inc. (New)), ARES (Ares Management Corporation), AMP (Ameriprise Financial Inc.). Compare TPZ side-by-side with any of them on Quantisnow.How can I track TPZ on Quantisnow?
Quantisnow aggregates Tortoise Power and Energy Infrastructure Fund Inc's SEC filings, analyst ratings, insider transactions, FDA approvals, and press releases the moment they hit the wire (Wall Street's wire, on your screen.). Follow TPZ to receive live email and push alerts on every new disclosure.