Stock On Watch: Tortoise Pipeline & Energy Fund Inc (NYSE:TTP) Institutional Investor Positioning

November 16, 2016 - By Dolores Ford   ·   0 Comments

Stock On Watch: Tortoise Pipeline & Energy Fund Inc (NYSE:TTP) Institutional Investor Positioning

Sentiment for Tortoise Pipeline & Energy Fund Inc (NYSE:TTP)

Tortoise Pipeline & Energy Fund Inc (NYSE:TTP) institutional sentiment decreased to 0.65 in Q2 2016. Its down -0.70, from 1.35 in 2016Q1. The ratio fall, as 15 institutional investors started new or increased positions, while 23 sold and decreased equity positions in Tortoise Pipeline & Energy Fund Inc. The institutional investors in our partner’s database now possess: 2.27 million shares, down from 2.74 million shares in 2016Q1. Also, the number of institutional investors holding Tortoise Pipeline & Energy Fund Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 13 Increased: 10 New Position: 5.

Tortoise Pipeline & Energy Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $210.14 million. The Fund’s primary investment objective to seek a high level of total return with an emphasis on current distributions. It currently has negative earnings. The Fund invests primarily in North American pipeline companies that transport natural gas, natural gas liquids, crude oil and refined products, and to a lesser extent, in other energy infrastructure companies.

About 36,685 shares traded hands. Tortoise Pipeline and Energy Fund Inc (NYSE:TTP) has risen 36.23% since April 14, 2016 and is uptrending. It has outperformed by 31.55% the S&P500.

Thomas J. Herzfeld Advisors Inc. holds 1.89% of its portfolio in Tortoise Pipeline and Energy Fund Inc for 191,296 shares. City Of London Investment Management Co Ltd owns 100,768 shares or 0.15% of their US portfolio. Moreover, Freestone Capital Holdings Llc has 0.08% invested in the company for 44,618 shares. The Massachusetts-based Grt Capital Partners L.L.C. has invested 0.08% in the stock. Sit Investment Associates Inc, a Minnesota-based fund reported 165,059 shares.#img1#

More notable recent Tortoise Pipeline and Energy Fund Inc (NYSE:TTP) news were published by: Businesswire.com which released: “Tortoise Pipeline & Energy Fund, Inc. Provides Unaudited Balance Sheet …” on November 01, 2016, also Seekingalpha.com with their article: “Better To Be Fast Like A Tortoise? Some Energy Funds Worth Looking At” published on September 15, 2014, Realmoney.Thestreet.com published: “A Lollapalooza Is Building Up in Oil; These Are the Stocks I’m Buying” on December 08, 2015. More interesting news about Tortoise Pipeline and Energy Fund Inc (NYSE:TTP) were released by: Seekingalpha.com and their article: “NDP – The Tortoise Energy Independence Fund Is A Compelling Investment Opportunity” published on July 11, 2016 as well as Realmoney.Thestreet.com‘s news article titled: “Insider Buying Heats Up in Energy Sector” with publication date: December 17, 2015.

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By Dolores Ford


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