Tortoise MLP Fund (NTG) Given Daily News Sentiment Score of 0.28
News coverage about Tortoise MLP Fund (NYSE:NTG) has been trending positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tortoise MLP Fund earned a news impact score of 0.28 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 43.8939676444803 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Tortoise MLP Fund (NTG) opened at $19.66 on Monday. Tortoise MLP Fund has a 12 month low of $14.91 and a 12 month high of $21.84.
In related news, major shareholder Prudential Financial Inc acquired 32,000,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were bought at an average cost of $26,562,500.00 per share, with a total value of $850,000,000,000,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders acquired 32,003,250 shares of company stock valued at $850,000,000,052,530.
Tortoise MLP Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current distributions. It invests primarily in master limited partnerships (MLPs) and their affiliates that own and operate a network of pipeline and energy-related logistical infrastructure assets.
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