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Tortoise MLP Fund, Inc.’s (“NTG”) primary investment objective is to provide a high level of total return with an emphasis on current distributions paid to stockholders. The fund seeks to provide stockholders with an efficient vehicle to invest in a portfolio consisting primarily of energy infrastructure master limited partnerships (“MLPs”) and their affiliates, with an emphasis on natural gas infrastructure. Energy infrastructure MLPs own and operate a network of pipeline and energy-related logistical assets that transport, store, gather and process natural gas, natural gas liquids (“NGLs”), crude oil, refined petroleum products, and other resources or distribute, market, explore, develop or produce such commodities. Natural gas infrastructure MLPs are defined as companies engaged in such activities with over 50 percent of their revenue, cash flow or assets related to natural gas or NGL infrastructure assets.
Tortoise MLP trades on the NYSE stock market under the symbol NTG.
As of March 28, 2024, NTG stock price climbed to $38.30 with 13,204 million shares trading.
NTG has a market cap of $195.05 million. This is considered a Micro Cap stock.
In the last 3 years, NTG stock traded as high as $40.61 and as low as $25.04.
NTG stock has underperformed the market in the last year with a return of +30.5%, while SPY returned +33.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NTG shares. However, NTG has outperformed the market in the last 3 month and 2 week periods, returning +11.6% and +2.1%, while SPY returned +10.2% and +1.8%, respectively. This indicates NTG has been having a stronger performance recently.
NTG support price is $37.25 and resistance is $38.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NTG stock will trade within this expected range on the day.