TTP Stock Summary and Trading Ideas (Tortoise Pipeline & Energy Com | NYSE:TTP)

TTP seeks to provide stockholders with a high level of total return, with an emphasis on current distributions. The fund focuses particularly on North American pipeline companies that transport natural gas, natural gas liquids, crude oil and refined products, and to a lesser extent, on other energy infrastructure companies. Over 75 percent of the funds portfolio will generally be in companies structured as corporations or limited liability companies domiciled in the United States, Canada or United Kingdom with the remaining up to 25 percent in MLPs. The fund also writes (sell) covered call options to seek to enhance long-term return potential across economic environments, increase current income and mitigate portfolio risk through option income. The covered call strategy focuses on other energy infrastructure companies that the fund believes are integral links in the value chain for pipeline companies.

Tortoise Pipeline & Energy Com trades on the NYSE stock market under the symbol TTP.

As of April 18, 2024, TTP stock price climbed to $30.59 with 4,158 million shares trading.

TTP has a market cap of $61.50 million. This is considered a Micro Cap stock.

In the last 3 years, TTP stock traded as high as $31.90 and as low as $20.01.

TTP has outperformed the market in the last year with a price return of +23.9% while the SPY ETF gained +22.3%. TTP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.7% and -3.5%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

TTP support price is $30.12 and resistance is $30.78 (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 TTP stock will trade within this expected range on the day.