Tortoise Energy Independence Fund, Inc.

Tortoise Energy Independence Fund, Inc.verified

NDP

Price:

$37.72

Market Cap:

$62.84M

Tortoise Energy Independence Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Energy Independence Fund, Inc. was formed on July 26, 2005 2012 is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

2012-07-27

Stock Exchange

NYSE

Ticker

NDP

The Enterprise Value as of September 2024 (TTM) for Tortoise Energy Independence Fund, Inc. (NDP) is 73.36M

According to Tortoise Energy Independence Fund, Inc.’s latest financial reports and current stock price. The company's current Enterprise Value is 73.36M. This represents a change of 20.52% compared to the average of 60.87M of the last 4 quarters.

Tortoise Energy Independence Fund, Inc. (NDP) Historical Enterprise Value (quarterly & annually)

How has NDP Enterprise Value performed in the past?

The mean historical Enterprise Value of Tortoise Energy Independence Fund, Inc. over the last ten years is 100.91M. The current 73.36M Enterprise Value has changed 7.17% with respect to the historical average. Over the past ten years (40 quarters), NDP's Enterprise Value was at its highest in in the May 2024 quarter at 67.13M. The Enterprise Value was at its lowest in in the November 2021 quarter at 2.70M.

Quarterly (TTM)
Annual

Average

100.91M

Median

63.51M

Minimum

28.31M

Maximum

244.29M

Tortoise Energy Independence Fund, Inc. (NDP) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Tortoise Energy Independence Fund, Inc. Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 54.53%

Maximum Annual Enterprise Value = 244.29M

Minimum Annual Increase = -64.64%

Minimum Annual Enterprise Value = 28.31M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
202357.03M-10.20%
202263.51M45.14%
202143.75M54.53%
202028.31M-64.64%
201980.07M-57.72%
2018189.37M-22.48%

Tortoise Energy Independence Fund, Inc. (NDP) Average Enterprise Value

How has NDP Enterprise Value performed in the past?

The current Enterprise Value of Tortoise Energy Independence Fund, Inc. (NDP) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

54.76M

5-year avg

54.54M

10-year avg

100.91M

Tortoise Energy Independence Fund, Inc. (NDP) Enterprise Value vs. Peers

How is NDP’s Enterprise Value compared to its peers?

Tortoise Energy Independence Fund, Inc.’s Enterprise Value is less than Tortoise Midstream Energy Fund, Inc. (299.20M), greater than Flow Capital Corp. (44.64M), greater than Blackhawk Growth Corp. (4.18M), greater than Mount Logan Capital Inc. (33.27M), less than Invesco High Income 2024 Target Term Fund (86.81M), less than Nuveen Corporate Income 2023 Target Term Fund (99.10M), less than Virtus Convertible & Income 2024 Target Term Fund (179.18M), less than MFS Investment Grade Municipal Trust (111.20M), less than Eaton Vance National Municipal Opportunities Trust (320.39M), less than Abrdn Japan Equity Fund Inc (92.79M), less than abrdn Global Income Fund, Inc. (99.01M), greater than The European Equity Fund, Inc. (63.07M), less than The New Germany Fund, Inc. (125.38M), less than LMP Capital and Income Fund Inc. (362.80M), less than Tekla Life Sciences Investors (433.94M), less than Calamos Long/Short Equity & Dynamic Income Term Trust (423.51M), less than Nuveen Select Maturities Municipal Fund (122.14M), less than Invesco High Income 2023 Target Term Fund (246.51M), less than AllianceBernstein National Municipal Income Fund, Inc. (567.76M), less than Pioneer Diversified High Income Fund, Inc. (142.31M), less than Neuberger Berman High Yield Strategies Fund Inc. (296.76M),

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Frequently asked questions❓

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What is the 5-year average Enterprise Value for Tortoise Energy Independence Fund, Inc. (NDP)?

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