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 ROE as of September 2024 (TTM) for Tortoise Energy Independence Fund, Inc. (NDP) is 28.99%

According to Tortoise Energy Independence Fund, Inc.’s latest financial reports and current stock price. The company's current ROE is 28.99%. This represents a change of 751.45% compared to the average of 3.40% of the last 4 quarters.

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

How has NDP ROE performed in the past?

The mean historical ROE of Tortoise Energy Independence Fund, Inc. over the last ten years is -21.72%. The current 28.99% ROE has changed -233.48% with respect to the historical average. Over the past ten years (40 quarters), NDP's ROE was at its highest in in the November 2023 quarter at 15.20%. The ROE was at its lowest in in the May 2023 quarter at -17.31%.

Quarterly (TTM)
Annual

Average

-21.72%

Median

-17.92%

Minimum

-98.22%

Maximum

41.79%

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

Discovering the peaks and valleys of Tortoise Energy Independence Fund, Inc. ROE, 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 = 285.73%

Maximum Annual ROE = 41.79%

Minimum Annual Increase = -137.82%

Minimum Annual ROE = -98.22%

Quarterly (TTM)
Annual
YearROEChange
2023-1.01%-102.41%
202241.79%12.51%
202137.15%-137.82%
2020-98.22%8.66%
2019-90.39%285.73%
2018-23.43%30.78%

Tortoise Energy Independence Fund, Inc. (NDP) Average ROE

How has NDP ROE performed in the past?

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

3-year avg

25.98%

5-year avg

-22.13%

10-year avg

-21.72%

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

How is NDP’s ROE compared to its peers?

Tortoise Energy Independence Fund, Inc.’s ROE is less than Tortoise Midstream Energy Fund, Inc. (31.57%), greater than Flow Capital Corp. (0.28%), less than Blackhawk Growth Corp. (1.32%), less than Mount Logan Capital Inc. (50.64%), less than Invesco High Income 2024 Target Term Fund (25.55%), greater than Nuveen Corporate Income 2023 Target Term Fund (-2.88%), less than Virtus Convertible & Income 2024 Target Term Fund (21.86%), less than MFS Investment Grade Municipal Trust (3.44%), less than Eaton Vance National Municipal Opportunities Trust (11.25%), less than Abrdn Japan Equity Fund Inc (20.71%), less than abrdn Global Income Fund, Inc. (10.65%), less than The European Equity Fund, Inc. (22.63%), less than The New Germany Fund, Inc. (6.43%), less than LMP Capital and Income Fund Inc. (23.71%), less than Tekla Life Sciences Investors (22.91%), less than Calamos Long/Short Equity & Dynamic Income Term Trust (3.28%), less than Nuveen Select Maturities Municipal Fund (22.18%), greater than Invesco High Income 2023 Target Term Fund (-2.10%), less than AllianceBernstein National Municipal Income Fund, Inc. (2.44%), less than Pioneer Diversified High Income Fund, Inc. (16.63%), less than Neuberger Berman High Yield Strategies Fund Inc. (13.53%),

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