New TNGY ETF Offers Flexible, Income-Focused Exposure To US Energy Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 16 2025
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Source: Benzinga
Introduction of Tortoise Energy Fund: Tortoise Capital Advisors has launched the Tortoise Energy Fund (TNGY), an actively managed ETF that aims to provide a more dynamic investment approach in the energy sector by blending equity and credit exposure while avoiding traditional tax burdens associated with mutual funds.
Unique Investment Strategy: TNGY offers flexibility in asset allocation across the entire energy value chain, including upstream, midstream, and downstream sectors, while seeking to generate premium yields through dividends and covered calls, positioning itself to adapt to market shifts and investor needs.
Analyst Views on TNGY
Wall Street analysts forecast TNGY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TNGY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 9.240
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Current: 9.240
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
