Janney Montgomery Scott LLC Raises Stock Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Janney Montgomery Scott LLC raised its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,708 shares of the financial services provider’s stock after acquiring an additional 1,660 shares during the period. Janney Montgomery Scott LLC owned approximately 0.21% of Tortoise Energy Infrastructure worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Raymond James & Associates raised its holdings in shares of Tortoise Energy Infrastructure by 679.7% during the 3rd quarter. Raymond James & Associates now owns 75,830 shares of the financial services provider’s stock worth $2,976,000 after acquiring an additional 66,104 shares in the last quarter. Almitas Capital LLC raised its holdings in Tortoise Energy Infrastructure by 157.6% during the 2nd quarter. Almitas Capital LLC now owns 25,457 shares of the financial services provider’s stock valued at $888,000 after buying an additional 15,576 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Tortoise Energy Infrastructure by 604.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 76,567 shares of the financial services provider’s stock valued at $3,005,000 after buying an additional 65,695 shares during the period. Bayshore Asset Management LLC purchased a new stake in Tortoise Energy Infrastructure during the 3rd quarter valued at $688,000. Finally, Sanctuary Advisors LLC purchased a new stake in Tortoise Energy Infrastructure during the 2nd quarter valued at $469,000. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Stock Performance

NYSE:TYG opened at $42.83 on Friday. The stock’s fifty day moving average is $39.94 and its 200 day moving average is $36.39. Tortoise Energy Infrastructure Co. has a fifty-two week low of $27.44 and a fifty-two week high of $43.90.

Tortoise Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $3.12 annualized dividend and a yield of 7.28%.

Tortoise Energy Infrastructure Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.