Allspring Global Investments Holdings LLC Sells 27,083 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Allspring Global Investments Holdings LLC trimmed its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,402 shares of the financial services provider’s stock after selling 27,083 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.54% of Tortoise Energy Infrastructure worth $11,483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hartford Financial Management Inc. boosted its stake in Tortoise Energy Infrastructure by 37.5% during the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 219 shares during the period. Eastern Bank bought a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at approximately $124,000. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at approximately $205,000. Absolute Investment Advisers LLC acquired a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter worth $214,000. Finally, Verity Asset Management Inc. bought a new position in Tortoise Energy Infrastructure during the fourth quarter worth $251,000. 32.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tortoise Energy Infrastructure news, major shareholder Prudential Financial Inc acquired 1,500,000 shares of Tortoise Energy Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the acquisition, the insider now owns 1,500,000 shares of the company’s stock, valued at approximately $15,000,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $41.61, for a total transaction of $235,803.87. Following the completion of the sale, the insider now directly owns 1,061,234 shares in the company, valued at approximately $44,157,946.74. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Tortoise Energy Infrastructure Price Performance

Shares of Tortoise Energy Infrastructure stock opened at $45.44 on Tuesday. The firm has a fifty day moving average price of $44.32 and a two-hundred day moving average price of $41.28. Tortoise Energy Infrastructure Co. has a fifty-two week low of $28.91 and a fifty-two week high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.365 dividend. This represents a dividend yield of 7.4%. The ex-dividend date is Friday, February 21st.

Tortoise Energy Infrastructure Company 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.