Tortoise Energy Infrastructure Co. (NYSE:TYG) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 625.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,192 shares of the financial services provider’s stock after purchasing an additional 10,512 shares during the quarter. Steward Partners Investment Advisory LLC owned about 0.11% of Tortoise Energy Infrastructure worth $512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Noble Wealth Management PBC acquired a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at about $30,000. Oppenheimer & Co. Inc. grew its stake in Tortoise Energy Infrastructure by 22.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 23,744 shares of the financial services provider’s stock valued at $997,000 after acquiring an additional 4,365 shares during the last quarter. Robinson Capital Management LLC acquired a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at about $732,000. D.A. Davidson & CO. grew its stake in Tortoise Energy Infrastructure by 15.1% in the 4th quarter. D.A. Davidson & CO. now owns 13,393 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 1,757 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Tortoise Energy Infrastructure by 11.7% in the 4th quarter. Sanctuary Advisors LLC now owns 23,841 shares of the financial services provider’s stock valued at $1,081,000 after acquiring an additional 2,494 shares during the last quarter. 32.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tortoise Energy Infrastructure

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

Tortoise Energy Infrastructure Price Performance

Shares of NYSE TYG opened at $41.40 on Thursday. Tortoise Energy Infrastructure Co. has a 52 week low of $29.18 and a 52 week high of $48.76. The company’s 50-day moving average price is $44.48 and its 200 day moving average price is $42.14.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 23rd will be paid a $0.365 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 8.4%.

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.