Tortoise Energy Infrastructure Corp. (NYSE:TYG) VP Nicholas Scott Holmes purchased 800 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average price of $25.86 per share, for a total transaction of $20,688.00. Following the purchase, the vice president now directly owns 1,550 shares in the company, valued at $40,083. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Tortoise Energy Infrastructure Corp. (TYG) opened at $25.64 on Wednesday. Tortoise Energy Infrastructure Corp. has a 12 month low of $24.30 and a 12 month high of $37.11.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd were paid a dividend of $0.655 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.62 dividend on an annualized basis and a yield of 10.22%.
Large investors have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. grew its stake in Tortoise Energy Infrastructure by 9.2% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 929,294 shares of the financial services provider’s stock worth $28,241,000 after buying an additional 78,354 shares during the last quarter. Amussen Hunsaker & Associates LLC purchased a new position in Tortoise Energy Infrastructure during the 2nd quarter worth approximately $2,076,000. HighTower Advisors LLC grew its stake in Tortoise Energy Infrastructure by 20.6% during the 2nd quarter. HighTower Advisors LLC now owns 83,219 shares of the financial services provider’s stock worth $2,513,000 after buying an additional 14,237 shares during the last quarter. Cadence Bank NA purchased a new position in shares of Tortoise Energy Infrastructure in the 3rd quarter valued at approximately $366,000. Finally, Allen Investment Management LLC grew its stake in shares of Tortoise Energy Infrastructure by 3.6% in the 2nd quarter. Allen Investment Management LLC now owns 86,187 shares of the financial services provider’s stock valued at $2,619,000 after purchasing an additional 3,035 shares during the last quarter. Hedge funds and other institutional investors own 30.08% of the company’s stock.
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Tortoise Energy Infrastructure Company Profile
Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.
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