Luminus Management LLC purchased a new position in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 92,219 shares of the financial services provider’s stock, valued at approximately $2,682,000. Luminus Management LLC owned 0.19% of Tortoise Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of TYG. Kayne Anderson Capital Advisors LP acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $564,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $701,000. Boulegeris Investments Inc. lifted its holdings in shares of Tortoise Energy Infrastructure by 19.7% in the 4th quarter. Boulegeris Investments Inc. now owns 157,536 shares of the financial services provider’s stock valued at $4,581,000 after buying an additional 25,959 shares during the period. 180 Wealth Advisors LLC acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $826,000. Finally, Commerce Bank lifted its holdings in shares of Tortoise Energy Infrastructure by 139.7% in the 4th quarter. Commerce Bank now owns 373,460 shares of the financial services provider’s stock valued at $10,861,000 after buying an additional 217,676 shares during the period. 29.78% of the stock is owned by institutional investors.
Tortoise Energy Infrastructure Corp. (NYSE:TYG) opened at $27.85 on Wednesday. Tortoise Energy Infrastructure Corp. has a fifty-two week low of $24.30 and a fifty-two week high of $35.36.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 21st were issued a $0.655 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.62 annualized dividend and a dividend yield of 9.41%.
In related news, CEO P. Bradley Adams acquired 1,500 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was acquired at an average price of $28.33 per share, with a total value of $42,495.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% 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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