Allspring Global Investments Holdings LLC trimmed its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 9.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 2.54% of Tortoise Energy Infrastructure worth $11,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the business. Hartford Financial Management Inc. boosted its holdings in Tortoise Energy Infrastructure by 37.5% in the fourth 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 in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Tortoise Energy Infrastructure by 6.0% in the third quarter. D.A. Davidson & CO. now owns 11,636 shares of the financial services provider's stock valued at $457,000 after acquiring an additional 661 shares during the period. Eagle Bluffs Wealth Management LLC grew its position in shares of Tortoise Energy Infrastructure by 0.8% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 105,903 shares of the financial services provider's stock worth $4,157,000 after acquiring an additional 865 shares during the last quarter. DAVENPORT & Co LLC raised its position in Tortoise Energy Infrastructure by 13.6% in the 4th quarter. DAVENPORT & Co LLC now owns 7,622 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 915 shares during the last quarter. Finally, Bayshore Asset Management LLC boosted its stake in Tortoise Energy Infrastructure by 6.6% during the 4th quarter. Bayshore Asset Management LLC now owns 18,679 shares of the financial services provider's stock worth $785,000 after purchasing an additional 1,152 shares during the period. Hedge funds and other institutional investors own 32.50% of the company's stock.
Tortoise Energy Infrastructure Trading Down 1.4 %
NYSE TYG traded down $0.66 during trading on Friday, reaching $44.95. The company's stock had a trading volume of 110,302 shares, compared to its average volume of 125,850. The business's fifty day moving average price is $44.49 and its 200-day moving average price is $41.51. Tortoise Energy Infrastructure Co. has a twelve month low of $28.91 and a twelve month high of $48.76.
Tortoise Energy Infrastructure Announces Dividend
The business also recently disclosed a -- dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.365 per share. This represents a yield of 7.4%. The ex-dividend date is Friday, February 21st.
Insiders Place Their Bets
In other news, major shareholder Prudential Financial Inc acquired 1,500,000 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of $10.00 per share, for a total transaction of $15,000,000.00. Following the transaction, the insider now owns 1,500,000 shares in the company, valued at $15,000,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 5,667 shares of Tortoise Energy Infrastructure 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 insiders.
Tortoise Energy Infrastructure Company Profile
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Free Report)
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.
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