Cohen & Steers Inc. Purchases 10,164 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Cohen & Steers Inc. boosted its position in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 63.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,164 shares of the financial services provider's stock after buying an additional 10,164 shares during the quarter. Cohen & Steers Inc. owned approximately 0.24% of Tortoise Energy Infrastructure worth $1,099,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TYG. JPMorgan Chase & Co. acquired a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at approximately $25,000. Noble Wealth Management PBC acquired a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth about $30,000. Hartford Financial Management Inc. grew its holdings in shares of Tortoise Energy Infrastructure by 37.5% in the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 219 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at about $46,000. Finally, Eastern Bank bought a new stake in Tortoise Energy Infrastructure during the fourth quarter worth about $124,000. Institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Stock Up 1.0 %

TYG stock traded up $0.39 during mid-day trading on Friday, reaching $39.43. The company had a trading volume of 79,799 shares, compared to its average volume of 59,755. Tortoise Energy Infrastructure Co. has a 52 week low of $30.73 and a 52 week high of $48.76. The stock has a 50 day simple moving average of $41.87 and a two-hundred day simple moving average of $42.79.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were issued a dividend of $0.365 per share. The ex-dividend date was Monday, March 24th. This represents a yield of 10%.

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.