11,466 Shares in Tortoise Energy Infrastructure Co. (NYSE:TYG) Bought by Diversified Trust Co

Diversified Trust Co purchased a new position in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,466 shares of the financial services provider's stock, valued at approximately $482,000. Diversified Trust Co owned about 0.11% of Tortoise Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Raymond James & Associates increased its position in shares of Tortoise Energy Infrastructure by 679.7% in the third quarter. Raymond James & Associates now owns 75,830 shares of the financial services provider's stock worth $2,976,000 after acquiring an additional 66,104 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Tortoise Energy Infrastructure by 604.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 76,567 shares of the financial services provider's stock worth $3,005,000 after purchasing an additional 65,695 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Tortoise Energy Infrastructure by 12.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 251,075 shares of the financial services provider's stock valued at $9,855,000 after purchasing an additional 28,661 shares during the period. De Lisle Partners LLP raised its stake in Tortoise Energy Infrastructure by 42.3% during the 3rd quarter. De Lisle Partners LLP now owns 66,093 shares of the financial services provider's stock valued at $2,593,000 after purchasing an additional 19,644 shares during the period. Finally, Bayshore Asset Management LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the third quarter valued at $688,000. Institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG stock traded up $0.03 on Friday, reaching $43.94. 146,207 shares of the company's stock traded hands, compared to its average volume of 151,351. Tortoise Energy Infrastructure Co. has a 12-month low of $28.01 and a 12-month high of $46.35. The business's 50 day moving average price is $43.35 and its two-hundred day moving average price is $39.34.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a $0.365 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a dividend yield of 7.4%.

Insider Transactions at Tortoise Energy Infrastructure

In other news, major shareholder Prudential Financial Inc bought 1,500,000 shares of the company'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 transaction, the insider now directly owns 1,500,000 shares in the company, valued at approximately $15,000,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Saba Capital Management, L.P. sold 9,211 shares of Tortoise Energy Infrastructure stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $42.46, for a total value of $391,099.06. Following the sale, the insider now owns 1,066,901 shares of the company's stock, valued at approximately $45,300,616.46. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

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.