LongView Wealth Management Takes Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

LongView Wealth Management acquired a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,990 shares of the financial services provider's stock, valued at approximately $294,000. LongView Wealth Management owned about 0.06% of Tortoise Energy Infrastructure as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Tortoise Energy Infrastructure in the third quarter valued at approximately $82,000. Eastern Bank acquired a new position in Tortoise Energy Infrastructure during the fourth quarter worth $124,000. First National Bank of Mount Dora Trust Investment Services purchased a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at $205,000. Bard Associates Inc. acquired a new stake in shares of Tortoise Energy Infrastructure in the 3rd quarter worth $356,000. Finally, Diversified Trust Co purchased a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth $482,000. Hedge funds and other institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Up 0.7 %

Shares of TYG traded up $0.32 during mid-day trading on Friday, reaching $47.13. The stock had a trading volume of 216,946 shares, compared to its average volume of 75,501. Tortoise Energy Infrastructure Co. has a 52-week low of $28.01 and a 52-week high of $47.58. The business's fifty day moving average is $43.81 and its 200 day moving average is $39.76.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid 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 Tortoise Energy Infrastructure news, major shareholder Prudential Financial Inc purchased 1,500,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $15,000,000.00. Following the acquisition, the insider now owns 1,500,000 shares in the company, valued at $15,000,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the business's 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 owns 1,061,234 shares in the company, valued at approximately $44,157,946.74. This trade represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.28% of the company's stock.

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.