Raymond James & Associates Purchases 66,104 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Raymond James & Associates raised its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 679.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 75,830 shares of the financial services provider's stock after purchasing an additional 66,104 shares during the quarter. Raymond James & Associates owned 0.70% of Tortoise Energy Infrastructure worth $2,976,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TYG. Eagle Bluffs Wealth Management LLC increased its holdings in Tortoise Energy Infrastructure by 5.2% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 105,038 shares of the financial services provider's stock valued at $3,663,000 after buying an additional 5,147 shares during the period. Wolverine Asset Management LLC raised its position in Tortoise Energy Infrastructure by 7.2% in the second quarter. Wolverine Asset Management LLC now owns 94,866 shares of the financial services provider's stock worth $3,308,000 after purchasing an additional 6,337 shares in the last quarter. Almitas Capital LLC lifted its stake in Tortoise Energy Infrastructure by 157.6% during the second quarter. Almitas Capital LLC now owns 25,457 shares of the financial services provider's stock worth $888,000 after purchasing an additional 15,576 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Tortoise Energy Infrastructure by 11.3% during the first quarter. Janney Montgomery Scott LLC now owns 21,405 shares of the financial services provider's stock valued at $662,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Tortoise Energy Infrastructure by 7.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 21,388 shares of the financial services provider's stock valued at $661,000 after purchasing an additional 1,492 shares during the period. Institutional investors and hedge funds own 32.50% of the company's stock.

Tortoise Energy Infrastructure Stock Up 0.2 %

NYSE TYG traded up $0.06 during trading hours on Tuesday, reaching $40.00. 39,184 shares of the company's stock were exchanged, compared to its average volume of 38,683. The firm has a fifty day moving average of $38.84 and a 200-day moving average of $35.74. Tortoise Energy Infrastructure Co. has a one year low of $27.44 and a one year high of $41.46.

Tortoise Energy Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 7.80%. This is a positive change from Tortoise Energy Infrastructure's previous quarterly dividend of $0.71. The ex-dividend date was Friday, August 23rd.

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.