Steward Partners Investment Advisory LLC Purchases 10,512 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Steward Partners Investment Advisory LLC increased its stake in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 625.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,192 shares of the financial services provider's stock after buying an additional 10,512 shares during the quarter. Steward Partners Investment Advisory LLC owned 0.11% of Tortoise Energy Infrastructure worth $512,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Kercheville Advisors LLC purchased a new position in Tortoise Energy Infrastructure in the fourth quarter valued at about $480,000. Financial Advocates Investment Management lifted its stake in Tortoise Energy Infrastructure by 337.1% in the fourth quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider's stock valued at $1,304,000 after purchasing an additional 23,953 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Tortoise Energy Infrastructure by 58.6% during the third quarter. Sanctuary Advisors LLC now owns 21,347 shares of the financial services provider's stock valued at $838,000 after purchasing an additional 7,891 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Tortoise Energy Infrastructure by 39.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 31,715 shares of the financial services provider's stock valued at $1,332,000 after buying an additional 9,007 shares during the period. Finally, Catalina Capital Group LLC bought a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth $266,000. Hedge funds and other institutional investors own 32.50% of the company's stock.

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Insider Transactions at Tortoise Energy Infrastructure

In other Tortoise Energy Infrastructure news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $41.61, for a total value of $235,803.87. Following the completion of the transaction, the insider now owns 1,061,234 shares of the company's stock, valued at $44,157,946.74. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Prudential Financial Inc bought 1,500,000 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $10.00 per share, with a total value of $15,000,000.00. Following the completion of the transaction, the insider now directly owns 1,500,000 shares of the company's stock, valued at $15,000,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company's stock.

Tortoise Energy Infrastructure Trading Down 0.2 %

TYG traded down $0.10 during trading hours on Thursday, hitting $41.31. The stock had a trading volume of 48,464 shares, compared to its average volume of 54,564. Tortoise Energy Infrastructure Co. has a 1 year low of $29.18 and a 1 year high of $48.76. The company's fifty day simple moving average is $44.46 and its 200 day simple moving average is $42.13.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 23rd will be paid a dividend of $0.365 per share. This represents a dividend yield of 8.4%. The ex-dividend date is Friday, May 23rd.

Tortoise Energy Infrastructure 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.