Tortoise Energy Infrastructure (NYSE:TYG) Director Andrew Iseman Acquires 3,000 Shares

Tortoise Energy Infrastructure Corporation (NYSE:TYG) Director Andrew Iseman bought 3,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $46.83 per share, for a total transaction of $140,490.00. Following the transaction, the director owned 3,000 shares of the company’s stock, valued at $140,490. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Tortoise Energy Infrastructure Price Performance

TYG traded up $0.32 during trading on Friday, reaching $44.44. 89,138 shares of the stock were exchanged, compared to its average volume of 82,993. The stock’s 50 day moving average price is $42.84 and its two-hundred day moving average price is $42.37. Tortoise Energy Infrastructure Corporation has a twelve month low of $33.73 and a twelve month high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.475 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 12.8%.

Hedge Funds Weigh In On Tortoise Energy Infrastructure

A number of hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. grew its position in Tortoise Energy Infrastructure by 47.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,000 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Tortoise Energy Infrastructure during the 2nd quarter worth $203,000. Commerce Bank acquired a new stake in Tortoise Energy Infrastructure in the first quarter valued at about $217,000. MBA Advisors LLC bought a new stake in shares of Tortoise Energy Infrastructure during the 3rd quarter valued at approximately $220,000. Finally, Wolverine Asset Management LLC bought a new position in shares of Tortoise Energy Infrastructure in the 3rd quarter valued at $221,000. 32.50% of the stock is owned by institutional investors.

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.