Tortoise Energy Infrastructure Corporation (NYSE:TYG) Shares Sold by Atlantic Trust Group LLC

Atlantic Trust Group LLC lowered its stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,081 shares of the financial services provider’s stock after selling 1,525 shares during the quarter. Atlantic Trust Group LLC’s holdings in Tortoise Energy Infrastructure Corporation were worth $5,990,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC boosted its position in Tortoise Energy Infrastructure Corporation by 1,497.1% during the 1st quarter. Sowell Financial Services LLC now owns 6,101 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 5,719 shares during the period. Chicago Partners Investment Group LLC boosted its position in Tortoise Energy Infrastructure Corporation by 258.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,539 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 4,715 shares during the period. BerganKDV Wealth Management LLC acquired a new position in Tortoise Energy Infrastructure Corporation during the 2nd quarter worth $207,000. Investment Centers of America Inc. acquired a new position in Tortoise Energy Infrastructure Corporation during the 1st quarter worth $252,000. Finally, Ngam Advisors L.P. acquired a new position in Tortoise Energy Infrastructure Corporation during the 1st quarter worth $411,000. Institutional investors and hedge funds own 30.45% of the company’s stock.

Shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) opened at 28.33 on Friday. The stock has a 50 day moving average price of $28.67 and a 200 day moving average price of $31.26. Tortoise Energy Infrastructure Corporation has a one year low of $26.93 and a one year high of $37.11.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th were issued a dividend of $0.655 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $2.62 annualized dividend and a dividend yield of 9.25%.

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Separately, Stifel Nicolaus upgraded Tortoise Energy Infrastructure Corporation from a “hold” rating to a “buy” rating and reduced their price target for the stock from $35.00 to $34.00 in a research report on Wednesday, June 28th. They noted that the move was a valuation call.

Tortoise Energy Infrastructure Corporation Profile

Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.

Institutional Ownership by Quarter for Tortoise Energy Infrastructure Corporation (NYSE:TYG)

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