Tortoise Energy Infrastructure Corp. (TYG) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its stake in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,889 shares of the financial services provider’s stock after selling 10,904 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.37% of Tortoise Energy Infrastructure worth $5,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TYG. Dean Investment Associates LLC increased its stake in Tortoise Energy Infrastructure by 1.2% in the 3rd quarter. Dean Investment Associates LLC now owns 197,589 shares of the financial services provider’s stock worth $5,722,000 after purchasing an additional 2,285 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Tortoise Energy Infrastructure by 9.2% during the third quarter. Janney Montgomery Scott LLC now owns 29,958 shares of the financial services provider’s stock valued at $868,000 after buying an additional 2,533 shares during the period. Stifel Financial Corp increased its stake in shares of Tortoise Energy Infrastructure by 4.0% during the second quarter. Stifel Financial Corp now owns 78,912 shares of the financial services provider’s stock valued at $2,388,000 after buying an additional 3,011 shares during the period. Whitnell & Co. increased its stake in shares of Tortoise Energy Infrastructure by 1.3% during the fourth quarter. Whitnell & Co. now owns 251,546 shares of the financial services provider’s stock valued at $7,315,000 after buying an additional 3,315 shares during the period. Finally, Commerce Bank increased its stake in shares of Tortoise Energy Infrastructure by 2.2% during the third quarter. Commerce Bank now owns 155,784 shares of the financial services provider’s stock valued at $4,512,000 after buying an additional 3,367 shares during the period. Hedge funds and other institutional investors own 30.40% of the company’s stock.

In other Tortoise Energy Infrastructure news, insider Matthew Sallee bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of $25.47 per share, for a total transaction of $127,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO P. Bradley Adams bought 1,571 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were acquired at an average price of $28.45 per share, with a total value of $44,694.95. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 10,537 shares of company stock valued at $278,434. Company insiders own 0.33% of the company’s stock.

Tortoise Energy Infrastructure Corp. (NYSE TYG) traded down $0.62 during trading on Monday, reaching $30.15. The company’s stock had a trading volume of 204,000 shares, compared to its average volume of 200,845. Tortoise Energy Infrastructure Corp. has a twelve month low of $24.30 and a twelve month high of $36.60.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st will be given a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date of this dividend is Tuesday, February 20th.

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Tortoise Energy Infrastructure 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 (NYSE:TYG)

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