Pinnacle Associates Ltd. Buys Shares of 85,437 Tortoise Energy Infrastructure Corp. (TYG)

Pinnacle Associates Ltd. bought a new stake in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85,437 shares of the financial services provider’s stock, valued at approximately $2,134,000. Pinnacle Associates Ltd. owned about 0.17% of Tortoise Energy Infrastructure as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Yorkville Capital Management LLC purchased a new stake in Tortoise Energy Infrastructure during the fourth quarter valued at approximately $257,000. OTA Financial Group L.P. acquired a new position in Tortoise Energy Infrastructure during the 4th quarter valued at approximately $477,000. Stansberry Asset Management LLC acquired a new position in Tortoise Energy Infrastructure during the 4th quarter valued at approximately $512,000. Wetherby Asset Management Inc. acquired a new position in Tortoise Energy Infrastructure during the 4th quarter valued at approximately $523,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in Tortoise Energy Infrastructure during the 4th quarter valued at approximately $564,000. 30.62% of the stock is owned by institutional investors.

Shares of Tortoise Energy Infrastructure stock opened at $28.84 on Friday. Tortoise Energy Infrastructure Corp. has a 12-month low of $24.24 and a 12-month high of $32.40.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Thursday, May 24th were paid a dividend of $0.655 per share. The ex-dividend date of this dividend was Wednesday, May 23rd. This represents a $2.62 dividend on an annualized basis and a yield of 9.08%.

Tortoise Energy Infrastructure Company Profile

There is no company description available for Tortoise Energy Infrastructure Corporation.

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

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