Old Port Advisors Sells 842 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Old Port Advisors reduced its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYGGet Rating) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,482 shares of the financial services provider’s stock after selling 842 shares during the quarter. Old Port Advisors’ holdings in Tortoise Energy Infrastructure were worth $613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ahrens Investment Partners LLC bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter valued at about $27,000. UMB Bank N A MO bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter valued at about $31,000. Cornerstone Advisory LLC bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter valued at about $64,000. Activest Wealth Management bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter valued at about $69,000. Finally, Cetera Advisor Networks LLC bought a new position in shares of Tortoise Energy Infrastructure in the third quarter valued at about $235,000. 33.04% of the stock is currently owned by hedge funds and other institutional investors.

TYG stock opened at $28.27 on Thursday. The company’s 50-day simple moving average is $32.76 and its 200 day simple moving average is $31.20. Tortoise Energy Infrastructure Co. has a 52 week low of $24.77 and a 52 week high of $36.85.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 24th were paid a dividend of $0.71 per share. The ex-dividend date was Monday, May 23rd. This represents a $2.84 dividend on an annualized basis and a yield of 10.05%.

Tortoise Energy Infrastructure Company Profile (Get Rating)

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.

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

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