Oppenheimer & Co. Inc. Invests $208,000 in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Oppenheimer & Co. Inc. acquired a new stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,065 shares of the financial services provider’s stock, valued at approximately $208,000. Oppenheimer & Co. Inc. owned approximately 0.06% of Tortoise Energy Infrastructure at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Tortoise Energy Infrastructure by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 744,606 shares of the financial services provider’s stock valued at $21,891,000 after purchasing an additional 11,158 shares during the last quarter. Morgan Stanley boosted its holdings in Tortoise Energy Infrastructure by 2.6% during the 4th quarter. Morgan Stanley now owns 428,469 shares of the financial services provider’s stock valued at $13,612,000 after acquiring an additional 10,952 shares during the period. Advisors Asset Management Inc. boosted its holdings in Tortoise Energy Infrastructure by 0.8% during the 4th quarter. Advisors Asset Management Inc. now owns 163,466 shares of the financial services provider’s stock valued at $5,193,000 after acquiring an additional 1,369 shares during the period. Atlas Wealth LLC purchased a new stake in Tortoise Energy Infrastructure during the 4th quarter valued at about $5,123,000. Finally, Arete Wealth Advisors LLC bought a new stake in Tortoise Energy Infrastructure during the 1st quarter valued at $4,073,093,000,000. 35.13% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Trading Down 0.3 %

NYSE:TYG opened at $30.13 on Friday. The company has a fifty day moving average of $30.03 and a 200 day moving average of $29.60. Tortoise Energy Infrastructure Co. has a 52 week low of $26.72 and a 52 week high of $35.94.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 24th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.84 dividend on an annualized basis and a yield of 9.43%.

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.