Raymond James & Associates Acquires 66,104 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Raymond James & Associates boosted its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 679.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 75,830 shares of the financial services provider’s stock after buying an additional 66,104 shares during the period. Raymond James & Associates owned approximately 0.70% of Tortoise Energy Infrastructure worth $2,976,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Tortoise Energy Infrastructure during the 3rd quarter worth approximately $82,000. Sanctuary Advisors LLC bought a new stake in Tortoise Energy Infrastructure in the second quarter valued at approximately $469,000. Ariadne Wealth Management LP acquired a new stake in shares of Tortoise Energy Infrastructure in the second quarter valued at approximately $415,000. Almitas Capital LLC increased its holdings in shares of Tortoise Energy Infrastructure by 157.6% during the 2nd quarter. Almitas Capital LLC now owns 25,457 shares of the financial services provider’s stock worth $888,000 after acquiring an additional 15,576 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in Tortoise Energy Infrastructure by 27.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 640 shares during the period. 32.50% of the stock is owned by institutional investors.

Tortoise Energy Infrastructure Stock Down 0.6 %

TYG stock opened at $39.94 on Tuesday. Tortoise Energy Infrastructure Co. has a one year low of $27.44 and a one year high of $41.46. The company has a fifty day moving average price of $38.84 and a two-hundred day moving average price of $35.74.

Tortoise Energy Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend was Friday, August 23rd. This is a boost from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.71.

About Tortoise Energy Infrastructure

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.