Tortoise Energy Infrastructure Co. (NYSE:TYG) Stake Boosted by Comerica Bank

Comerica Bank grew its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 95.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 942 shares of the financial services provider’s stock after acquiring an additional 459 shares during the period. Comerica Bank’s holdings in Tortoise Energy Infrastructure were worth $40,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of Tortoise Energy Infrastructure by 53.8% in the 4th quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider’s stock valued at $16,221,000 after purchasing an additional 135,146 shares during the last quarter. Aristides Capital LLC lifted its stake in shares of Tortoise Energy Infrastructure by 128.7% in the 4th quarter. Aristides Capital LLC now owns 269,253 shares of the financial services provider’s stock valued at $11,309,000 after purchasing an additional 151,510 shares during the last quarter. Wells Fargo & Company MN lifted its position in Tortoise Energy Infrastructure by 1,713.7% during the 4th quarter. Wells Fargo & Company MN now owns 222,159 shares of the financial services provider’s stock worth $9,331,000 after acquiring an additional 209,910 shares during the last quarter. Sit Investment Associates Inc. lifted its position in Tortoise Energy Infrastructure by 44.7% during the 4th quarter. Sit Investment Associates Inc. now owns 190,690 shares of the financial services provider’s stock worth $8,009,000 after acquiring an additional 58,938 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Tortoise Energy Infrastructure during the 4th quarter worth $7,158,000. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Price Performance

Tortoise Energy Infrastructure stock opened at $41.41 on Tuesday. Tortoise Energy Infrastructure Co. has a fifty-two week low of $32.50 and a fifty-two week high of $48.76. The firm has a fifty day moving average price of $40.42 and a two-hundred day moving average price of $42.71.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.365 per share. This represents a $4.38 dividend on an annualized basis and a yield of 10.58%. The ex-dividend date is Friday, August 22nd.

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.