Raymond James Financial Inc. Raises Stock Position in Tortoise Energy Infrastructure Corporation $TYG

Raymond James Financial Inc. boosted its position in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 50.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,729 shares of the financial services provider’s stock after purchasing an additional 86,304 shares during the quarter. Raymond James Financial Inc. owned about 2.38% of Tortoise Energy Infrastructure worth $11,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. MGB Wealth Management LLC boosted its holdings in Tortoise Energy Infrastructure by 1.1% in the 1st quarter. MGB Wealth Management LLC now owns 23,295 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 258 shares during the period. Comerica Bank grew its stake in Tortoise Energy Infrastructure by 95.0% in the 4th quarter. Comerica Bank now owns 942 shares of the financial services provider’s stock worth $40,000 after buying an additional 459 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Tortoise Energy Infrastructure in the 4th quarter worth approximately $25,000. D.A. Davidson & CO. grew its stake in Tortoise Energy Infrastructure by 4.7% in the 1st quarter. D.A. Davidson & CO. now owns 14,022 shares of the financial services provider’s stock worth $604,000 after buying an additional 629 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Tortoise Energy Infrastructure by 68.9% in the 1st quarter. Spire Wealth Management now owns 1,611 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 657 shares in the last quarter. 32.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Prudential Financial Inc purchased 1,500,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was bought at an average cost of $10.00 per share, for a total transaction of $15,000,000.00. Following the acquisition, the insider directly owned 1,500,000 shares of the company’s stock, valued at $15,000,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Tortoise Energy Infrastructure Stock Down 0.4%

Shares of Tortoise Energy Infrastructure stock opened at $42.63 on Friday. Tortoise Energy Infrastructure Corporation has a 52-week low of $33.73 and a 52-week high of $48.76. The company has a fifty day moving average of $43.01 and a 200-day moving average of $41.89.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd will be issued a dividend of $0.365 per share. This represents a c) dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Tuesday, September 23rd.

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.