Allspring Global Investments Holdings LLC Reduces Stock Holdings in Tortoise Energy Infrastructure Corporation $TYG

Allspring Global Investments Holdings LLC reduced its stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 32.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,356 shares of the financial services provider’s stock after selling 66,982 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.31% of Tortoise Energy Infrastructure worth $6,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Tortoise Energy Infrastructure by 150.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 30,478 shares of the financial services provider’s stock valued at $1,338,000 after buying an additional 18,286 shares during the last quarter. Next Capital Management LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the second quarter valued at approximately $429,000. Janney Montgomery Scott LLC boosted its position in shares of Tortoise Energy Infrastructure by 5.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 34,506 shares of the financial services provider’s stock worth $1,515,000 after purchasing an additional 1,908 shares in the last quarter. Penserra Capital Management LLC grew its position in Tortoise Energy Infrastructure by 3.0% during the second quarter. Penserra Capital Management LLC now owns 118,774 shares of the financial services provider’s stock worth $5,212,000 after buying an additional 3,509 shares during the period. Finally, Strategic Advocates LLC grew its holdings in shares of Tortoise Energy Infrastructure by 9.6% in the 2nd quarter. Strategic Advocates LLC now owns 23,271 shares of the financial services provider’s stock worth $1,021,000 after acquiring an additional 2,042 shares during the period. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Insider Activity at Tortoise Energy Infrastructure

In other news, Director Andrew J. Iseman acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average price of $46.83 per share, with a total value of $140,490.00. Following the completion of the transaction, the director directly owned 3,000 shares in the company, valued at approximately $140,490. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Tortoise Energy Infrastructure Price Performance

Shares of NYSE TYG opened at $41.27 on Wednesday. The company’s 50-day moving average price is $42.60 and its 200 day moving average price is $42.76. Tortoise Energy Infrastructure Corporation has a 52 week low of $33.73 and a 52 week high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.475 per share. This represents a c) dividend on an annualized basis and a yield of 13.8%. The ex-dividend date is Friday, February 20th.

Tortoise Energy Infrastructure Profile

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.