Media stories about Tortoise Energy Infrastructure (NYSE:TYG) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tortoise Energy Infrastructure earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.5660874769643 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Tortoise Energy Infrastructure Corp. (TYG) VP Purchases $20,688.00 in Stock (americanbankingnews.com)
- Tortoise Energy Infrastructure Corp. Provides Unaudited Preliminary Balance Sheet Information & Asset Coverage Ratio Update a… (ih.advfn.com)
- Tortoise Energy Infrastructure Corp. Provides Unaudited Preliminary Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2017 (finance.yahoo.com)
- Tortoise Energy Infrastructure Corp. (TYG) Insider Matthew Sallee Buys 5,000 Shares (americanbankingnews.com)
Tortoise Energy Infrastructure (NYSE TYG) opened at $25.02 on Thursday. Tortoise Energy Infrastructure has a 52-week low of $24.30 and a 52-week high of $37.11.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd were given a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 10.47%. The ex-dividend date was Tuesday, November 21st. Tortoise Energy Infrastructure’s dividend payout ratio (DPR) is presently -18.82%.
In other Tortoise Energy Infrastructure news, insider Matthew Sallee bought 5,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were bought at an average price of $25.47 per share, for a total transaction of $127,350.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Prudential Financial Inc bought 25,000,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were acquired at an average price of $11,560,000.00 per share, for a total transaction of $289,000,000,000,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 25,006,740 shares of company stock worth $289,000,000,172,483 in the last 90 days. 0.33% of the stock is currently owned by insiders.
Tortoise Energy Infrastructure Company Profile
Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.
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