Zimmer Partners LP Acquires 23,460 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Zimmer Partners LP lifted its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 38.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 83,918 shares of the financial services provider’s stock after purchasing an additional 23,460 shares during the period. Zimmer Partners LP owned 0.78% of Tortoise Energy Infrastructure worth $3,525,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TYG. JPMorgan Chase & Co. acquired a new position in Tortoise Energy Infrastructure during the 4th quarter worth $25,000. Noble Wealth Management PBC bought a new stake in shares of Tortoise Energy Infrastructure during the fourth quarter worth $30,000. Hartford Financial Management Inc. lifted its stake in shares of Tortoise Energy Infrastructure by 37.5% during the fourth quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 219 shares during the period. Comerica Bank lifted its stake in shares of Tortoise Energy Infrastructure by 95.0% during the fourth quarter. Comerica Bank now owns 942 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 459 shares during the period. Finally, Principal Securities Inc. bought a new position in Tortoise Energy Infrastructure in the fourth quarter valued at about $46,000. Institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 0.4%

Shares of TYG stock opened at $41.50 on Wednesday. Tortoise Energy Infrastructure Co. has a 12 month low of $32.50 and a 12 month high of $48.76. The stock has a 50-day moving average price of $40.43 and a 200 day moving average price of $42.70.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.365 per share. This represents a $4.38 annualized dividend and a dividend yield of 10.55%. The ex-dividend date of this dividend 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.