Bayshore Asset Management LLC Buys New Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Bayshore Asset Management LLC acquired a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) during the third quarter, HoldingsChannel.com reports. The fund acquired 17,527 shares of the financial services provider’s stock, valued at approximately $688,000.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Tortoise Energy Infrastructure during the third quarter valued at $82,000. Blue Bell Private Wealth Management LLC grew its stake in Tortoise Energy Infrastructure by 27.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 640 shares during the period. Carmichael Hill & Associates Inc. increased its holdings in Tortoise Energy Infrastructure by 9.4% in the second quarter. Carmichael Hill & Associates Inc. now owns 7,931 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 682 shares in the last quarter. Transcend Capital Advisors LLC bought a new stake in shares of Tortoise Energy Infrastructure in the 2nd quarter valued at $320,000. Finally, SeaCrest Wealth Management LLC boosted its holdings in Tortoise Energy Infrastructure by 37.4% in the first quarter. SeaCrest Wealth Management LLC now owns 11,729 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 3,192 shares in the last quarter. 32.50% of the stock is currently owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG stock opened at $41.00 on Tuesday. Tortoise Energy Infrastructure Co. has a 12 month low of $27.25 and a 12 month high of $41.46. The firm has a fifty day simple moving average of $37.99 and a two-hundred day simple moving average of $35.07.

Tortoise Energy Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date was Friday, August 23rd. This is a positive change from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.71.

Tortoise Energy Infrastructure 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.