Catalina Capital Group LLC Invests $266,000 in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Catalina Capital Group LLC purchased a new position in Tortoise Energy Infrastructure Co. (NYSE:TYG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,332 shares of the financial services provider’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hartford Financial Management Inc. lifted its stake in Tortoise Energy Infrastructure by 37.5% in the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 219 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Tortoise Energy Infrastructure during the third quarter worth approximately $82,000. Eastern Bank purchased a new position in Tortoise Energy Infrastructure during the fourth quarter worth approximately $124,000. First National Bank of Mount Dora Trust Investment Services acquired a new position in Tortoise Energy Infrastructure during the fourth quarter worth $205,000. Finally, Absolute Investment Advisers LLC purchased a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at $214,000. 32.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tortoise Energy Infrastructure

In other news, major shareholder Prudential Financial Inc bought 1,500,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the transaction, the insider now directly owns 1,500,000 shares in the company, valued at $15,000,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Saba Capital Management, L.P. sold 9,211 shares of Tortoise Energy Infrastructure stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $42.46, for a total transaction of $391,099.06. Following the completion of the transaction, the insider now owns 1,066,901 shares of the company’s stock, valued at $45,300,616.46. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

Tortoise Energy Infrastructure Trading Up 0.7 %

NYSE TYG opened at $45.39 on Tuesday. The business’s fifty day simple moving average is $44.32 and its 200-day simple moving average is $40.59. Tortoise Energy Infrastructure Co. has a 52 week low of $28.43 and a 52 week high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.365 per share. This represents a yield of 7.4%. The ex-dividend date of this dividend is Friday, February 21st.

About Tortoise Energy Infrastructure

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.