First National Bank of Mount Dora Trust Investment Services Acquires Shares of 4,892 Tortoise Energy Infrastructure Co. (NYSE:TYG)

First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) during the 4th quarter, HoldingsChannel reports. The firm acquired 4,892 shares of the financial services provider’s stock, valued at approximately $205,000.

Several other large investors have also bought and sold shares of TYG. Almitas Capital LLC lifted its stake in Tortoise Energy Infrastructure by 157.6% during the 2nd quarter. Almitas Capital LLC now owns 25,457 shares of the financial services provider’s stock valued at $888,000 after acquiring an additional 15,576 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in Tortoise Energy Infrastructure in the 2nd quarter valued at about $415,000. Sanctuary Advisors LLC bought a new stake in Tortoise Energy Infrastructure in the 2nd quarter valued at about $469,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Tortoise Energy Infrastructure in the 3rd quarter valued at about $82,000. Finally, Raymond James & Associates raised its stake in Tortoise Energy Infrastructure by 679.7% in the 3rd quarter. Raymond James & Associates now owns 75,830 shares of the financial services provider’s stock valued at $2,976,000 after acquiring an additional 66,104 shares during the period. 32.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tortoise Energy Infrastructure

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

Tortoise Energy Infrastructure Stock Performance

Shares of Tortoise Energy Infrastructure stock opened at $47.13 on Friday. Tortoise Energy Infrastructure Co. has a 52-week low of $28.01 and a 52-week high of $47.58. The stock’s 50-day simple moving average is $43.81 and its 200 day simple moving average is $39.69.

Tortoise Energy Infrastructure Dividend Announcement

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