Stephens Inc. AR lowered its position in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 13.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,324 shares of the financial services provider’s stock after selling 3,272 shares during the quarter. Stephens Inc. AR’s holdings in Tortoise Energy Infrastructure were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Sit Investment Associates Inc. increased its stake in shares of Tortoise Energy Infrastructure by 10.1% in the fourth quarter. Sit Investment Associates Inc. now owns 699,841 shares of the financial services provider’s stock valued at $20,351,000 after purchasing an additional 64,113 shares during the period. Cedar Hill Associates LLC increased its stake in shares of Tortoise Energy Infrastructure by 7.4% in the third quarter. Cedar Hill Associates LLC now owns 419,044 shares of the financial services provider’s stock valued at $12,135,000 after purchasing an additional 28,990 shares during the period. Paragon Capital Management LLC increased its stake in shares of Tortoise Energy Infrastructure by 14.8% in the third quarter. Paragon Capital Management LLC now owns 296,881 shares of the financial services provider’s stock valued at $8,597,000 after purchasing an additional 38,227 shares during the period. Roble Belko & Company Inc increased its stake in shares of Tortoise Energy Infrastructure by 3.5% in the fourth quarter. Roble Belko & Company Inc now owns 286,007 shares of the financial services provider’s stock valued at $8,317,000 after purchasing an additional 9,777 shares during the period. Finally, Whitnell & Co. increased its stake in shares of Tortoise Energy Infrastructure by 1.3% in the fourth quarter. Whitnell & Co. now owns 251,546 shares of the financial services provider’s stock valued at $7,315,000 after purchasing an additional 3,315 shares during the period. Institutional investors own 29.51% of the company’s stock.

In related news, CEO P. Bradley Adams acquired 1,500 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were acquired at an average price of $28.33 per share, for a total transaction of $42,495.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terry Matlack acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were bought at an average price of $26.13 per share, for a total transaction of $26,130.00. The disclosure for this purchase can be found here. Insiders have purchased 10,537 shares of company stock worth $278,434 in the last quarter. Company insiders own 0.33% of the company’s stock.

Shares of Tortoise Energy Infrastructure Corp. (NYSE TYG) opened at $30.05 on Tuesday. Tortoise Energy Infrastructure Corp. has a 12 month low of $24.30 and a 12 month high of $37.11.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.655 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 8.72%.

TRADEMARK VIOLATION WARNING: “Stephens Inc. AR Has $591,000 Holdings in Tortoise Energy Infrastructure Corp. (TYG)” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://theolympiareport.com/2018/02/13/stephens-inc-ar-has-591000-holdings-in-tortoise-energy-infrastructure-corp-tyg.html.

Tortoise Energy Infrastructure 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.

Want to see what other hedge funds are holding TYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tortoise Energy Infrastructure Corp. (NYSE:TYG).

Institutional Ownership by Quarter for Tortoise Energy Infrastructure (NYSE:TYG)

Receive News & Ratings for Tortoise Energy Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Energy Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.