Tortoise Energy Infrastructure Corporation (TYG) Earning Favorable Press Coverage, Report Finds
Headlines about Tortoise Energy Infrastructure Corporation (NYSE:TYG) have trended positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tortoise Energy Infrastructure Corporation earned a news impact score of 0.36 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Separately, Stifel Nicolaus upgraded shares of Tortoise Energy Infrastructure Corporation from a “hold” rating to a “buy” rating and decreased their target price for the company from $35.00 to $34.00 in a research note on Wednesday, June 28th. They noted that the move was a valuation call.
Tortoise Energy Infrastructure Corporation (TYG) traded up 2.85% during trading on Friday, hitting $30.68. 134,986 shares of the company traded hands. The company’s 50-day moving average is $31.03 and its 200 day moving average is $32.63. Tortoise Energy Infrastructure Corporation has a 52-week low of $27.40 and a 52-week high of $37.11.
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About Tortoise Energy Infrastructure Corporation
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.
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