Raymond James Financial Services Advisors Inc. boosted its stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 0.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,575 shares of the financial services provider’s stock after purchasing an additional 118 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Tortoise Energy Infrastructure Corporation were worth $5,093,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Uniplan Investment Counsel Inc. boosted its position in Tortoise Energy Infrastructure Corporation by 9.2% during the second quarter. Uniplan Investment Counsel Inc. now owns 929,294 shares of the financial services provider’s stock worth $28,241,000 after purchasing an additional 78,354 shares during the period. Private Bank & Trust Co. bought a new stake in Tortoise Energy Infrastructure Corporation during the second quarter worth approximately $414,000. Allen Investment Management LLC boosted its position in Tortoise Energy Infrastructure Corporation by 3.6% during the second quarter. Allen Investment Management LLC now owns 86,187 shares of the financial services provider’s stock worth $2,619,000 after purchasing an additional 3,035 shares during the period. Morgan Stanley boosted its position in Tortoise Energy Infrastructure Corporation by 21.5% during the first quarter. Morgan Stanley now owns 1,620,344 shares of the financial services provider’s stock worth $56,534,000 after purchasing an additional 286,445 shares during the period. Finally, BKD Wealth Advisors LLC boosted its position in Tortoise Energy Infrastructure Corporation by 67.9% during the second quarter. BKD Wealth Advisors LLC now owns 74,190 shares of the financial services provider’s stock worth $2,255,000 after purchasing an additional 30,000 shares during the period. 30.45% of the stock is owned by hedge funds and other institutional investors.

In other Tortoise Energy Infrastructure Corporation news, major shareholder Prudential Financial Inc bought 25,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were acquired at an average cost of $11,560,000.00 per share, with a total value of $289,000,000,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.

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Separately, Stifel Nicolaus raised Tortoise Energy Infrastructure Corporation from a “hold” rating to a “buy” rating and decreased their target price for the stock from $35.00 to $34.00 in a research report on Wednesday, June 28th. They noted that the move was a valuation call.

Tortoise Energy Infrastructure Corporation Company 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.

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

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