Wells Fargo & Company MN lessened its holdings in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 5.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 591,259 shares of the financial services provider’s stock after selling 35,703 shares during the period. Wells Fargo & Company MN owned 1.20% of Tortoise Energy Infrastructure worth $17,122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in shares of Tortoise Energy Infrastructure in the 3rd quarter valued at $624,000. Commerce Bank grew its holdings in shares of Tortoise Energy Infrastructure by 2.2% in the 3rd quarter. Commerce Bank now owns 155,784 shares of the financial services provider’s stock valued at $4,512,000 after buying an additional 3,367 shares during the period. Parkside Investments LLC grew its holdings in shares of Tortoise Energy Infrastructure by 11.4% in the 3rd quarter. Parkside Investments LLC now owns 136,239 shares of the financial services provider’s stock valued at $3,945,000 after buying an additional 13,902 shares during the period. Crescent Grove Advisors LLC grew its holdings in shares of Tortoise Energy Infrastructure by 10.2% in the 3rd quarter. Crescent Grove Advisors LLC now owns 134,410 shares of the financial services provider’s stock valued at $3,893,000 after buying an additional 12,434 shares during the period. Finally, Bradley Foster & Sargent Inc. CT acquired a new position in shares of Tortoise Energy Infrastructure in the 3rd quarter valued at $299,000. 30.02% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Matthew Sallee purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average price of $25.47 per share, with a total value of $127,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Prudential Financial Inc purchased 25,000,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was purchased at an average cost of $11,560,000.00 per share, with a total value of $289,000,000,000,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 25,007,740 shares of company stock valued at $289,000,000,198,613 in the last three months. 0.33% of the stock is owned by company insiders.

Tortoise Energy Infrastructure Corp. (TYG) opened at $26.09 on Thursday. Tortoise Energy Infrastructure Corp. has a fifty-two week low of $24.30 and a fifty-two week high of $37.11.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were issued a $0.655 dividend. This represents a $2.62 annualized dividend and a dividend yield of 10.04%. The ex-dividend date of this dividend was Tuesday, November 21st.

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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.

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

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