Bayshore Asset Management LLC Acquires 1,152 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Bayshore Asset Management LLC raised its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 6.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,679 shares of the financial services provider’s stock after purchasing an additional 1,152 shares during the period. Bayshore Asset Management LLC’s holdings in Tortoise Energy Infrastructure were worth $785,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Advisors Asset Management Inc. increased its position in Tortoise Energy Infrastructure by 12.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 251,075 shares of the financial services provider’s stock valued at $9,855,000 after buying an additional 28,661 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its stake in shares of Tortoise Energy Infrastructure by 0.8% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 105,903 shares of the financial services provider’s stock worth $4,157,000 after acquiring an additional 865 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Tortoise Energy Infrastructure by 604.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 76,567 shares of the financial services provider’s stock valued at $3,005,000 after acquiring an additional 65,695 shares in the last quarter. Raymond James & Associates raised its position in shares of 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 worth $2,976,000 after purchasing an additional 66,104 shares during the last quarter. Finally, De Lisle Partners LLP boosted its stake in Tortoise Energy Infrastructure by 42.3% in the 3rd quarter. De Lisle Partners LLP now owns 66,093 shares of the financial services provider’s stock worth $2,593,000 after purchasing an additional 19,644 shares in the last quarter. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Price Performance

Shares of TYG stock opened at $47.13 on Monday. Tortoise Energy Infrastructure Co. has a one year low of $28.01 and a one year high of $47.58. The company’s 50-day moving average is $43.81 and its 200 day moving average is $39.76.

Tortoise Energy Infrastructure Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.365 per share. This represents a dividend yield of 7.4%. The ex-dividend date is Friday, February 21st.

Insider Buying and Selling

In related news, major shareholder Prudential Financial Inc purchased 1,500,000 shares of Tortoise Energy Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $15,000,000.00. Following the completion of the purchase, the insider now directly owns 1,500,000 shares of the company’s stock, valued at $15,000,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 9,211 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $42.46, for a total transaction of $391,099.06. Following the transaction, the insider now owns 1,066,901 shares in the company, valued at approximately $45,300,616.46. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Tortoise Energy Infrastructure Profile

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.