Tortoise Energy Infrastructure Co. (NYSE:TYG) Position Lessened by PSI Advisors LLC

PSI Advisors LLC trimmed its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 14.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,425 shares of the financial services provider’s stock after selling 736 shares during the period. PSI Advisors LLC’s holdings in Tortoise Energy Infrastructure were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. 180 Wealth Advisors LLC increased its position in Tortoise Energy Infrastructure by 0.6% during the first quarter. 180 Wealth Advisors LLC now owns 54,347 shares of the financial services provider’s stock worth $1,680,000 after buying an additional 348 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in Tortoise Energy Infrastructure by 27.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider’s stock worth $102,000 after buying an additional 640 shares during the last quarter. Carmichael Hill & Associates Inc. increased its position in Tortoise Energy Infrastructure by 9.4% during the second quarter. Carmichael Hill & Associates Inc. now owns 7,931 shares of the financial services provider’s stock worth $277,000 after buying an additional 682 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Tortoise Energy Infrastructure by 7.5% during the first quarter. Oppenheimer & Co. Inc. now owns 21,388 shares of the financial services provider’s stock worth $661,000 after buying an additional 1,492 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Tortoise Energy Infrastructure during the third quarter worth $82,000. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Price Performance

Tortoise Energy Infrastructure stock opened at $40.26 on Thursday. The company’s fifty day moving average price is $38.20 and its two-hundred day moving average price is $35.17. Tortoise Energy Infrastructure Co. has a one year low of $27.25 and a one year high of $41.46.

Tortoise Energy Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a $0.78 dividend. This is an increase from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a dividend yield of 7.75%. The ex-dividend date was Friday, August 23rd.

About Tortoise Energy Infrastructure

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.