Bard Associates Inc. Purchases New Stake in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Bard Associates Inc. acquired a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,066 shares of the financial services provider’s stock, valued at approximately $356,000. Bard Associates Inc. owned about 0.08% of Tortoise Energy Infrastructure at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC grew its position in shares of Tortoise Energy Infrastructure by 27.9% during the 2nd 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 period. Carmichael Hill & Associates Inc. grew its holdings 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 valued at $277,000 after purchasing an additional 682 shares during the period. Eagle Bluffs Wealth Management LLC increased its stake in 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 valued at $4,157,000 after purchasing an additional 865 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Tortoise Energy Infrastructure by 7.9% in the third quarter. Janney Montgomery Scott LLC now owns 22,708 shares of the financial services provider’s stock worth $891,000 after purchasing an additional 1,660 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Tortoise Energy Infrastructure during the third quarter worth $82,000. 32.50% of the stock is currently owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Performance

TYG opened at $42.83 on Friday. The company has a fifty day simple moving average of $39.94 and a 200 day simple moving average of $36.35. Tortoise Energy Infrastructure Co. has a 12 month low of $27.44 and a 12 month high of $43.90.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend is Friday, November 22nd.

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.