Zimmer Partners LP Increases Stock Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Zimmer Partners LP increased its stake in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,918 shares of the financial services provider's stock after purchasing an additional 23,460 shares during the period. Zimmer Partners LP owned approximately 0.78% of Tortoise Energy Infrastructure worth $3,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hartford Financial Management Inc. increased its holdings in shares of Tortoise Energy Infrastructure by 37.5% in the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider's stock worth $34,000 after buying an additional 219 shares during the last quarter. Comerica Bank lifted its holdings in shares of Tortoise Energy Infrastructure by 95.0% during the 4th quarter. Comerica Bank now owns 942 shares of the financial services provider's stock worth $40,000 after acquiring an additional 459 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Tortoise Energy Infrastructure in the fourth quarter worth $25,000. Jaffetilchin Investment Partners LLC increased its stake in Tortoise Energy Infrastructure by 13.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 5,239 shares of the financial services provider's stock valued at $220,000 after acquiring an additional 613 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new position in Tortoise Energy Infrastructure in the fourth quarter valued at $30,000. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Trading Down 0.5%

TYG stock traded down $0.19 during mid-day trading on Monday, hitting $40.27. 57,157 shares of the stock were exchanged, compared to its average volume of 61,100. The business has a fifty day moving average price of $40.26 and a 200 day moving average price of $42.71. Tortoise Energy Infrastructure Co. has a 12 month low of $32.50 and a 12 month high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 22nd will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $4.38 dividend on an annualized basis and a dividend yield of 10.88%.

Tortoise Energy Infrastructure Company 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.