Wells Fargo & Company MN Increases Stock Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Wells Fargo & Company MN increased its position in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 1,713.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,159 shares of the financial services provider's stock after buying an additional 209,910 shares during the quarter. Wells Fargo & Company MN owned 2.06% of Tortoise Energy Infrastructure worth $9,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $25,000. Noble Wealth Management PBC bought a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $30,000. Hartford Financial Management Inc. boosted its stake in shares of Tortoise Energy Infrastructure by 37.5% during the fourth quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 219 shares during the period. Principal Securities Inc. bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth approximately $46,000. Finally, Eastern Bank purchased a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth $124,000. Hedge funds and other institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Up 2.6 %

NYSE:TYG traded up $0.98 during midday trading on Tuesday, reaching $38.85. 63,646 shares of the stock traded hands, compared to its average volume of 60,066. Tortoise Energy Infrastructure Co. has a 12 month low of $30.73 and a 12 month high of $48.76. The company has a fifty day moving average of $41.75 and a 200 day moving average of $42.77.

Tortoise Energy Infrastructure Announces Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.365 per share. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 10%.

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.