Tortoise Energy Infrastructure Corporation Company Profile (NYSE:TYG)

About Tortoise Energy Infrastructure Corporation (NYSE:TYG)

Tortoise Energy Infrastructure Corporation logoTortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products. Under normal circumstances, the Fund invests at least 90% of its total assets (including assets obtained through leverage) in securities of energy infrastructure companies and at least 70% of its total assets in equity securities of MLPs. The Fund may invest up to 30% of its total assets in restricted securities, primarily through direct placements. The Fund may invest up to 25% of its total assets in debt securities, including those rated below investment grade. Tortoise Capital Advisors, L.L.C. is the investment advisor of the Fund.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Closed End Funds
  • Sub-Industry: N/A
  • Symbol: NYSE:TYG
  • CUSIP: N/A
  • Web: N/A
Average Prices:
  • 50 Day Moving Avg: $28.74
  • 200 Day Moving Avg: $30.79
  • 52 Week Range: $26.93 - $37.11
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -45.06
  • P/E Growth: 0.00
Misc:
  • Average Volume: 163,509 shs.
  • Beta: 1.27
 

Frequently Asked Questions for Tortoise Energy Infrastructure Corporation (NYSE:TYG)

What is Tortoise Energy Infrastructure Corporation's stock symbol?

Tortoise Energy Infrastructure Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "TYG."

How often does Tortoise Energy Infrastructure Corporation pay dividends? What is the dividend yield for Tortoise Energy Infrastructure Corporation?

Tortoise Energy Infrastructure Corporation declared a quarterly dividend on Tuesday, August 8th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.655 per share on Thursday, August 31st. This represents a $2.62 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date of this dividend is Tuesday, August 22nd. View Tortoise Energy Infrastructure Corporation's Dividend History.

Where is Tortoise Energy Infrastructure Corporation's stock going? Where will Tortoise Energy Infrastructure Corporation's stock price be in 2017?

1 brokerages have issued 1 year target prices for Tortoise Energy Infrastructure Corporation's shares. Their predictions range from $34.00 to $34.00. On average, they expect Tortoise Energy Infrastructure Corporation's stock price to reach $34.00 in the next twelve months. View Analyst Ratings for Tortoise Energy Infrastructure Corporation.

Who are some of Tortoise Energy Infrastructure Corporation's key competitors?

Who are Tortoise Energy Infrastructure Corporation's key executives?

Tortoise Energy Infrastructure Corporation's management team includes the folowing people:

  • H. Kevin Birzer, Chairman of the Board
  • Matthew G. P. Sallee, President
  • P. Bradley Adams, Chief Executive Officer
  • Brent W. Behrens, Principal Financial Officer, Treasurer
  • Diane Bono, Chief Compliance Officer, Secretary
  • Shobana Gopal, Vice President
  • Nicholas S. Holmes, Vice President
  • Charles E. Heath, Lead Independent Director
  • Terry C. Matlack, Director
  • Rand C. Berney, Independent Director

How do I buy Tortoise Energy Infrastructure Corporation stock?

Shares of Tortoise Energy Infrastructure Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tortoise Energy Infrastructure Corporation's stock price today?

One share of Tortoise Energy Infrastructure Corporation stock can currently be purchased for approximately $27.94.


MarketBeat Community Rating for Tortoise Energy Infrastructure Corporation (NYSE TYG)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  76 (Vote Outperform)
Underperform Votes:  75 (Vote Underperform)
Total Votes:  151
MarketBeat's community ratings are surveys of what our community members think about Tortoise Energy Infrastructure Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Tortoise Energy Infrastructure Corporation (NYSE:TYG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $34.00 (21.69% upside)
Consensus Price Target History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Price Target History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Analysts' Ratings History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/28/2017Stifel NicolausUpgradeHold -> Buy$35.00 -> $34.00MediumView Rating Details
2/17/2016Bank of America CorporationDowngradeBuy -> NeutralN/AView Rating Details
(Data available from 10/17/2015 forward)

Earnings

Earnings History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Current Year EPS Consensus Estimate: $2.50 EPS
Next Year EPS Consensus Estimate: $-0.62 EPS

Dividends

Current Dividend Information for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Most Recent Dividend:8/31/2017
Annual Dividend:$2.62
Dividend Yield:9.38%
Dividend Growth:4.70% (3 Year Average)
Payout Ratio:104.80% (Based on This Year's Estimates)
-422.58% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Tortoise Energy Infrastructure Corporation (NYSE:TYG)

Dividend History by Quarter for Tortoise Energy Infrastructure Corporation (NYSE TYG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/8/2017quarterly$0.669.03%8/22/20178/24/20178/31/2017
5/10/2017quarterly$0.667.63%5/22/20175/24/20175/31/2017
2/13/2017quarterly$0.667.4%2/16/20172/21/20172/28/2017
11/8/2016quarterly$0.669.09%11/21/201611/23/201611/30/2016
8/9/2016quarterly$0.668.28%8/22/20168/24/20168/31/2016
5/11/2016quarterly$0.669.08%5/20/20165/24/20165/31/2016
2/10/2016quarterly$0.6613.02%2/18/20162/22/20162/29/2016
11/10/2015quarterly$0.669.01%11/19/201511/23/201511/30/2015
8/14/2015quarterly$0.657.39%8/20/20158/24/20158/31/2015
5/12/2015quarterly$0.655.99%5/20/20155/22/20155/29/2015
2/10/2015quarterly$0.645.78%2/18/20152/20/20152/27/2015
11/11/2014quarterly$0.625.22%11/19/201411/21/201411/28/2014
8/11/2014quarterly$0.615.15%8/20/20148/22/20148/29/2014
5/13/2014quarterly$0.584.73%5/20/20145/22/20145/30/2014
2/11/2014quarterly$0.585.28%2/19/20142/21/20142/28/2014
11/12/2013quarterly$0.584.94%11/20/201311/22/201311/29/2013
8/9/2013quarterly$0.575.1%8/21/20138/23/20139/3/2013
5/7/2013quarterly$0.575.08%5/21/20135/23/20136/3/2013
2/12/2013quarterly$0.575.21%2/19/20132/21/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Insider Ownership Percentage: 0.33%
Institutional Ownership Percentage: 30.45%
Insider Trades by Quarter for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Institutional Ownership by Quarter for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Insider Trades by Quarter for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/25/2017Prudential Financial IncMajor ShareholderBuy25,000,000$11,560,000.00$289,000,000,000,000.00View SEC Filing  
7/10/2017H Kevin BirzerInsiderBuy100$29.73$2,973.00View SEC Filing  
4/12/2017H Kevin BirzerInsiderBuy100$35.06$3,506.00View SEC Filing  
1/5/2017H Kevin BirzerInsiderBuy100$31.57$3,157.00View SEC Filing  
12/14/2016Matthew SalleeInsiderBuy400$30.25$12,100.00View SEC Filing  
10/5/2016H Kevin BirzerInsiderBuy100$29.96$2,996.00View SEC Filing  
7/5/2016H Kevin BirzerInsiderBuy100$30.01$3,001.00View SEC Filing  
4/4/2016H Kevin BirzerInsiderBuy100$23.75$2,375.00View SEC Filing  
3/7/2016Nicholas Scott HolmesVPBuy750$26.60$19,950.00View SEC Filing  
12/17/2015Conrad S CiccotelloDirectorBuy100$23.34$2,334.00View SEC Filing  
12/10/2015Matthew SalleePresidentBuy100$24.14$2,414.00View SEC Filing  
12/10/2015Rand C BerneyDirectorBuy1,054$24.25$25,559.50View SEC Filing  
12/3/2015Terry MatlackDirectorBuy2,000$25.15$50,300.00View SEC Filing  
12/2/2015Matthew SalleePresidentBuy400$25.42$10,168.00View SEC Filing  
9/28/2015H Kevin BirzerDirectorBuy100$29.51$2,951.00View SEC Filing  
8/25/2015Terry MatlackDirectorBuy1,500$32.40$48,600.00View SEC Filing  
2/27/2015Terry MatlackCEOBuy1,200$43.75$52,500.00View SEC Filing  
1/27/2015H Kevin BirzerDirectorBuy100$43.49$4,349.00View SEC Filing  
12/17/2014Mutual Life Insu MassachusettsMajor ShareholderBuy2,000,000$10.00$20,000,000.00View SEC Filing  
10/9/2014Holding Ltd AtheneMajor ShareholderBuy760,000$10.00$7,600,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Latest Headlines for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Source:
DateHeadline
seekingalpha.com logoInfrastructure And Energy Outlook: Reflecting On Harvey And Puerto Rico
seekingalpha.com - October 14 at 8:58 AM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Sept. 30, 2017
finance.yahoo.com - October 3 at 2:01 PM
americanbankingnews.com logoFinancial Survey: Tortoise Energy Infrastructure Corporation (TYG) versus StoneCastle Financial Corp (BANX)
www.americanbankingnews.com - October 2 at 8:14 PM
americanbankingnews.com logoTortoise Energy Infrastructure Corporation (TYG) Major Shareholder Prudential Financial Inc Buys 25,000,000 Shares
www.americanbankingnews.com - September 26 at 4:22 PM
finance.yahoo.com logoTortoise Capital Advisors Announces Acquisition of Solar Assets
finance.yahoo.com - September 15 at 10:30 AM
reuters.com logoBRIEF-Tortoise Energy Infrastructure Corp. Provides unaudited balance sheet ...
www.reuters.com - September 3 at 7:43 AM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Aug. 31, 2017
finance.yahoo.com - September 2 at 9:53 AM
americanbankingnews.com logoTortoise Energy Infrastructure Corporation (TYG) Declares Quarterly Dividend of $0.66
www.americanbankingnews.com - August 8 at 5:46 PM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of July 31, 2017
finance.yahoo.com - August 2 at 8:12 AM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of June 30, 2017
finance.yahoo.com - July 4 at 8:20 AM
americanbankingnews.com logoTortoise Energy Infrastructure Corporation (TYG) Stock Rating Upgraded by Stifel Nicolaus
www.americanbankingnews.com - July 2 at 8:08 PM
thestreet.com logoRSI Alert: Tortoise Energy Infrastructure Fund Now Oversold
www.thestreet.com - May 31 at 11:36 PM
nasdaq.com logoTortoise Energy Infrastructure Corporation (TYG)...
www.nasdaq.com - May 21 at 8:00 AM
seekingalpha.com logoHeadwinds In Energy
seekingalpha.com - May 13 at 2:12 AM
seekingalpha.com logoHow To Boost Returns Without Magic
seekingalpha.com - April 25 at 9:04 AM
forbes.com logoFive Infrastructure 'Sure Things' That Pay 6%+
www.forbes.com - April 7 at 6:15 PM
reuters.com logoBRIEF-Tortoise Power And Energy Infrastructure Fund provides unaudited balance sheet information
www.reuters.com - April 3 at 8:14 PM
seekingalpha.com logoReviewing CEFs That Focus On MLPs: Avoiding The Dreaded K-1
seekingalpha.com - February 16 at 8:23 PM
seekingalpha.com logoReviewing CEFs That Focus On MLPs: Avoiding The Dreaded K-1
seekingalpha.com - February 16 at 8:23 PM
reuters.com logoBRIEF-Tortoise Energy Infrastructure unaudited NAV $28.83 per share as of Nov. 30
www.reuters.com - December 1 at 8:26 PM
businesswire.com logoFitch Affirms Notes & MRPS Issued by Three Tortoise Closed-End Funds - Business Wire (press release)
www.businesswire.com - December 1 at 8:20 AM
seekingalpha.com logoThis Tortoise Fund Is Racing Ahead Of Its NAV
seekingalpha.com - November 25 at 7:50 PM
seekingalpha.com logoThis Tortoise Fund Is Racing Ahead Of Its NAV - Seeking Alpha
seekingalpha.com - November 25 at 6:45 AM
seekingalpha.com logoTortoise Energy Infrastructure declares $0.655 dividend
seekingalpha.com - November 22 at 8:13 PM
businesswire.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update ... - Business Wire (press release)
www.businesswire.com - October 4 at 8:08 AM
blogs.barrons.com logoNo OPEC Oil Freeze Likely, MLP Investor Says - Barron's (blog)
blogs.barrons.com - September 28 at 8:45 AM
blogs.barrons.com logoNo Algiers OPEC Oil Freeze Likely, MLP Investor Says
blogs.barrons.com - September 26 at 7:53 PM
benzinga.com logoTortoise Energy Infrastructure Corp. Provides...
www.benzinga.com - August 2 at 8:52 AM
thestreet.com logo4 Closed-End Funds Trading at a Discount
www.thestreet.com - April 22 at 11:16 AM

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Chart

Tortoise Energy Infrastructure Corporation (TYG) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by MarketBeat.com Staff

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