Tortoise Energy Infrastructure Corp. Company Profile (NYSE:TYG)

About Tortoise Energy Infrastructure Corp. (TYG)

Tortoise Energy Infrastructure Corp. 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 Fund - Equity
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: TYG
  • CUSIP: N/A
Key Metrics:
  • Previous Close: $32.93
  • 50 Day Moving Average: $33.8509
  • 200 Day Moving Average: $31.4820
  • 52-Week Range: $23.29 - $37.11
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.51
  • P/E Growth: 5.2200
  • Market Cap: $N/A
  • Beta: 1.25

Analyst Ratings

Consensus Ratings for Tortoise Energy Infrastructure Corp. (NYSE:TYG) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $35.00 (3.21% upside)

Analysts' Ratings History for Tortoise Energy Infrastructure Corp. (NYSE:TYG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/8/2017Stifel NicolausDowngradeBuy -> Hold$35.00HighView Rating Details
2/17/2016Bank of America CorpDowngradeBuy -> NeutralN/AView Rating Details
(Data available from 3/29/2015 forward)

Earnings

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

Estimates

Earnings Estimates for Tortoise Energy Infrastructure Corp. (NYSE:TYG)
Current Year EPS Consensus Estimate: $2.50 EPS
Next Year EPS Consensus Estimate: $2.71 EPS

Dividends

Current Dividend Information for Tortoise Energy Infrastructure Corp. (NYSE:TYG)
Most Recent Dividend:2/28/2017
Annual Dividend:$3.28
Dividend Yield:9.67%
Dividend Growth:4.70% (3 Year Average)
Payout Ratio:131.20% (Based on This Year's Estimates)
121.03% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Tortoise Energy Infrastructure Corp. (NYSE:TYG)

Dividend History by Quarter for Tortoise Energy Infrastructure Corp. (NYSE:TYG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 Corp. (NYSE:TYG)
Insider Ownership Percentage: 0.32%
Institutional Ownership Percentage: 29.57%
Insider Trades by Quarter for Tortoise Energy Infrastructure Corp. (NYSE:TYG)
Institutional Ownership by Quarter for Tortoise Energy Infrastructure Corp. (NYSE:TYG)
Insider Trades by Quarter for Tortoise Energy Infrastructure Corp. (NYSE:TYG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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 Corp. (NYSE:TYG)
Latest Headlines for Tortoise Energy Infrastructure Corp. (NYSE:TYG)
Source:
DateHeadline
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Feb. 28, 2017
finance.yahoo.com - March 2 at 12:42 AM
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
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Jan. 31, 2017
finance.yahoo.com - February 2 at 6:17 AM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2016
finance.yahoo.com - January 4 at 7:23 AM
finance.yahoo.com logoTORTOISE ENERGY INFRASTRUCTURE CORP Financials
finance.yahoo.com - December 22 at 5:39 AM
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
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2016
finance.yahoo.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
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage …
finance.yahoo.com - November 2 at 11:50 AM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Oct. 31, 2016
finance.yahoo.com - November 1 at 8:16 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
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet ...
finance.yahoo.com - September 2 at 9:40 AM
benzinga.com logoTortoise Energy Infrastructure Corp. Provides...
www.benzinga.com - August 2 at 8:52 AM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of July 31, 2016
finance.yahoo.com - August 1 at 7:46 PM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of June 30, 2016
finance.yahoo.com - July 1 at 4:44 PM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of May 31, 2016
finance.yahoo.com - June 1 at 6:19 PM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of April 30, 2016
finance.yahoo.com - May 2 at 5:48 PM
thestreet.com logo4 Closed-End Funds Trading at a Discount
www.thestreet.com - April 22 at 11:16 AM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of March 31, 2016
finance.yahoo.com - April 1 at 6:10 PM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Feb. 29, 2016
finance.yahoo.com - March 1 at 5:41 PM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Announces Intention to Redeem Series B Mandatory Redeemable Preferred Shares
finance.yahoo.com - February 12 at 4:47 PM
finance.yahoo.com logoTortoise Energy Infrastructure Corp. Announces Upcoming Distribution
finance.yahoo.com - February 9 at 4:55 PM

Social

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

What is Tortoise Energy Infrastructure Corp.'s stock symbol?

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

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

Tortoise Energy Infrastructure Corp. announced a quarterly dividend on Monday, February 13th. Stockholders of record on Tuesday, February 21st will be given a dividend of $0.655 per share on Tuesday, February 28th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date is Thursday, February 16th.

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

1 equities research analysts have issued 1 year price targets for Tortoise Energy Infrastructure Corp.'s stock. Their predictions range from $35.00 to $35.00. On average, they anticipate Tortoise Energy Infrastructure Corp.'s share price to reach $35.00 in the next year.

Who owns Tortoise Energy Infrastructure Corp. stock?

Tortoise Energy Infrastructure Corp.'s stock is owned by a number of of institutional and retail investors. Top institutional investors include The Guardian Life Insurance Company of America (12.73%), Cedar Hill Associates LLC (1.11%), Guggenheim Capital LLC (0.00%), Ladenburg Thalmann Financial Services Inc. (0.00%), Horizon Kinetics LLC (0.00%) and Raymond James Financial Services Advisors Inc. (0.31%). Company insiders that own Tortoise Energy Infrastructure Corp. stock include Conrad S Ciccotello, H Kevin Birzer, Matthew Sallee, Nicholas Scott Holmes, Rand C Berney and Terry Matlack.

Who sold Tortoise Energy Infrastructure Corp. stock? Who is selling Tortoise Energy Infrastructure Corp. stock?

Tortoise Energy Infrastructure Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Cedar Hill Associates LLC, Guggenheim Capital LLC, Horizon Kinetics LLC, Ladenburg Thalmann Financial Services Inc., Hunter Associates Investment Management LLC and Baird Financial Group Inc..

Who bought Tortoise Energy Infrastructure Corp. stock? Who is buying Tortoise Energy Infrastructure Corp. stock?

Tortoise Energy Infrastructure Corp.'s stock was purchased by a variety of institutional investors in the last quarter, including Cutter & CO Brokerage Inc., WFG Advisors LP, Fiduciary Financial Services of The Southwest Inc. TX, Aveo Capital Partners LLC, Raymond James Financial Services Advisors Inc., B & T Capital Management DBA Alpha Capital Management, Envestnet Asset Management Inc. and Private Advisor Group LLC. Company insiders that have bought Tortoise Energy Infrastructure Corp. stock in the last two years include Conrad S Ciccotello, H Kevin Birzer, Matthew Sallee, Nicholas Scott Holmes, Rand C Berney and Terry Matlack.

How do I buy Tortoise Energy Infrastructure Corp. stock?

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

How much does a share of Tortoise Energy Infrastructure Corp. stock cost?

One share of Tortoise Energy Infrastructure Corp. stock can currently be purchased for approximately $33.91.

Tortoise Energy Infrastructure Corp. (TYG) Chart for Wednesday, March, 29, 2017

This page was last updated on 3/29/2017 by MarketBeat.com Staff