Tortoise 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
- Symbol: NYSE:TYG
- CUSIP: N/A
- Web: N/A
Average Prices:- 50 Day Moving Avg: $32.23
- 200 Day Moving Avg: $32.78
- 52 Week Range: $27.40 - $37.11
P/E:- Trailing P/E Ratio: N/A
- P/E Growth: 4.52
Dividend:- Annual Dividend: $3.28
- Dividend Yield: 11.7%
Misc:- Average Volume: 147,517 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 announced a quarterly dividend on Wednesday, May 10th. Stockholders of record on Wednesday, May 24th will be paid a dividend of $0.655 per share on Wednesday, May 31st. This represents a $2.62 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date is Monday, May 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 12 month price targets for Tortoise Energy Infrastructure Corporation's shares. Their predictions range from $35.00 to $35.00. On average, they expect Tortoise Energy Infrastructure Corporation's share price to reach $35.00 in the next year. View Analyst Ratings for Tortoise Energy Infrastructure Corporation.
Who are some of Tortoise Energy Infrastructure Corporation's key competitors?
Some companies that are related to Tortoise Energy Infrastructure Corporation include BancorpSouth (BXS), Columbia Property Trust (CXP), First Financial Bankshares (FFIN), RLJ Lodging Trust (RLJ), First Midwest Bancorp (FMBI), Community Bank System (CBU), Hilltop Holdings (HTH), Urban Edge Properties (UE), Hope Bancorp (HOPE), South State Corporation (SSB), Mack-Cali Realty Corporation (CLI), QTS Realty Trust (QTS), Interactive Brokers Group (IBKR), Tanger Factory Outlet Centers (SKT), RLI Corp. (RLI), Stag Industrial (STAG), Washington Real Estate Investment Trust (WRE) and Lexington Realty Trust (LXP).
Who are Tortoise Energy Infrastructure Corporation's key executives?
Tortoise Energy Infrastructure Corporation's management team includes the folowing people:
- H. Kevin Birzer, Independent Chairman of the Board
- Zachary A. Hamel, President
- Terry C. Matlack, Chief Executive Officer, Director
- P. Bradley Adams, Chief Financial Officer
- Kenneth P. Malvey, Senior Vice President, Treasurer
- David J. Schulte CPA, Senior Vice President
- Charles E. Heath, Lead Independent Director
- Rand C. Berney, Independent Director
- Conrad S. Ciccotello, Independent Director
- Alexandra A. Herger, Independent Director
Who owns Tortoise Energy Infrastructure Corporation stock?
Tortoise Energy Infrastructure Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bank of America Corp DE (0.00%), Morgan Stanley (3.31%), Uniplan Investment Counsel Inc. (1.74%), Sit Investment Associates Inc. (0.00%), Wells Fargo & Company MN (0.00%) and UMB Bank N A MO (0.00%). Company insiders that own Tortoise Energy Infrastructure Corporation stock include Conrad S Ciccotello, H Kevin Birzer, Matthew Sallee, Nicholas Scott Holmes, Rand C Berney and Terry Matlack. View Institutional Ownership Trends for Tortoise Energy Infrastructure Corporation.
Who sold Tortoise Energy Infrastructure Corporation stock? Who is selling Tortoise Energy Infrastructure Corporation stock?
Tortoise Energy Infrastructure Corporation's stock was sold by a variety of institutional investors in the last quarter, including RiverPoint Capital Management LLC, Bank of America Corp DE, Fiduciary Trust Co., Uniplan Investment Counsel Inc., Advisors Asset Management Inc., Creative Planning, Oppenheimer & Co. Inc. and Whitnell & Co.. View Insider Buying and Selling for Tortoise Energy Infrastructure Corporation.
Who bought Tortoise Energy Infrastructure Corporation stock? Who is buying Tortoise Energy Infrastructure Corporation stock?
Tortoise Energy Infrastructure Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Sit Investment Associates Inc., UMB Bank N A MO, Parkside Investments LLC, Allen Investment Management LLC, BB&T Securities LLC, Pathstone Family Office LLC and Paragon Capital Management LLC. Company insiders that have bought Tortoise Energy Infrastructure Corporation stock in the last two years include Conrad S Ciccotello, H Kevin Birzer, Matthew Sallee, Nicholas Scott Holmes, Rand C Berney and Terry Matlack. View Insider Buying and Selling for Tortoise Energy Infrastructure Corporation.
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 $27.65.
MarketBeat Community Rating for Tortoise Energy Infrastructure Corporation (NYSE TYG)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.
Consensus Ratings for Tortoise Energy Infrastructure Corporation (NYSE:TYG) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | $35.00 (26.58% upside) |
Analysts' Ratings History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 3/8/2017 | Stifel Nicolaus | Downgrade | Buy -> Hold | $35.00 | High |  |
| 2/17/2016 | Bank of America Corporation | Downgrade | Buy -> Neutral | | N/A | |
(Data available from 6/22/2015 forward)
Earnings History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Tortoise Energy Infrastructure Corporation (NYSE:TYG)No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Tortoise Energy Infrastructure Corporation (NYSE:TYG)| Most Recent Dividend: | 5/31/2017 |
| Annual Dividend: | $3.28 |
| Dividend Yield: | 11.86% |
| Dividend Growth: | 4.70% (3 Year Average) |
| Payout Ratio: | |
Dividend History by Quarter for Tortoise Energy Infrastructure Corporation (NYSE TYG)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/10/2017 | quarterly | $0.66 | 7.63% | 5/22/2017 | 5/24/2017 | 5/31/2017 |
| 2/13/2017 | quarterly | $0.66 | 7.4% | 2/16/2017 | 2/21/2017 | 2/28/2017 |
| 11/8/2016 | quarterly | $0.66 | 9.09% | 11/21/2016 | 11/23/2016 | 11/30/2016 |
| 8/9/2016 | quarterly | $0.66 | 8.28% | 8/22/2016 | 8/24/2016 | 8/31/2016 |
| 5/11/2016 | quarterly | $0.66 | 9.08% | 5/20/2016 | 5/24/2016 | 5/31/2016 |
| 2/10/2016 | quarterly | $0.66 | 13.02% | 2/18/2016 | 2/22/2016 | 2/29/2016 |
| 11/10/2015 | quarterly | $0.66 | 9.01% | 11/19/2015 | 11/23/2015 | 11/30/2015 |
| 8/14/2015 | quarterly | $0.65 | 7.39% | 8/20/2015 | 8/24/2015 | 8/31/2015 |
| 5/12/2015 | quarterly | $0.65 | 5.99% | 5/20/2015 | 5/22/2015 | 5/29/2015 |
| 2/10/2015 | quarterly | $0.64 | 5.78% | 2/18/2015 | 2/20/2015 | 2/27/2015 |
| 11/11/2014 | quarterly | $0.62 | 5.22% | 11/19/2014 | 11/21/2014 | 11/28/2014 |
| 8/11/2014 | quarterly | $0.61 | 5.15% | 8/20/2014 | 8/22/2014 | 8/29/2014 |
| 5/13/2014 | quarterly | $0.58 | 4.73% | 5/20/2014 | 5/22/2014 | 5/30/2014 |
| 2/11/2014 | quarterly | $0.58 | 5.28% | 2/19/2014 | 2/21/2014 | 2/28/2014 |
| 11/12/2013 | quarterly | $0.58 | 4.94% | 11/20/2013 | 11/22/2013 | 11/29/2013 |
| 8/9/2013 | quarterly | $0.57 | 5.1% | 8/21/2013 | 8/23/2013 | 9/3/2013 |
| 5/7/2013 | quarterly | $0.57 | 5.08% | 5/21/2013 | 5/23/2013 | 6/3/2013 |
| 2/12/2013 | quarterly | $0.57 | 5.21% | 2/19/2013 | 2/21/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)Insider Ownership Percentage: 0.33%
Institutional Ownership Percentage: 34.06%
Insider Trades by Quarter for Tortoise Energy Infrastructure Corporation (NYSE:TYG)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 4/12/2017 | H Kevin Birzer | Insider | Buy | 100 | $35.06 | $3,506.00 | |
| 1/5/2017 | H Kevin Birzer | Insider | Buy | 100 | $31.57 | $3,157.00 | |
| 12/14/2016 | Matthew Sallee | Insider | Buy | 400 | $30.25 | $12,100.00 | |
| 10/5/2016 | H Kevin Birzer | Insider | Buy | 100 | $29.96 | $2,996.00 | |
| 7/5/2016 | H Kevin Birzer | Insider | Buy | 100 | $30.01 | $3,001.00 | |
| 4/4/2016 | H Kevin Birzer | Insider | Buy | 100 | $23.75 | $2,375.00 | |
| 3/7/2016 | Nicholas Scott Holmes | VP | Buy | 750 | $26.60 | $19,950.00 | |
| 12/17/2015 | Conrad S Ciccotello | Director | Buy | 100 | $23.34 | $2,334.00 | |
| 12/10/2015 | Matthew Sallee | President | Buy | 100 | $24.14 | $2,414.00 | |
| 12/10/2015 | Rand C Berney | Director | Buy | 1,054 | $24.25 | $25,559.50 | |
| 12/3/2015 | Terry Matlack | Director | Buy | 2,000 | $25.15 | $50,300.00 | |
| 12/2/2015 | Matthew Sallee | President | Buy | 400 | $25.42 | $10,168.00 | |
| 9/28/2015 | H Kevin Birzer | Director | Buy | 100 | $29.51 | $2,951.00 | |
| 8/25/2015 | Terry Matlack | Director | Buy | 1,500 | $32.40 | $48,600.00 | |
| 2/27/2015 | Terry Matlack | CEO | Buy | 1,200 | $43.75 | $52,500.00 | |
| 1/27/2015 | H Kevin Birzer | Director | Buy | 100 | $43.49 | $4,349.00 | |
| 12/17/2014 | Mutual Life Insu Massachusetts | Major Shareholder | Buy | 2,000,000 | $10.00 | $20,000,000.00 | |
| 10/9/2014 | Holding Ltd Athene | Major Shareholder | Buy | 760,000 | $10.00 | $7,600,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Latest Headlines for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
| Source: |
|
| Date | Headline |
|---|
 | Tortoise Energy Infrastructure Corporation (TYG) and Capitala Finance Corp. (CPTA) Critical Contrast
www.americanbankingnews.com - June 18 at 6:02 PM |
| Financial Review: Medley Capital Corp (MCC) versus Tortoise Energy Infrastructure Corp. (TYG)
www.americanbankingnews.com - June 10 at 7:38 AM |
 | Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of May 31, 2017
finance.yahoo.com - June 2 at 2:42 AM |
 | RSI Alert: Tortoise Energy Infrastructure Fund Now Oversold
www.thestreet.com - May 31 at 11:36 PM |
 | Tortoise Energy Infrastructure Corporation (TYG)...
www.nasdaq.com - May 21 at 8:00 AM |
 | Headwinds In Energy
seekingalpha.com - May 13 at 2:12 AM |
| Tortoise Energy Infrastructure Corp. (TYG) Announces $0.66 Quarterly Dividend
www.americanbankingnews.com - May 10 at 5:56 PM |
| Tortoise Energy Infrastructure Corp. (TYG) Receives Media Sentiment Rating of 0.17
www.americanbankingnews.com - May 4 at 5:43 PM |
| Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of April 30, 2017
finance.yahoo.com - May 1 at 7:33 PM |
| Tortoise Energy Infrastructure Corp. (TYG) Receives News Sentiment Score of 0.29
www.americanbankingnews.com - April 30 at 12:26 PM |
| Tortoise Energy Infrastructure Corp. (TYG) Given News Sentiment Score of 0.27
www.americanbankingnews.com - April 25 at 4:32 PM |
| How To Boost Returns Without Magic
seekingalpha.com - April 25 at 9:04 AM |
| Tortoise Energy Infrastructure Corp. (TYG) Given Daily News Impact Rating of 0.41
www.americanbankingnews.com - April 15 at 1:47 PM |
 | Five Infrastructure 'Sure Things' That Pay 6%+
www.forbes.com - April 7 at 6:15 PM |
 | BRIEF-Tortoise Power And Energy Infrastructure Fund provides unaudited balance sheet information
www.reuters.com - April 3 at 8:14 PM |
| Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of March 31, 2017
finance.yahoo.com - April 3 at 8:14 PM |
| Tortoise 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 |
| Reviewing CEFs That Focus On MLPs: Avoiding The Dreaded K-1
seekingalpha.com - February 16 at 8:23 PM |
| Reviewing CEFs That Focus On MLPs: Avoiding The Dreaded K-1
seekingalpha.com - February 16 at 8:23 PM |
| Tortoise 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 |
| Tortoise 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 |
| TORTOISE ENERGY INFRASTRUCTURE CORP Financials
finance.yahoo.com - December 22 at 5:39 AM |
| BRIEF-Tortoise Energy Infrastructure unaudited NAV $28.83 per share as of Nov. 30
www.reuters.com - December 1 at 8:26 PM |
| Tortoise 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 |
 | Fitch Affirms Notes & MRPS Issued by Three Tortoise Closed-End Funds - Business Wire (press release)
www.businesswire.com - December 1 at 8:20 AM |
| This Tortoise Fund Is Racing Ahead Of Its NAV
seekingalpha.com - November 25 at 7:50 PM |
| This Tortoise Fund Is Racing Ahead Of Its NAV - Seeking Alpha
seekingalpha.com - November 25 at 6:45 AM |
| Tortoise Energy Infrastructure declares $0.655 dividend
seekingalpha.com - November 22 at 8:13 PM |
| Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage …
finance.yahoo.com - November 2 at 11:50 AM |
| Tortoise 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 |
| Tortoise 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 |
 | No OPEC Oil Freeze Likely, MLP Investor Says - Barron's (blog)
blogs.barrons.com - September 28 at 8:45 AM |
| No Algiers OPEC Oil Freeze Likely, MLP Investor Says
blogs.barrons.com - September 26 at 7:53 PM |
| Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet ...
finance.yahoo.com - September 2 at 9:40 AM |
 | Tortoise Energy Infrastructure Corp. Provides...
www.benzinga.com - August 2 at 8:52 AM |
| Tortoise 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 |
| Tortoise 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 |
| Tortoise 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 |
| Tortoise 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 |
| 4 Closed-End Funds Trading at a Discount
www.thestreet.com - April 22 at 11:16 AM |
| Tortoise 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 |
| Tortoise 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 |
| Tortoise Energy Infrastructure Corp. Announces Intention to Redeem Series B Mandatory Redeemable Preferred Shares
finance.yahoo.com - February 12 at 4:47 PM |
| Tortoise Energy Infrastructure Corp. Announces Upcoming Distribution
finance.yahoo.com - February 9 at 4:55 PM |
Tortoise Energy Infrastructure Corporation (TYG) Chart for Thursday, June, 22, 2017
