Tortoise Energy Infrastructure (TYG) Stock Forecast, Price & News

Tortoise Energy Infrastructure's stock was trading at $31.77 at the beginning of 2023. Since then, TYG shares have decreased by 11.4% and is now trading at $28.16.
View the best growth stocks for 2023 here.

Tortoise Energy Infrastructure saw a decrease in short interest in May. As of May 15th, there was short interest totaling 3,400 shares, a decrease of 67.6% from the April 30th total of 10,500 shares. Based on an average trading volume of 39,200 shares, the days-to-cover ratio is presently 0.1 days.
View Tortoise Energy Infrastructure's Short Interest.

Tortoise Energy Infrastructure declared a quarterly dividend on Tuesday, May 9th. Investors of record on Wednesday, May 24th will be given a dividend of $0.71 per share on Wednesday, May 31st. This represents a $2.84 dividend on an annualized basis and a yield of 10.09%. The ex-dividend date is Tuesday, May 23rd.
Read our dividend analysis for TYG.

Saba Closed-End Funds ETF holds 2,624 shares of TYG stock, representing 0.16% of its portfolio.

Tortoise Energy Infrastructure (NYSE:TYG) pays an annual dividend of $2.84 per share and currently has a dividend yield of 10.12%. TYG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for TYG.

Tortoise Energy Infrastructure shares reverse split before market open on Friday, May 1st 2020. The 1-4 reverse split was announced on Monday, April 20th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, April 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tortoise Energy Infrastructure investors own include Energy Transfer (ET), Kayne Anderson Energy Infrastructure Fund (KYN), Pfizer (PFE), Exxon Mobil (XOM), Intel (INTC), Enterprise Products Partners (EPD), Tortoise Midstream Energy Fund (NTG), AT&T (T), Valero Energy (VLO) and AbbVie (ABBV).

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

Tortoise Energy Infrastructure's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (6.24%), Medina Value Partners LLC (1.66%), Advisors Asset Management Inc. (1.44%), Atlas Wealth LLC (1.34%), Arete Wealth Advisors LLC (1.16%) and Arete Wealth Advisors LLC (1.16%). Insiders that own company stock include Brian Alan Kessens, Conrad S Ciccotello, H Kevin Birzer, Jennifer Paquette, Nicholas Scott Holmes, Prudential Financial Inc and Rand C Berney.
View institutional ownership trends.

Shares of TYG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TYG stock can currently be purchased for approximately $28.16.

Tortoise Energy Infrastructure (NYSE:TYG) has a market capitalization of $319.05 million.

The official website for the company is www.tortoiseadvisors.com. The financial services provider can be reached via phone at (913) 981-1020.