About Tortoise Energy Infrastructure Corporation (NYSE:TYG)
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 Funds
- Sub-Industry: N/A
- Symbol: NYSE:TYG
- CUSIP: N/A
- Web: N/A
- 50 Day Moving Avg: $28.74
- 200 Day Moving Avg: $30.79
- 52 Week Range: $26.93 - $37.11
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -45.06
- P/E Growth: 0.00
- 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?
Some companies that are related to Tortoise Energy Infrastructure Corporation include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Foresight Solar Fund Ltd (FSFL), TICC Capital Corp. (TICC), KCAP Financial (KCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), Ares Capital Corporation (ARCC), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA) and Blackrock Taxable Municipal Bond Trust (BBN).
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?
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.
One share of Tortoise Energy Infrastructure Corporation stock can currently be purchased for approximately $27.94.
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 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)
Analysts' Ratings History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
(Data available from 10/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/28/2017||Stifel Nicolaus||Upgrade||Hold -> Buy||$35.00 -> $34.00||Medium|
|2/17/2016||Bank of America Corporation||Downgrade||Buy -> Neutral||N/A|
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)
Current Year EPS Consensus Estimate: $2.50 EPS
Next Year EPS Consensus Estimate: $-0.62 EPS
Current Dividend Information for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
|Most Recent Dividend:||8/31/2017|
|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 History by Quarter for Tortoise Energy Infrastructure Corporation (NYSE TYG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Insider Ownership Percentage: 0.33%Insider Trades by Quarter for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Institutional Ownership Percentage: 30.45%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/25/2017||Prudential Financial Inc||Major Shareholder||Buy||25,000,000||$11,560,000.00||$289,000,000,000,000.00|| |
|7/10/2017||H Kevin Birzer||Insider||Buy||100||$29.73||$2,973.00|| |
|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|| |
Headline Trends for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Latest Headlines for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Tortoise Energy Infrastructure Corporation (TYG) Chart for Tuesday, October, 17, 2017