Tortoise Energy Infrastructure Corporation Stock Price, News & Analysis (NYSE:TYG)

$26.19 -0.09 (-0.34 %)
(As of 11/17/2017 02:34 PM ET)
Previous Close$26.28
Today's Range$26.15 - $26.50
52-Week Range$25.19 - $37.11
Volume340,500 shs
Average Volume173,500 shs
Market Capitalization$1.2959 billion
P/E RatioN/A
Dividend Yield9.97%
Beta1.28

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:
  • Industry: Closed End Funds
  • Sub-Industry: N/A
  • Sector: Finance
  • Symbol: NYSE:TYG
  • CUSIP: N/A
  • Web: N/A
Dividend:
  • Annual Dividend: $2.62
  • Dividend Yield: 10.0%
Misc:
  • Outstanding Shares: 49,310,000
 
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 Tuesday, November 7th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.655 per share on Thursday, November 30th. This represents a $2.62 annualized dividend and a yield of 10.00%. The ex-dividend date of this dividend is Tuesday, November 21st. 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 Wall Street analysts have issued twelve-month price objectives for Tortoise Energy Infrastructure Corporation's shares. Their forecasts range from $34.00 to $34.00. On average, they anticipate Tortoise Energy Infrastructure Corporation's share 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 CFA, Chairman of the Board (Age 58)
  • Matthew G. P. Sallee, President (Age 39)
  • P. Bradley Adams, Chief Executive Officer (Age 57)
  • Brent W. Behrens, Principal Financial Officer, Treasurer (Age 38)
  • Diane Bono, Chief Compliance Officer, Secretary (Age 59)
  • Shobana Gopal, Vice President (Age 55)
  • Nicholas S. Holmes, Vice President (Age 32)
  • Charles E. Heath, Lead Independent Director (Age 75)
  • Terry C. Matlack CFA, Director (Age 61)
  • Rand C. Berney, Independent Director (Age 62)

Who owns Tortoise Energy Infrastructure Corporation stock?

Tortoise Energy Infrastructure Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Uniplan Investment Counsel Inc. (1.86%), Sit Investment Associates Inc. (0.00%), Wells Fargo & Company MN (1.20%), Cedar Hill Associates LLC (0.85%), Fiduciary Trust Co. (0.00%) and Paragon Capital Management LLC (0.60%). Company insiders that own Tortoise Energy Infrastructure Corporation stock include Alexandra Herger, Conrad S Ciccotello, H Kevin Birzer, Matthew Sallee, Nicholas Scott Holmes, Prudential Financial Inc, 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 Ladenburg Thalmann Financial Services Inc., Amussen Hunsaker Associates LLC, Fiduciary Trust Co., Allen Investment Management LLC, Wells Fargo & Company MN, Advisors Asset Management Inc., Sit Investment Associates Inc. and Cohen & Steers Inc.. 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 bought by a variety of institutional investors in the last quarter, including Paragon Capital Management LLC, John G Ullman & Associates Inc., Cedar Hill Associates LLC, JPMorgan Chase & Co., Private Vista LLC, Parkside Investments LLC, Cadence Bank NA and Crescent Grove Advisors LLC. Company insiders that have bought Tortoise Energy Infrastructure Corporation stock in the last two years include Alexandra Herger, Conrad S Ciccotello, H Kevin Birzer, Matthew Sallee, Nicholas Scott Holmes, Prudential Financial Inc, 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 with access to the U.S. stock market 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 $26.19.

How big of a company is Tortoise Energy Infrastructure Corporation?

Tortoise Energy Infrastructure Corporation has a market capitalization of $1.2959 billion.


MarketBeat Community Rating for Tortoise Energy Infrastructure Corporation (NYSE TYG)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  81 (Vote Outperform)
Underperform Votes:  79 (Vote Underperform)
Total Votes:  160
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

Analysts' Consensus Ratings for Tortoise Energy Infrastructure Corporation (NYSE:TYG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 0 Sell Ratings, 0 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $34.00 (29.82% 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 11/17/2015 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: $-0.38 EPS
Next Year EPS Consensus Estimate: $-0.35 EPS

Dividends

Current Dividend Information for Tortoise Energy Infrastructure Corporation (NYSE:TYG)
Next Dividend:11/30/2017
Annual Dividend:$2.62
Dividend Yield:10.00%
Dividend Growth:4.70% (3 Year Average)
Payout Ratio:-689.47% (Based on This Year's Estimates)
-748.57% (Based on Next Year's Estimates)
Frequency:Quarterly Dividend
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
11/7/2017quarterly$0.669.63%11/21/201711/22/201711/30/2017
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: 30.48%
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
11/9/2017Alexandra HergerDirectorBuy500$26.59$13,295.00View SEC Filing  
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
Head-To-Head Review: PennantPark Investment Corporation (PNNT) and Tortoise Energy Infrastructure Corporation (TYG)Head-To-Head Review: PennantPark Investment Corporation (PNNT) and Tortoise Energy Infrastructure Corporation (TYG)
www.americanbankingnews.com - November 16 at 9:34 PM
Alexandra Herger Acquires 500 Shares of Tortoise Energy Infrastructure Corporation (TYG) StockAlexandra Herger Acquires 500 Shares of Tortoise Energy Infrastructure Corporation (TYG) Stock
www.americanbankingnews.com - November 13 at 3:50 PM
Tortoise Energy Infrastructure Corporation (TYG) and Its Rivals Critical ComparisonTortoise Energy Infrastructure Corporation (TYG) and Its Rivals Critical Comparison
www.americanbankingnews.com - November 11 at 3:34 AM
Tortoise Energy Infrastructure Corporation (TYG) to Issue $0.66 Quarterly DividendTortoise Energy Infrastructure Corporation (TYG) to Issue $0.66 Quarterly Dividend
www.americanbankingnews.com - November 7 at 5:54 PM
Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Oct. 31, 2017Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Oct. 31, 2017
finance.yahoo.com - November 2 at 10:23 AM
Head-To-Head Review: KCAP Financial (KCAP) and Tortoise Energy Infrastructure Corp. (TYG)Head-To-Head Review: KCAP Financial (KCAP) and Tortoise Energy Infrastructure Corp. (TYG)
www.americanbankingnews.com - October 29 at 1:08 AM
Reviewing PennantPark Floating Rate Capital (PFLT) & Tortoise Energy Infrastructure Corporation (TYG)Reviewing PennantPark Floating Rate Capital (PFLT) & Tortoise Energy Infrastructure Corporation (TYG)
www.americanbankingnews.com - October 21 at 8:15 AM
Infrastructure And Energy Outlook: Reflecting On Harvey And Puerto RicoInfrastructure And Energy Outlook: Reflecting On Harvey And Puerto Rico
seekingalpha.com - October 14 at 8:58 AM
Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Sept. 30, 2017Tortoise 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
Financial Survey: Tortoise Energy Infrastructure Corporation (TYG) versus StoneCastle Financial Corp (BANX)Financial Survey: Tortoise Energy Infrastructure Corporation (TYG) versus StoneCastle Financial Corp (BANX)
www.americanbankingnews.com - October 2 at 8:14 PM
Tortoise Energy Infrastructure Corporation (TYG) Major Shareholder Prudential Financial Inc Buys 25,000,000 SharesTortoise Energy Infrastructure Corporation (TYG) Major Shareholder Prudential Financial Inc Buys 25,000,000 Shares
www.americanbankingnews.com - September 26 at 4:22 PM
Tortoise Capital Advisors Announces Acquisition of Solar AssetsTortoise Capital Advisors Announces Acquisition of Solar Assets
finance.yahoo.com - September 15 at 10:30 AM
BRIEF-Tortoise Energy Infrastructure Corp. Provides unaudited balance sheet ...BRIEF-Tortoise Energy Infrastructure Corp. Provides unaudited balance sheet ...
www.reuters.com - September 3 at 7:43 AM
Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Aug. 31, 2017Tortoise 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
Tortoise Energy Infrastructure Corporation (TYG) Declares Quarterly Dividend of $0.66Tortoise Energy Infrastructure Corporation (TYG) Declares Quarterly Dividend of $0.66
www.americanbankingnews.com - August 8 at 5:46 PM
Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of July 31, 2017Tortoise 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
Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of June 30, 2017Tortoise 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
Tortoise Energy Infrastructure Corporation (TYG) Stock Rating Upgraded by Stifel NicolausTortoise Energy Infrastructure Corporation (TYG) Stock Rating Upgraded by Stifel Nicolaus
www.americanbankingnews.com - July 2 at 8:08 PM
RSI Alert: Tortoise Energy Infrastructure Fund Now OversoldRSI Alert: Tortoise Energy Infrastructure Fund Now Oversold
www.thestreet.com - May 31 at 11:36 PM
Tortoise Energy Infrastructure Corporation (TYG)...Tortoise Energy Infrastructure Corporation (TYG)...
www.nasdaq.com - May 21 at 8:00 AM
Headwinds In EnergyHeadwinds In Energy
seekingalpha.com - May 13 at 2:12 AM
How To Boost Returns Without MagicHow To Boost Returns Without Magic
seekingalpha.com - April 25 at 9:04 AM
Five Infrastructure Sure Things That Pay 6%+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 informationBRIEF-Tortoise Power And Energy Infrastructure Fund provides unaudited balance sheet information
www.reuters.com - April 3 at 8:14 PM
Reviewing CEFs That Focus On MLPs: Avoiding The Dreaded K-1Reviewing 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-1Reviewing CEFs That Focus On MLPs: Avoiding The Dreaded K-1
seekingalpha.com - February 16 at 8:23 PM
BRIEF-Tortoise Energy Infrastructure unaudited NAV $28.83 per share as of Nov. 30BRIEF-Tortoise Energy Infrastructure unaudited NAV $28.83 per share as of Nov. 30
www.reuters.com - December 1 at 8:26 PM
Fitch Affirms Notes & MRPS Issued by Three Tortoise Closed-End Funds - Business Wire (press release)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 NAVThis 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 AlphaThis Tortoise Fund Is Racing Ahead Of Its NAV - Seeking Alpha
seekingalpha.com - November 25 at 6:45 AM
Tortoise Energy Infrastructure declares $0.655 dividendTortoise 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 Ratio Update ... - Business Wire (press release)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 - Barrons (blog)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 SaysNo Algiers OPEC Oil Freeze Likely, MLP Investor Says
blogs.barrons.com - September 26 at 7:53 PM
Tortoise Energy Infrastructure Corp. Provides...Tortoise Energy Infrastructure Corp. Provides...
www.benzinga.com - August 2 at 8:52 AM
4 Closed-End Funds Trading at a Discount4 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 (NYSE TYG) Chart for Friday, November, 17, 2017
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This page was last updated on 11/17/2017 by MarketBeat.com Staff

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