NYSE:TYGTortoise Energy Infrastructure Stock Price, Forecast & News

$18.60

+0.15 (+0.81 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$18.48

Now: $18.60▼

$18.81

50-Day Range

$3.11

MA: $11.86▼

$18.85

52-Week Range

$4.60

Now: $18.60▼

$94.32

Volume156,018 shs

Average Volume216,354 shs

Market Capitalization$999.38 million

P/E RatioN/A

Dividend Yield36.96%

Beta2.89

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities. The fund primarily invests in securities of publicly traded Master Limited Partnerships and stocks of companies having a market capitalization greater than $100 million. Tortoise Energy Infrastructure Corporation was formed on October 29, 2003 and is domiciled in the United States.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Tortoise Energy Infrastructure.

2.7 Community Rank

Outperform Votes
Tortoise Energy Infrastructure has received 243 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Tortoise Energy Infrastructure has received 213 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Tortoise Energy Infrastructure has received 53.29% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Tortoise Energy Infrastructure and other stocks. Vote “Outperform” if you believe TYG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TYG will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Tortoise Energy Infrastructure is a leading dividend payer. It pays a dividend yield of 36.96%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Tortoise Energy Infrastructure does not have a long track record of dividend growth.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tortoise Energy Infrastructure insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,708.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.21% of the stock of Tortoise Energy Infrastructure is held by insiders.
Percentage Held by Institutions
Only 25.38% of the stock of Tortoise Energy Infrastructure is held by institutions.

0.0 Earnings and Valuation

Overall Beat the Market Rank^™

1.47 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Investment offices, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:TYG

Previous Symbol

CUSIPN/A

CIK1268533

WebN/A

PhoneN/A

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesN/A

Price / SalesN/A

Cash FlowN/A

Price / Cash FlowN/A

Book ValueN/A

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

EmployeesN/A

Outstanding Shares53,730,000

Market Cap$999.38 million

Next Earnings DateN/A

OptionableNot Optionable

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Tortoise Energy Infrastructure (NYSE:TYG) Frequently Asked Questions

How has Tortoise Energy Infrastructure's stock been impacted by COVID-19 (Coronavirus)?

Tortoise Energy Infrastructure's stock was trading at $7.06 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TYG stock has increased by 163.5% and is now trading at $18.60. View which stocks have been most impacted by Coronavirus.

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

Tortoise Energy Infrastructure declared a quarterly dividend on Thursday, February 13th. Investors of record on Friday, February 21st will be paid a dividend of $1.58 per share on Friday, February 28th. This represents a $6.32 dividend on an annualized basis and a dividend yield of 33.98%. The ex-dividend date is Thursday, February 20th. This is an increase from Tortoise Energy Infrastructure's previous quarterly dividend of $0.66. View Tortoise Energy Infrastructure's dividend history.

When did Tortoise Energy Infrastructure's stock split? How did Tortoise Energy Infrastructure's stock split work?

Shares of Tortoise Energy Infrastructure reverse split 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 Tortoise Energy Infrastructure stock prior to the reverse split would have 25 shares after the split.

Has Tortoise Energy Infrastructure been receiving favorable news coverage?

Media stories about TYG stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tortoise Energy Infrastructure earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutTortoise Energy Infrastructure.

Who are some of Tortoise Energy Infrastructure's key competitors?

Some companies that are related to Tortoise Energy Infrastructure include DNP Select Income Fund (DNP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), PIMCO Corporate&Income Opportunity Fund (PTY), Tri-Continental (TY), Hercules Capital (HTGC), Gabelli Equity Trust (GAB), Royce Value Trust (RVT), Liberty All-Star Equity Fund (USA), Boulder Growth & Income Fund (BIF), Tekla Healthcare Investors (HQH), AllianceBernstein Global Hgh Incm Fd (AWF), Blackrock Muniyield Insured Fund (MYI), Invesco Van Kampen Munpl Oprtnty Tr (VMO) and General American Investors (GAM). View all competitors.

What other stocks do shareholders of Tortoise Energy Infrastructure own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tortoise Energy Infrastructure investors own include Exxon Mobil (XOM), Energy Transfer LP Unit (ET), Golar LNG Partners (GMLP), AbbVie (ABBV), Gilead Sciences (GILD), Kayne Anderson MLP Midstream Invstmnt (KYN), ONEOK (OKE), Plains All American Pipeline (PAA), Pfizer (PFE) and Simon Property Group (SPG).

Who are Tortoise Energy Infrastructure's key executives?

Tortoise Energy Infrastructure's management team includes the following people:

Mr. H. Kevin Birzer CFA, CPA, MBA,BBA, Chairman and Sr. Managing Director of Tortoise Capital Advisors Llc (Age 60)
Mr. Terry Clyde Matlack CFA, J.D., Chief Exec. Officer and Director (Age 63)
Mr. Matthew G.P. Sallee CFA, Pres
Mr. Brent Wayne Behrens CFA, Principal Financial Officer and Treasurer (Age 40)
Ms. Diane Marie Bono J.D., Chief Compliance Officer and Sec. (Age 61)

What is Tortoise Energy Infrastructure's stock symbol?

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

Who are Tortoise Energy Infrastructure's major shareholders?

Tortoise Energy Infrastructure's stock is owned by many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (12.66%), Morgan Stanley (3.16%), Wells Fargo & Company MN (4.66%), Parkside Investments LLC (0.90%), Raymond James Financial Services Advisors Inc. (0.75%) and Wolverine Asset Management LLC (2.71%). Company insiders that own Tortoise Energy Infrastructure stock include Brian Alan Kessens, Conrad S Ciccotello, H Kevin Birzer, James Ryan Mick, Jennifer Paquette, Matthew Sallee, Nicholas Scott Holmes and Robert Joseph Jr Thummel. View institutional ownership trends for Tortoise Energy Infrastructure.

Which institutional investors are selling Tortoise Energy Infrastructure stock?

TYG stock was sold by a variety of institutional investors in the last quarter, including Allen Investment Management LLC, Morgan Stanley, Morgan Stanley, Commerce Bank, Raymond James & Associates, UBS Group AG, Alpine Global Management LLC, and Pin Oak Investment Advisors Inc.. View insider buying and selling activity for Tortoise Energy Infrastructure.

Which institutional investors are buying Tortoise Energy Infrastructure stock?

TYG stock was purchased by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Kayne Anderson Capital Advisors LP, Matisse Capital, Arlington Capital Management Inc., Wolverine Asset Management LLC, RMB Capital Management LLC, Laurel Wealth Advisors Inc., and Parcion Private Wealth LLC. Company insiders that have bought Tortoise Energy Infrastructure stock in the last two years include Brian Alan Kessens, Conrad S Ciccotello, H Kevin Birzer, James Ryan Mick, Jennifer Paquette, Matthew Sallee, Nicholas Scott Holmes, and Robert Joseph Jr Thummel. View insider buying and selling activity for Tortoise Energy Infrastructure.

How do I buy shares of Tortoise Energy Infrastructure?

Shares of TYG 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, Robinhood, Fidelity, and Charles Schwab.

What is Tortoise Energy Infrastructure's stock price today?

One share of TYG stock can currently be purchased for approximately $18.60.

How big of a company is Tortoise Energy Infrastructure?

Tortoise Energy Infrastructure has a market capitalization of $999.38 million.

This page was last updated on 6/2/2020 by MarketBeat.com Staff