NYSE:TYG

Tortoise Energy Infrastructure - TYG Stock Forecast, Price & News

$35.40

-0.07 (-0.20%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $35.15
▼
$35.57
50-Day Range: $27.57
▼
$35.47
52-Week Range: $25.53
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$36.85

Volume: 40,472 shs
Average Volume: 68,774 shs
Market Capitalization: $422.25 million

P/E Ratio: N/A
Dividend Yield: 6.29%
Price Target: N/A

About Tortoise Energy Infrastructure (NYSE:TYG) Stock

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.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG Stock traded down $0.19 during midday trading on Wednesday, hitting $35.28. 500 shares of the company were exchanged, compared to its average volume of 40,772. Tortoise Energy Infrastructure has a 52 week low of $25.53 and a 52 week high of $36.85. The firm's 50 day moving average price is $31.05 and its two-hundred day moving average price is $31.99.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date is Tuesday, August 23rd.

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TYG Stock News Headlines

June 3, 2022 | seekingalpha.com

TYG: A Sluggish And Unsteady Energy Infrastructure Fund

June 1, 2022 | finance.yahoo.com

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2022 for TYG, NTG, TTP, NDP and TPZ

August 17, 2022 | Weiss Ratings (Ad)

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April 18, 2022 | investing.com

3 Ways To Tap Rising Oil Prices For 8%+ Dividends

January 19, 2022 | seekingalpha.com

Tortoise Energy Infrastructure declares $0.71 dividend

August 21, 2021 | benzinga.com

Understanding Tortoise Energy Infr's Ex-Dividend Date

August 2, 2021 | finance.yahoo.com

TortoiseEcofin Announces Release of 2021 Semi-Annual Report and Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF

July 20, 2021 | finance.yahoo.com

TortoiseEcofin Appoints New Principal Financial Officer and Treasurer for its Closed-End Funds

August 17, 2022 | RJO Futures (Ad)

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June 12, 2021 | nasdaq.com

Tortoise Energy Infrastructure Corporation Common Stock (TYG)

March 1, 2021 | finance.yahoo.com

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF

February 1, 2021 | finance.yahoo.com

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of January 31, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF

November 2, 2020 | finance.yahoo.com

Tortoise Announces Release of the 2020 Third Quarter Report and Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2020 for TYG, NTG, TTP, NDP, TPZ and TEAF

October 15, 2020 | seekingalpha.com

TPZ announces a share repurchase program for $5M

July 8, 2020 | seekingalpha.com

Tortoise Energy Infrastructure resumes quarterly distribution

July 1, 2020 | www.businesswire.com

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 30, 2020 for TYG, NTG, TTP, NDP, TPZ and TEAF

May 14, 2020 | seekingalpha.com

Tortoise Energy Infrastructure (TYG)

May 2, 2020 | www.thestreet.com

Tortoise Energy Infrastructure Corp.

May 1, 2020 | www.businesswire.com

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of April 30, 2020 for TYG, NTG, TTP, NDP, TPZ and TEAF

May 1, 2020 | finance.yahoo.com

Tortoise Announces Completion of Reverse Stock Splits for Certain Closed-End Funds

April 20, 2020 | finance.yahoo.com

Tortoise Announces Reverse Stock Splits for Certain Closed-End Funds

April 2, 2020 | www.businesswire.com

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of March 31, 2020 for TYG, NTG, TTP, NDP, TPZ and TEAF

March 30, 2020 | finance.yahoo.com

NOTICE TO TORTOISE ENERGY INFRASTRUCTURE CORPORATION (TYG) INVESTORS – KlaymanToskes commences investigation on behalf of TYG Investors Who Sustained Losses in Excess of $100,000 as a Result of a Recommendation from their Financial Advisor

March 2, 2020 | www.businesswire.com

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of Feb. 29, 2020 for TYG, NTG, TTP, NDP, TPZ and TEAF

February 13, 2020 | seekingalpha.com

Tortoise Energy Infrastructure declares $0.395 dividend

February 6, 2020 | finance.yahoo.com

Tortoise Energy Infrastructure Corp. to Host Conference Call

January 1, 2020 | finance.yahoo.com

Tortoise Announces Release of the 2019 Third Quarter Report for Closed-End Funds (TYG, NTG, TTP, NDP, TPZ and TEAF)

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30 days | 90 days | 365 days | Advanced Chart

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TYG Company Calendar

Ex-Dividend for 5/31 Dividend: 5/23/2022
Dividend Payable: 5/31/2022
Today: 8/17/2022
Ex-Dividend for 8/31 Dividend: 8/23/2022
Dividend Payable: 8/31/2022
Fiscal Year End: 11/30/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Investment offices, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:TYG
CUSIP: N/A
CIK: 1268533
Web: www.tortoiseadvisors.com
Phone: (913) 981-1020
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 11,928,000
Free Float: 11,898,000
Market Cap: $422.25 million
Optionable: Not Optionable
Beta: 2.38

Key Executives

Mr. H. Kevin Birzer CFA (Age 63)
CPA, MBA,BBA, Chairman and Sr. Managing Director of Tortoise Capital Advisors Llc
Mr. Terry Clyde Matlack CFA (Age 66)
J.D., Chief Exec. Officer and Director
Mr. Edward P. Russell (Age 58)
Sr. Managing Director
Mr. Brian Alan Kessens C.F.A. (Age 47)
CFA, Member of Investment Committee

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TYG Stock - Frequently Asked Questions

How have TYG shares performed in 2022?: Tortoise Energy Infrastructure's stock was trading at $27.92 at the start of the year. Since then, TYG stock has increased by 27.0% and is now trading at $35.47.
View the best growth stocks for 2022 here.
Are investors shorting Tortoise Energy Infrastructure?: Tortoise Energy Infrastructure saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 21,600 shares, an increase of 332.0% from the July 15th total of 5,000 shares. Based on an average trading volume of 58,600 shares, the days-to-cover ratio is presently 0.4 days.
View Tortoise Energy Infrastructure's Short Interest.
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 Tuesday, August 9th. Stockholders of record on Wednesday, August 24th will be paid a dividend of $0.71 per share on Wednesday, August 31st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date is Tuesday, August 23rd.
Read our dividend analysis for TYG.
Is Tortoise Energy Infrastructure a good dividend stock?: Tortoise Energy Infrastructure (NYSE:TYG) pays an annual dividend of $2.23 per share and currently has a dividend yield of 6.36%. 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.
When did Tortoise Energy Infrastructure's stock split?: Tortoise Energy Infrastructure's stock 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 market closes 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.

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 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).
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 retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.57%), Sit Investment Associates Inc. (1.70%), Advisors Asset Management Inc. (1.28%), KCS Wealth Advisory (0.86%), CSS LLC IL (0.78%) and 180 Wealth Advisors LLC (0.52%). 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.
How do I buy shares of Tortoise Energy Infrastructure?: 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.
Compare Top Brokerages Here.
What is Tortoise Energy Infrastructure's stock price today?: One share of TYG stock can currently be purchased for approximately $35.47.
How much money does Tortoise Energy Infrastructure make?: Tortoise Energy Infrastructure (NYSE:TYG) has a market capitalization of $423.16 million.
How can I contact Tortoise Energy Infrastructure?: The official website for the company is www.tortoiseadvisors.com. The financial services provider can be reached via phone at (913) 981-1020.

This page (NYSE:TYG) was last updated on 8/17/2022 by MarketBeat.com Staff

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