Bayshore Asset Management LLC Buys 1,152 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Bayshore Asset Management LLC raised its stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,679 shares of the financial services provider’s stock after buying an additional 1,152 shares during the period. Bayshore Asset Management LLC owned about 0.17% of Tortoise Energy Infrastructure worth $785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TYG. Thurston Springer Miller Herd & Titak Inc. bought a new position in Tortoise Energy Infrastructure in the third quarter valued at $82,000. Eastern Bank purchased a new position in shares of Tortoise Energy Infrastructure in the 4th quarter worth about $124,000. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Tortoise Energy Infrastructure during the 4th quarter valued at about $205,000. LongView Wealth Management purchased a new position in shares of Tortoise Energy Infrastructure during the 4th quarter valued at about $294,000. Finally, Bard Associates Inc. bought a new stake in Tortoise Energy Infrastructure in the 3rd quarter worth approximately $356,000. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Prudential Financial Inc purchased 1,500,000 shares of Tortoise Energy Infrastructure stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $15,000,000.00. Following the transaction, the insider now directly owns 1,500,000 shares in the company, valued at $15,000,000. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 9,211 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $42.46, for a total value of $391,099.06. Following the completion of the sale, the insider now owns 1,066,901 shares of the company’s stock, valued at $45,300,616.46. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

Tortoise Energy Infrastructure Trading Up 0.7 %

Shares of NYSE TYG opened at $47.13 on Monday. Tortoise Energy Infrastructure Co. has a one year low of $28.01 and a one year high of $47.58. The firm’s 50 day simple moving average is $43.81 and its two-hundred day simple moving average is $39.76.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.365 per share. This represents a dividend yield of 7.4%. The ex-dividend date is Friday, February 21st.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC 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.