Cahill Financial Advisors Inc. Invests $935,000 in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Cahill Financial Advisors Inc. acquired a new position in Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,258 shares of the financial services provider’s stock, valued at approximately $935,000. Cahill Financial Advisors Inc. owned 0.21% of Tortoise Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth $25,000. Noble Wealth Management PBC purchased a new position in Tortoise Energy Infrastructure during the fourth quarter worth about $30,000. Hartford Financial Management Inc. increased its position in shares of Tortoise Energy Infrastructure by 37.5% during the fourth quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 219 shares during the last quarter. Comerica Bank raised its stake in shares of Tortoise Energy Infrastructure by 95.0% in the 4th quarter. Comerica Bank now owns 942 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 459 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Down 1.2 %

Tortoise Energy Infrastructure stock opened at $39.65 on Tuesday. The firm has a 50 day moving average price of $40.67 and a 200 day moving average price of $42.71. Tortoise Energy Infrastructure Co. has a fifty-two week low of $31.36 and a fifty-two week high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were issued a dividend of $0.365 per share. This represents a yield of 10%. The ex-dividend date of this dividend was Monday, March 24th.

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.