Allspring Global Investments Holdings LLC Has $11.79 Million Stock Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 1.2% during the third quarter, Holdings Channel reports. The firm owned 300,485 shares of the financial services provider’s stock after selling 3,574 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tortoise Energy Infrastructure were worth $11,794,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Almitas Capital LLC boosted its stake in Tortoise Energy Infrastructure by 157.6% in the 2nd quarter. Almitas Capital LLC now owns 25,457 shares of the financial services provider’s stock valued at $888,000 after buying an additional 15,576 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Tortoise Energy Infrastructure in the 2nd quarter valued at $469,000. Oppenheimer & Co. Inc. grew its holdings in shares of Tortoise Energy Infrastructure by 7.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 21,388 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 1,492 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Tortoise Energy Infrastructure by 48.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,872 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 3,561 shares in the last quarter. Finally, Ariadne Wealth Management LP bought a new position in Tortoise Energy Infrastructure during the 2nd quarter valued at about $415,000. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Stock Performance

NYSE:TYG opened at $40.93 on Friday. The company’s 50-day moving average price is $38.38 and its two-hundred day moving average price is $35.28. Tortoise Energy Infrastructure Co. has a 12 month low of $27.25 and a 12 month high of $41.46.

Tortoise Energy Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, August 23rd. This is a positive change from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a yield of 7.62%.

Tortoise Energy Infrastructure 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.