Oppenheimer & Co. Inc. Decreases Stake in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,379 shares of the financial services provider’s stock after selling 1,339 shares during the quarter. Oppenheimer & Co. Inc. owned 0.18% of Tortoise Energy Infrastructure worth $761,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Raymond James & Associates boosted its stake in shares of Tortoise Energy Infrastructure by 679.7% during the 3rd quarter. Raymond James & Associates now owns 75,830 shares of the financial services provider’s stock valued at $2,976,000 after buying an additional 66,104 shares during the last quarter. Almitas Capital LLC boosted its stake in Tortoise Energy Infrastructure by 157.6% during the 2nd quarter. Almitas Capital LLC now owns 25,457 shares of the financial services provider’s stock valued at $888,000 after acquiring an additional 15,576 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Tortoise Energy Infrastructure by 604.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 76,567 shares of the financial services provider’s stock worth $3,005,000 after purchasing an additional 65,695 shares during the last quarter. Bayshore Asset Management LLC bought a new stake in shares of Tortoise Energy Infrastructure in the 3rd quarter worth about $688,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Tortoise Energy Infrastructure in the 2nd quarter valued at about $469,000. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Down 0.4 %

NYSE:TYG opened at $43.57 on Wednesday. Tortoise Energy Infrastructure Co. has a one year low of $27.44 and a one year high of $44.13. The stock has a 50-day simple moving average of $40.25 and a 200 day simple moving average of $36.60.

Tortoise Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be issued a $0.78 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.16%.

About Tortoise Energy Infrastructure

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.