First National Bank of Mount Dora Trust Investment Services Acquires New Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

First National Bank of Mount Dora Trust Investment Services acquired a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,892 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other large investors have also added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its position in Tortoise Energy Infrastructure by 58.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,347 shares of the financial services provider’s stock valued at $838,000 after purchasing an additional 7,891 shares during the period. Raymond James & Associates increased its position in 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 purchasing an additional 66,104 shares during the period. Almitas Capital LLC increased its position 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 purchasing an additional 15,576 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Tortoise Energy Infrastructure by 604.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 76,567 shares of the financial services provider’s stock valued at $3,005,000 after purchasing an additional 65,695 shares during the period. Finally, Bayshore Asset Management LLC acquired a new stake in shares of Tortoise Energy Infrastructure during the 3rd quarter worth approximately $688,000. Institutional investors own 32.50% of the company’s stock.

Insider Transactions at Tortoise Energy Infrastructure

In related news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of Tortoise Energy Infrastructure stock in a transaction on Monday, December 30th. The shares were sold at an average price of $41.61, for a total value of $235,803.87. Following the completion of the sale, the insider now owns 1,061,234 shares of the company’s stock, valued at approximately $44,157,946.74. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 stock was acquired at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the transaction, the insider now owns 1,500,000 shares in the company, valued at $15,000,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.28% of the company’s stock.

Tortoise Energy Infrastructure Stock Up 0.7 %

Shares of TYG stock opened at $47.13 on Friday. Tortoise Energy Infrastructure Co. has a 52 week low of $28.01 and a 52 week high of $47.58. The firm has a 50 day moving average of $43.81 and a 200-day moving average of $39.69.

Tortoise Energy Infrastructure Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.365 per share. This represents a dividend yield of 7.4%. The ex-dividend date of this dividend 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.