Tortoise Energy Infrastructure Corporation (TYG) Shares Sold by Linscomb & Williams Inc.

Linscomb & Williams Inc. cut its stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,520 shares of the financial services provider’s stock after selling 508 shares during the period. Linscomb & Williams Inc.’s holdings in Tortoise Energy Infrastructure Corporation were worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TYG. Private Advisor Group LLC boosted its stake in shares of Tortoise Energy Infrastructure Corporation by 0.3% during the 2nd quarter. Private Advisor Group LLC now owns 8,141 shares of the financial services provider’s stock worth $242,000 after buying an additional 23 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Tortoise Energy Infrastructure Corporation by 2.9% during the 2nd quarter. Stephens Inc. AR now owns 26,531 shares of the financial services provider’s stock worth $806,000 after buying an additional 749 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Tortoise Energy Infrastructure Corporation by 3.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 27,425 shares of the financial services provider’s stock worth $833,000 after buying an additional 1,023 shares during the last quarter. Whitnell & Co. boosted its stake in shares of Tortoise Energy Infrastructure Corporation by 0.4% during the 2nd quarter. Whitnell & Co. now owns 242,935 shares of the financial services provider’s stock worth $7,383,000 after buying an additional 1,078 shares during the last quarter. Finally, Boulegeris Investments Inc. boosted its stake in shares of Tortoise Energy Infrastructure Corporation by 0.9% during the 2nd quarter. Boulegeris Investments Inc. now owns 127,636 shares of the financial services provider’s stock worth $3,879,000 after buying an additional 1,086 shares during the last quarter. 30.45% of the stock is owned by hedge funds and other institutional investors.

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Tortoise Energy Infrastructure Corporation (NYSE:TYG) traded up 0.17% during trading on Wednesday, hitting $29.43. 32,022 shares of the stock were exchanged. The firm’s market cap is $1.44 billion. Tortoise Energy Infrastructure Corporation has a 52 week low of $26.93 and a 52 week high of $37.11. The firm’s 50-day moving average is $28.59 and its 200 day moving average is $30.87.

Separately, Stifel Nicolaus upgraded shares of Tortoise Energy Infrastructure Corporation from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $35.00 to $34.00 in a research note on Wednesday, June 28th. They noted that the move was a valuation call.

In other Tortoise Energy Infrastructure Corporation news, major shareholder Prudential Financial Inc acquired 25,000,000 shares of Tortoise Energy Infrastructure Corporation stock in a transaction dated Monday, September 25th. The stock was purchased at an average cost of $11,560,000.00 per share, for a total transaction of $289,000,000,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by company insiders.

About Tortoise Energy Infrastructure Corporation

Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.

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Institutional Ownership by Quarter for Tortoise Energy Infrastructure Corporation (NYSE:TYG)

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