Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tortoise Energy Infrastructure Corporation (TYG) Share Price

Media headlines about Tortoise Energy Infrastructure Corporation (NYSE:TYG) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tortoise Energy Infrastructure Corporation earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.7232930765907 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Separately, Stifel Nicolaus upgraded 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.

Tortoise Energy Infrastructure Corporation (NYSE:TYG) opened at 29.55 on Thursday. The firm’s 50 day moving average price is $28.64 and its 200-day moving average price is $30.86. Tortoise Energy Infrastructure Corporation has a 52 week low of $26.93 and a 52 week high of $37.11.

In other Tortoise Energy Infrastructure Corporation news, major shareholder Prudential Financial Inc bought 25,000,000 shares of the stock in a transaction on Monday, September 25th. The shares were purchased at an average cost of $11,560,000.00 per share, with a total value of $289,000,000,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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Tortoise Energy Infrastructure Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Tortoise Energy Infrastructure Corporation (NYSE:TYG)

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