Tortoise Energy Infrastructure Corporation (TYG) Position Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,441 shares of the financial services provider’s stock after selling 1,255 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Tortoise Energy Infrastructure Corporation were worth $742,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Investment Centers of America Inc. lifted its position in shares of Tortoise Energy Infrastructure Corporation by 43.7% during the 2nd quarter. Investment Centers of America Inc. now owns 10,323 shares of the financial services provider’s stock worth $311,000 after buying an additional 3,141 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Tortoise Energy Infrastructure Corporation by 26.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 13,914 shares of the financial services provider’s stock worth $423,000 after buying an additional 2,900 shares during the last quarter. Stephens Inc. AR lifted its position 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. Uniplan Investment Counsel Inc. lifted its position in shares of Tortoise Energy Infrastructure Corporation by 9.2% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 929,294 shares of the financial services provider’s stock worth $28,241,000 after buying an additional 78,354 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position 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. Institutional investors and hedge funds own 30.45% of the company’s stock.

In other Tortoise Energy Infrastructure Corporation news, major shareholder Prudential Financial Inc bought 25,000,000 shares of Tortoise Energy Infrastructure Corporation stock in a transaction that occurred on Monday, September 25th. The stock was acquired at an average cost of $11,560,000.00 per share, for a total transaction of $289,000,000,000,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

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

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

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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.

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

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