Zimmer Partners LP Buys 23,460 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Zimmer Partners LP increased its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 38.8% in the fourth quarter, Holdings Channel reports. The firm owned 83,918 shares of the financial services provider’s stock after buying an additional 23,460 shares during the quarter. Zimmer Partners LP’s holdings in Tortoise Energy Infrastructure were worth $3,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of Tortoise Energy Infrastructure during the fourth quarter worth $25,000. Noble Wealth Management PBC acquired a new stake in Tortoise Energy Infrastructure during the 4th quarter worth $30,000. Hartford Financial Management Inc. lifted its holdings in Tortoise Energy Infrastructure by 37.5% during the fourth quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 219 shares in the last quarter. Comerica Bank lifted its holdings in Tortoise Energy Infrastructure by 95.0% during the fourth quarter. Comerica Bank now owns 942 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 459 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in Tortoise Energy Infrastructure in the fourth quarter valued at about $46,000. Institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of Tortoise Energy Infrastructure stock opened at $41.50 on Wednesday. The business has a 50-day moving average of $40.43 and a two-hundred day moving average of $42.70. Tortoise Energy Infrastructure Co. has a 1 year low of $32.50 and a 1 year high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 22nd will be given a $0.365 dividend. The ex-dividend date is Friday, August 22nd. This represents a $4.38 annualized dividend and a dividend yield of 10.55%.

Tortoise Energy Infrastructure 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.