Segment Wealth Management LLC Makes New $646,000 Investment in Tortoise Energy Infrastructure Corporation (NYSE:TYG)

Segment Wealth Management LLC purchased a new position in Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the financial services provider’s stock, valued at approximately $646,000. Segment Wealth Management LLC owned 0.14% of Tortoise Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Comerica Bank increased its position in shares of Tortoise Energy Infrastructure by 95.0% in the fourth quarter. Comerica Bank now owns 942 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 459 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth $25,000. Jaffetilchin Investment Partners LLC increased its position in shares of Tortoise Energy Infrastructure by 13.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 5,239 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 613 shares during the period. Noble Wealth Management PBC bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth $30,000. Finally, Cetera Investment Advisers increased its position in shares of Tortoise Energy Infrastructure by 7.7% in the fourth quarter. Cetera Investment Advisers now owns 10,870 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 776 shares during the period. Institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of NYSE TYG opened at $42.47 on Friday. Tortoise Energy Infrastructure Corporation has a 52 week low of $33.09 and a 52 week high of $48.76. The stock’s fifty day moving average is $40.55 and its 200 day moving average is $42.35.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 24th will be given a $0.365 dividend. This represents a dividend yield of 10.35%. The ex-dividend date is Monday, June 23rd.

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.