Bard Associates Inc. Has $668,000 Stock Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Bard Associates Inc. increased its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 75.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,895 shares of the financial services provider’s stock after acquiring an additional 6,829 shares during the quarter. Bard Associates Inc.’s holdings in Tortoise Energy Infrastructure were worth $668,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new stake in Tortoise Energy Infrastructure during the 4th quarter worth approximately $30,000. Hartford Financial Management Inc. lifted its position in shares of Tortoise Energy Infrastructure by 37.5% in the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 219 shares during the period. Principal Securities Inc. acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter worth approximately $46,000. Eastern Bank acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter worth approximately $124,000. Finally, First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter worth approximately $205,000. 32.50% of the stock is currently owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Performance

Shares of NYSE TYG opened at $43.21 on Tuesday. Tortoise Energy Infrastructure Co. has a 52-week low of $29.11 and a 52-week high of $48.76. The company’s 50 day moving average price is $44.62 and its 200-day moving average price is $41.88.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 23rd will be given a $0.365 dividend. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 8.4%.

Insider Transactions at Tortoise Energy Infrastructure

In related news, major shareholder Prudential Financial Inc bought 1,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of $10.00 per share, for a total transaction of $15,000,000.00. Following the transaction, the insider now directly owns 1,500,000 shares of the company’s stock, valued at approximately $15,000,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $41.61, for a total transaction of $235,803.87. Following the transaction, the insider now owns 1,061,234 shares in the company, valued at $44,157,946.74. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

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.