Allspring Global Investments Holdings LLC Sells 27,083 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Allspring Global Investments Holdings LLC decreased its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 9.0% in the 4th quarter, HoldingsChannel reports. The firm owned 273,402 shares of the financial services provider’s stock after selling 27,083 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Tortoise Energy Infrastructure were worth $11,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Advocates Investment Management increased its holdings in shares of Tortoise Energy Infrastructure by 337.1% in the fourth quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider’s stock valued at $1,304,000 after purchasing an additional 23,953 shares in the last quarter. Kercheville Advisors LLC bought a new position in Tortoise Energy Infrastructure in the 4th quarter valued at $480,000. Verity Asset Management Inc. acquired a new stake in shares of Tortoise Energy Infrastructure in the 4th quarter valued at $251,000. Calamos Advisors LLC bought a new stake in shares of Tortoise Energy Infrastructure during the fourth quarter worth $329,000. Finally, Catalina Capital Group LLC acquired a new position in shares of Tortoise Energy Infrastructure during the fourth quarter valued at $266,000. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 1.2 %

Shares of TYG stock opened at $45.44 on Tuesday. Tortoise Energy Infrastructure Co. has a 12 month low of $28.91 and a 12 month high of $48.76. The stock has a 50-day moving average price of $44.32 and a 200 day moving average price of $41.28.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a $0.365 dividend. The ex-dividend date is Friday, February 21st. This represents a yield of 7.4%.

Insider Activity at Tortoise Energy Infrastructure

In related news, major shareholder Saba Capital Management, L.P. sold 9,211 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $42.46, for a total transaction of $391,099.06. Following the sale, the insider now owns 1,066,901 shares of the company’s stock, valued at approximately $45,300,616.46. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Prudential Financial Inc purchased 1,500,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $15,000,000.00. Following the transaction, the insider now owns 1,500,000 shares of the company’s stock, valued at $15,000,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by company insiders.

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.