Rikoon Group LLC lessened its stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,409 shares of the financial services provider’s stock after selling 285 shares during the period. Rikoon Group LLC’s holdings in Tortoise Energy Infrastructure Corporation were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC grew its stake in Tortoise Energy Infrastructure Corporation by 1,497.1% in the first quarter. Sowell Financial Services LLC now owns 6,101 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 5,719 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Tortoise Energy Infrastructure Corporation by 258.5% during the second quarter. Chicago Partners Investment Group LLC now owns 6,539 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 4,715 shares during the last quarter. BerganKDV Wealth Management LLC purchased a new stake in shares of Tortoise Energy Infrastructure Corporation during the second quarter worth about $207,000. WESPAC Advisors LLC purchased a new stake in shares of Tortoise Energy Infrastructure Corporation during the second quarter worth about $212,000. Finally, Investment Centers of America Inc. purchased a new stake in shares of Tortoise Energy Infrastructure Corporation during the first quarter worth about $252,000. Institutional investors own 30.45% of the company’s stock.

Shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) traded down 1.59% during midday trading on Friday, hitting $28.54. The stock had a trading volume of 237,189 shares. Tortoise Energy Infrastructure Corporation has a one year low of $26.93 and a one year high of $37.11. The firm has a 50 day moving average price of $28.74 and a 200 day moving average price of $30.81.

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In other Tortoise Energy Infrastructure Corporation news, major shareholder Prudential Financial Inc acquired 25,000,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were acquired at an average price of $11,560,000.00 per share, for a total transaction of $289,000,000,000,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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

About Tortoise Energy Infrastructure Corporation

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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