Tortoise Energy Infrastructure Corporation (TYG) Receiving Somewhat Favorable News Coverage, Accern Reports
News articles about Tortoise Energy Infrastructure Corporation (NYSE:TYG) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tortoise Energy Infrastructure Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.7279553885481 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Tortoise Energy Infrastructure Corporation (TYG) traded down 0.80% during midday trading on Friday, hitting $28.38. The stock had a trading volume of 223,167 shares. The company’s 50-day moving average price is $30.02 and its 200-day moving average price is $32.46. Tortoise Energy Infrastructure Corporation has a 12-month low of $27.40 and a 12-month high of $37.11.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 24th will be issued a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date is Tuesday, August 22nd.
Separately, Stifel Nicolaus raised Tortoise Energy Infrastructure Corporation from a “hold” rating to a “buy” rating and cut their price target for the stock from $35.00 to $34.00 in a report on Wednesday, June 28th. They noted that the move was a valuation call.
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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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