Dean Investment Associates LLC continued to hold its stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,632 shares of the financial services provider’s stock at the end of the 2nd quarter. Tortoise Energy Infrastructure Corporation accounts for approximately 1.1% of Dean Investment Associates LLC’s investment portfolio, making the stock its 12th largest position. Dean Investment Associates LLC’s holdings in Tortoise Energy Infrastructure Corporation were worth $6,686,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sowell Financial Services LLC increased its position in shares of Tortoise Energy Infrastructure Corporation by 1,497.1% during the 1st quarter. Sowell Financial Services LLC now owns 6,101 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 5,719 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in Tortoise Energy Infrastructure Corporation by 258.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,539 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 4,715 shares in the last quarter. BerganKDV Wealth Management LLC acquired a new stake in Tortoise Energy Infrastructure Corporation in the 2nd quarter valued at about $207,000. WESPAC Advisors LLC acquired a new stake in Tortoise Energy Infrastructure Corporation in the 2nd quarter valued at about $212,000. Finally, Investment Centers of America Inc. acquired a new stake in Tortoise Energy Infrastructure Corporation in the 1st quarter valued at about $252,000. Institutional investors and hedge funds own 30.45% of the company’s stock.

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

Tortoise Energy Infrastructure Corporation (TYG) traded up 0.2500% during midday trading on Wednesday, reaching $28.6715. 23,840 shares of the company’s stock traded hands. Tortoise Energy Infrastructure Corporation has a 52-week low of $26.93 and a 52-week high of $37.11. The stock has a 50-day moving average of $29.01 and a 200 day moving average of $31.50.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th were paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 9.16%. The ex-dividend date of this dividend was Tuesday, August 22nd.

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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