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Tortoise Energy Infrastructure Corporation (TYG) Given Daily Coverage Optimism Score of 0.18
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Shares of Tortoise Energy Infrastructure Corporation (NYSE TYG) opened at 29.97 on Tuesday. Tortoise Energy Infrastructure Corporation has a 1-year low of $27.40 and a 1-year high of $37.11. The firm’s 50-day moving average price is $29.78 and its 200 day moving average price is $32.57.
Separately, Stifel Nicolaus upgraded Tortoise Energy Infrastructure Corporation from a “hold” rating to a “buy” rating and cut their target price 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.