Tortoise Energy Infrastructure Corporation (TYG) is Hillview Capital Advisors LLC’s 4th Largest Position

Hillview Capital Advisors LLC maintained its stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,420 shares of the financial services provider’s stock at the end of the second quarter. Tortoise Energy Infrastructure Corporation accounts for approximately 2.2% of Hillview Capital Advisors LLC’s holdings, making the stock its 4th largest position. Hillview Capital Advisors LLC’s holdings in Tortoise Energy Infrastructure Corporation were worth $499,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TYG. Morgan Stanley boosted its position in shares of Tortoise Energy Infrastructure Corporation by 21.5% in the first quarter. Morgan Stanley now owns 1,620,344 shares of the financial services provider’s stock worth $56,534,000 after buying an additional 286,445 shares in the last quarter. Sit Investment Associates Inc. boosted its position in shares of Tortoise Energy Infrastructure Corporation by 62.8% in the first quarter. Sit Investment Associates Inc. now owns 708,491 shares of the financial services provider’s stock worth $24,719,000 after buying an additional 273,373 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Tortoise Energy Infrastructure Corporation by 1.7% in the first quarter. Wells Fargo & Company MN now owns 653,106 shares of the financial services provider’s stock worth $22,788,000 after buying an additional 10,964 shares in the last quarter. UMB Bank N A MO boosted its position in shares of Tortoise Energy Infrastructure Corporation by 32.8% in the first quarter. UMB Bank N A MO now owns 499,665 shares of the financial services provider’s stock worth $17,433,000 after buying an additional 123,414 shares in the last quarter. Finally, LVM Capital Management Ltd. MI boosted its position in shares of Tortoise Energy Infrastructure Corporation by 5.0% in the second quarter. LVM Capital Management Ltd. MI now owns 360,434 shares of the financial services provider’s stock worth $10,954,000 after buying an additional 17,144 shares in the last quarter. 34.49% of the stock is owned by institutional investors.

Shares of Tortoise Energy Infrastructure Corporation (NYSE TYG) opened at 28.61 on Friday. Tortoise Energy Infrastructure Corporation has a 52-week low of $27.40 and a 52-week high of $37.11. The company’s 50-day moving average price is $29.89 and its 200-day moving average price is $32.30.

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

Separately, Stifel Nicolaus upgraded Tortoise Energy Infrastructure Corporation from a “hold” rating to a “buy” rating and dropped their price target 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 Company Profile

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.