TYG
Tortoise Energy Infrastructure CorpTYG
TYG
About: Tortoise Energy Infrastructure Corp seeks to provide a high level of current income to stockholders. It invests in fixed-income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
26% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 23
5% less funds holding
Funds holding: 108 [Q2] → 103 (-5) [Q3]
7.37% less ownership
Funds ownership: 40.37% [Q2] → 32.99% (-7.37%) [Q3]
8% less capital invested
Capital invested by funds: $168M [Q2] → $155M (-$13.4M) [Q3]
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Research analyst outlook
We haven’t received any recent analyst ratings for TYG.
Financial journalist opinion
Neutral
PRNewsWire
2 weeks ago
Tortoise Capital Announces Shareholder Approval of Closed-End Fund Mergers and Conversion to Actively Managed ETF
OVERLAND PARK, Kan., Dec. 5, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced it received shareholder approval of two strategic fund merger proposals involving closed-end funds and the conversion to an actively managed ETF. These changes align with the firm's commitment to providing innovative investment solutions that are intended to enhance shareholder value and operational efficiency. Subject to the satisfaction of certain customary closing conditions, Tortoise Capital expects the mergers and ETF conversion to become effective, and trading of the merged funds will cease, before the market opens on Dec. 23, 2024.
Neutral
Accesswire
1 month ago
Tortoise Capital Announces Closed-End Fund Distributions
Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESSWIRE / November 4, 2024 / Tortoise Capital announced distributions declared by its closed-end funds. Tortoise Capital closed-end funds distribution details are as follows: Fund Ticker Distribution Amount Distribution Target of Average NAV Distribution Frequency Tortoise Energy Infrastructure Corp. TYG $0.78 7%-10% Quarterly Tortoise Midstream Energy Fund, Inc. NTG $0.81 7%-10% Quarterly Tortoise Pipeline & Energy Fund, Inc. TTP $0.59 7%-10% Quarterly Tortoise Energy Independence Fund, Inc. NDP $0.63 7%-10% Quarterly Tortoise Power and Energy Infrastructure Fund, Inc. TPZ $0.105 7%-10% Monthly Tortoise Sustainable and Social Impact Term Fund TEAF $0.09 6%-8% Monthly TYG, NTG, TTP, NDP and TPZ distributions are payable on Nov. 29, 2024, to shareholders of record on Nov. 22, 2024.
Neutral
Accesswire
1 month ago
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF
OVERLAND PARK, KS / ACCESSWIRE / November 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Oct. 31, 2024, the company's unaudited total assets were approximately $615.4 million and its unaudited net asset value was $492.6 million, or $45.76 per share.
Neutral
Accesswire
2 months ago
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF
OVERLAND PARK, KS / ACCESSWIRE / October 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Sept.
Positive
Seeking Alpha
2 months ago
TYG: Continuing Its Strong Recent Track Record
Tortoise Energy Infrastructure Corporation offers exposure to midstream corporations and master limited partnerships without tax complications, making it suitable for retirement accounts and avoiding K-1 forms. The fund's current yield of 8.07% is slightly lower than peers, but its three-month 14.02% share price increase and 16.51% total return are impressive. The fund's portfolio includes top-performing midstream companies, and it maintains a conservative leverage strategy, enhancing stability and risk management.
Positive
Seeking Alpha
2 months ago
NTG And TYG: Merger Proposal
Tortoise Capital Advisors plans to merge Tortoise Midstream Energy Fund into Tortoise Energy Infrastructure Corp. The merger, subject to shareholder and regulatory approval, includes a 40% distribution increase and a switch to monthly payouts, enhancing investor appeal. The merger may be an effort to counter activist investor Saba's influence, who holds significant stakes in both NTG and TYG.
Neutral
Accesswire
3 months ago
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024, for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / September 3, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Aug. 30, 2024, the company's unaudited total assets were approximately $583.9 million and its unaudited net asset value was $460.9 million, or $42.82 per share.
Neutral
Accesswire
4 months ago
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2024, for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / August 1, 2024 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of July 31, 2024, the company's unaudited total assets were approximately $563.0 million and its unaudited net asset value was $450.1 million, or $41.82 per share.
Neutral
Accesswire
4 months ago
Tortoise Capital Releases Combined 2024 Closed-End Fund Semi-Annual Report
Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) OVERLAND PARK, KS / ACCESSWIRE / July 29, 2024 / Tortoise Capital today announced the release of the combined 2024 semi-annual stockholders' report including all of these funds. The semi-annual report is available online at cef.tortoiseadvisors.com.
Positive
Seeking Alpha
5 months ago
TYG: Distribution Boost Could Be Ahead
Tortoise Energy Infrastructure Corporation is a closed-end fund with exposure to energy-related infrastructure investments, focused on natural gas. TYG has performed quite well since our prior update, and that could bode well for a distribution increase soon based on their managed distribution policy. Since our prior update, the fund's discount has narrowed, but still remains at a relatively attractive level for a long-term investor.
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