Tortoise Energy Infrastructure Corp. (TYG) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 33 from a previous price target of $30 . Stifel advised their investors in a research report released on Jul 28, 2016.
In a different news, on Mar 7, 2016, Nicholas Scott Holmes (Vice President) purchased 750 shares at $26.60 per share price. According to the SEC, on Mar 4, 2016, P. Bradley Adams (Chief Executive Officer) purchased 770 shares at $26.34 per share price. On Dec 17, 2015, Conrad S Ciccotello (director) purchased 100 shares at $23.34 per share price, according to the Form-4 filing with the securities and exchange commission.
Tortoise Energy Infrastructure Corp. (The Fund) is a closed-end investment company. The Company primarily invests in equity securities of publicly-traded Master Limited Partnerships (MLPs) and their affiliates in the energy infrastructure sector. The Funds investment objective is to seek a high level of total return for its stockholders with an emphasis on distribution income paid to stockholders. It seeks to provide stockholders with an efficient vehicle to invest in the energy infrastructure sector. Tortoise Capital Advisors L.L.C. serves as the Funds investment adviser.