Tortoise Energy Infrastructure (NYSE:TYG) Rating Change
Tortoise Energy Infrastructure (NYSE:TYG) was upped by expert analysts at Stifel from Hold rating to Buy rating in analysts report sent to clients and investors on Wednesday morning. The firm after the upgrade has a $34.0 target price per share on the stock. Stifel’s target price per share means a potential upside of 16.72 %.
Hillview Capital Advisors Llc had the biggest stake with ownership of 31,016 shares as of q2 2015 for 11.74% of the long stock exposure. Lvm Capital Management Ltd Mi is another bullish fund who is owning 273,280 shares of Tortoise Energy Infrastructure or 4.35% of their long stock exposure. Also, Cedar Hill Associates Llc have 3.62% of their long stock exposure invested in the company for 720,987 shares. The Illinois-based fund Whitnell & Co. revealed it had purchased a stake worth about 2.95% of the fund’s stock portfolio in Tortoise Energy Infrastructure. The Georgia-based fund Boulegeris Investments Inc. is also positive about the stock, possessing 281,241 shares or 2.44% of their long stock exposure.
Tortoise Energy Infrastructure (NYSE:TYG) 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.
Tortoise Energy Infrastructure (NYSE:TYG) closed at $29.13 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 172,838 shares. Tortoise Energy Infrastructure has a 52 week low of $27.40 and a 52 week high of $37.11. The company has a market cap of $1.40 billion and a P/E ratio of 0.
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The post New York: Tortoise Energy Infrastructure (NYSE:TYG) Rating Outlook Upgraded to Buy at Stifel Keeping $34.0 Target Price. Lost Its Old Hold Rating appeared first on Octafinance.