Prudential Financial Inc Buys 1.5M Shares of Tortoise Energy Infrastructure Corp

Tortoise Energy Infrastructure Corp. (TYG) has announced that Prudential Financial Inc., a 10% owner, has acquired 1,500,000 shares at a price of $10 per share on August 21, 2025.

Tortoise Energy Infrastructure Corp. (TYG), a closed-end equity mutual fund focused on energy infrastructure, has seen significant institutional investment activity and a recent dividend announcement. On August 21, 2025, Prudential Financial Inc. acquired 1,500,000 shares at a price of $10 per share, further bolstering its 10% ownership stake in the company [1].

This acquisition follows a trend of increased institutional investment in TYG. During the first quarter of 2025, Monetary Management Group Inc. lifted its holdings by 44.0%, owning approximately 0.34% of the company's stock worth $1,581,000 [1]. Additionally, Saba Capital Management L.P. increased its stake by 118.8% during the fourth quarter of 2024, now owning 1,048,879 shares valued at $44,053,000 [1]. Raymond James Financial Inc. also increased its holdings by 50.6% in the first quarter, owning 256,729 shares valued at $11,052,000 [1].

Institutional investors and hedge funds collectively own 32.50% of TYG's stock, indicating strong interest in the company's investment strategy and performance [1]. The company's recent price performance shows shares opening at $42.9490 on Friday, with a 12-month low of $33.73 and a 12-month high of $48.76 [1].

Moreover, TYG recently declared a monthly dividend of $0.365, equating to an annualized yield of 10.2% for shareholders of record on September 23rd [1]. The dividend was paid on Tuesday, September 30th, with the ex-dividend date being Tuesday, September 23rd [1].

Overall, the increased institutional ownership and dividend announcement reflect positive developments for Tortoise Energy Infrastructure Corp. (TYG), which continues to attract investors seeking exposure to the energy infrastructure sector.

References:

[1] https://www.marketbeat.com/instant-alerts/filing-monetary-management-group-inc-raises-holdings-in-tortoise-energy-infrastructure-corporation-tyg-2025-08-22/