Tortoise Energy Infrastructure Corporation (TYG)
Tortoise Energy Infrastructure Corporation operates in the Asset Management industry of the Financial Services sector, headquartered in Overland Park, KS, US. The stock last traded at $40.02, down 1.00% on the session, giving a market capitalisation of $689.5M. On trailing twelve-month figures it carries a trailing P/E of 5.64, a net margin of 1684.2%. Its beta of 0.74 implies it has historically moved less than the broad market.
The Tortoise Energy Infrastructure Corporation, a closed-end equity mutual fund, is managed by Tortoise Capital Advisors L.L.C. This U.S.-domiciled fund, established on October 29, 2003, invests in publicly traded companies within the United States. Its core strategy involves allocating capital to the energy infrastructure sector, specifically targeting businesses engaged in the transportation, processing, storage, distribution, or marketing of natural gas, natural gas liquids (such as propane), coal, crude oil, or refined petroleum products. It also seeks out firms involved in the exploration, development, management, or production of these commodities. The portfolio's main holdings include publicly traded Master Limited Partnerships (MLPs) and stocks of companies with a market capitalization exceeding $100 million.
Tortoise Energy Infrastructure Corporation is most often compared with the following Financial Services names: