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Stoxline Mobile
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Tortoise Energy Infrastructure Corp (TYG)

16.32   -0.4 (-2.39%) 10-24 22:25
Open: 16.86 Pre. Close: 16.72
High: 16.9 Low: 16.29
Volume: 46,845 Market Cap: 218M
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. Under normal circumstances, the Fund invests at least 90% of its total assets (including assets obtained through leverage) in securities of energy infrastructure companies and at least 70% of its total assets in equity securities of MLPs. The Fund may invest up to 30% of its total assets in restricted securities, primarily through direct placements. The Fund may invest up to 25% of its total assets in debt securities, including those rated below investment grade. Tortoise Capital Advisors, L.L.C. is the investment advisor of the Fund.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 16.939 - 17.023 17.023 - 17.09
Low: 16.062 - 16.174 16.174 - 16.265
Close: 16.164 - 16.333 16.333 - 16.469

Technical analysis

as of: 2020-10-23 4:49:51 PM
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 19.74     One year: 23.06
Support: Support1: 15.05    Support2: 13.91
Resistance: Resistance1: 16.90    Resistance2: 19.74
Pivot: 16.18
Moving Average: MA(5): 16.41     MA(20): 15.82
MA(100): 16.59     MA(250): 35.19
MACD: MACD(12,26): 0.22     Signal(9): 0.13
Stochastic oscillator: %K(14,3): 82.68     %D(3): 84.73
RSI: RSI(14): 54.75
52-week: High: 78.32  Low: 4.60  Change(%): -78.2
Average Vol(K): 3-Month: 10721  10-Days: 8800

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
TYG has closed below upper band by 40.8%. Bollinger Bands are 45.9% narrower than normal. The narrow width of the bands suggests low volatility as compared to TYG's normal range. The bands have been in this narrow range for 0 bars. This is a sign that the market may be about to initiate a new trend.

Headline News

Mon, 12 Oct 2020
TEAF: 'Energy' Type Discount, But Utility/Infrastructure Performance - Seeking Alpha

Thu, 01 Oct 2020
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2020 for TYG, NTG, TTP, NDP, TPZ and TEAF - Business Wire

Wed, 26 Aug 2020
Fitch Maintains Rating Watch Negative for Two Tortoise Funds; Withdraws Ratings - Fitch Ratings

Wed, 08 Jul 2020
Tortoise Announces the Reinstatement of Distributions and Share Repurchase Program for Certain Closed-End Funds - Business Wire

Thu, 11 Jun 2020
Update on Tortoise Power and Energy Infrastructure Fund, Inc.'s Distribution Declarations and Annual Stockholders' Meeting - Business Wire

Fri, 29 May 2020
KBRA Assigns Ratings to Tortoise Energy Infrastructure Corp. Senior Notes and Mandatory Redeemable Preferred Shares - Business Wire

Financial Analysis

Growth n/a
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability n/a
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency n/a
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency n/a
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Underperform Price to Earnings: Neutral
Return on Equity: Underperform Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Financial Services
Industry:  Asset Management
Shares Out. (M) 13
Shares Float (M)
% Held by Insiders 0.21
% Held by Institutions 27.51
Shares Short (K) 15
Shares Short P. Month (K) 23

Stock Financials

EPS -26.190
EPS Est This Year 2.500
EPS Est Next Year -0.620
Book Value (p.s.) 25.080
Profit Margin
Operating Margin 33.44
Return on Assets (ttm) 0.4
Return on Equity (ttm) -34.9
Qtrly Rev. Growth
Gross Profit (p.s.) 2.122
Sales Per Share 2.303
EBITDA (p.s.)
Qtrly Earnings Growth
Operating Cash Flow (M) 240
Levered Free Cash Flow (M) -25

Stock Valuations

PE Ratio -0.62
PEG Ratio
Price to Book value 0.65
Price to Sales 7.09
Price to Cash Flow 0.91

Stock Dividends

Dividend 9.440
Forward Dividend 1.200
Dividend Yield 0.58
Dividend Pay Date 2018-11-29
Ex-Dividend Date 2020-07-22
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