Tuesday, September 26, 2017 10:15 PM ET
Insider at Tortoise Energy Infrastructure (TYG) Makes Significant purchase of Stock Extends the Trend of Last Quarter
One insider — PRUDENTIAL FINANCIAL INC, 10% Owner — today, acquired 25,000,000 shares of Tortoise Energy Infrastructure having a market value of approximately $289,000,000,000,000, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 100 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 25,000,100 shares and have averaged 12,500,050 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Tortoise Energy Infrastructure is higher than the 125-company peer group average. Closed End Funds peer group saw 66 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Tortoise Energy Infrastructure insiders was also higher. Within the peer group there were 1,622,954 shares purchased and 30,485 shares sold with company insiders having bought 39,812 shares on average.
The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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