TYG Stock Summary and Trading Ideas (Tortoise Energy Infrastructure | NYSE:TYG)

The Company’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to stockholders. The Company seeks to provide its stockholders with an efficient vehicle to invest in the energy infrastructure sector. TYG invests primarily in equity securities of publicly-traded Master Limited Partnerships (MLPs) and their affiliates in the energy infrastructure sector. TYG is designed to provide exposure to midstream MLPs.

Tortoise Energy Infrastructure trades on the NYSE stock market under the symbol TYG.

As of May 13, 2024, TYG stock price declined to $33.53 with 66,684 million shares trading.

TYG has a beta of 0.49, meaning it tends to be less sensitive to market movements. TYG has a correlation of 0.09 to the broad based SPY ETF.

TYG has a market cap of $360.95 million. This is considered a Small Cap stock.

In the last 3 years, TYG stock traded as high as $36.85 and as low as $24.77.

TYG stock has underperformed the market in the last year with a return of +25.6%, while SPY returned +27.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TYG shares. However, TYG has outperformed the market in the last 3 month and 2 week periods, returning +19.8% and +5.9%, while SPY returned +4.2% and +2.4%, respectively. This indicates TYG has been having a stronger performance recently.

TYG support price is $33.13 and resistance is $34.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TYG stock will trade within this expected range on the day.