Tallgrass Energy Partners LP Declares Quarterly Dividend of $0.32 (TEP)
Tallgrass Energy Partners LP (NYSE:TEP) announced a quarterly dividend on Monday, January 13th, Analyst RN reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.315 per share on Wednesday, February 12th. This represents a $1.26 annualized dividend and a dividend yield of 4.90%.
A number of research firms have recently commented on TEP. Analysts at Stifel Nicolaus raised their price target on shares of Tallgrass Energy Partners LP from $25.00 to $26.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Analysts at Credit Suisse raised their price target on shares of Tallgrass Energy Partners LP from $26.00 to $28.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Tallgrass Energy Partners LP has an average rating of “Buy” and a consensus price target of $25.25.
Tallgrass Energy Partners LP (NYSE:TEP) traded down 0.93% on Monday, hitting $25.69. The stock had a trading volume of 31,734 shares. Tallgrass Energy Partners LP has a one year low of $20.53 and a one year high of $27.74. The stock’s 50-day moving average is $25.36 and its 200-day moving average is $23.67. The company’s market cap is $1.040 billion.
Tallgrass Energy Partners, LP is a limited partnership company. It provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through its Tallgrass Interstate Gas transportation system and processing services for customers in Wyoming through its Midstream Facilities.
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