Tallgrass Energy GP, (NYSE: TEGP) has recently received a number of price target changes and ratings updates:

  • 11/2/2017 – Tallgrass Energy GP, was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 11/1/2017 – Tallgrass Energy GP, had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $32.00 price target on the stock.
  • 10/29/2017 – Tallgrass Energy GP, had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $31.00 price target on the stock.
  • 10/21/2017 – Tallgrass Energy GP, was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/19/2017 – Tallgrass Energy GP, had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $34.00 price target on the stock.
  • 9/26/2017 – Tallgrass Energy GP, had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $32.00 price target on the stock.
  • 9/21/2017 – Tallgrass Energy GP, was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Tallgrass Energy GP, LP is a limited partnership company. The company is engaged in the transportation, storage and processing of natural gas, the transportation of crude oil and the provision of water business services primarily to the oil and gas exploration and production industry through its subsidiary. Tallgrass Energy GP, LP is based in LEAWOOD, United States. “

Tallgrass Energy GP, LP (NYSE:TEGP) traded up $0.11 during trading on Friday, reaching $25.29. The company had a trading volume of 629,123 shares, compared to its average volume of 188,509. The stock has a market cap of $3,878.85, a price-to-earnings ratio of 30.84 and a beta of 2.08.

Tallgrass Energy GP, (NYSE:TEGP) last announced its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). The firm had revenue of $160.86 million for the quarter, compared to analyst estimates of $166.78 million. Tallgrass Energy GP, had a return on equity of 2.49% and a net margin of 7.07%. analysts anticipate that Tallgrass Energy GP, LP will post 0.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be given a $0.355 dividend. This is an increase from Tallgrass Energy GP,’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.42 annualized dividend and a dividend yield of 5.61%. Tallgrass Energy GP,’s dividend payout ratio is presently 171.25%.

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