Tallgrass Energy GP, LP (NYSE:TEGP) Director Thomas A. Gerke acquired 9,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $25.50 per share, for a total transaction of $249,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Tallgrass Energy GP, LP (NYSE TEGP) traded down $0.26 on Thursday, reaching $24.95. 168,009 shares of the company’s stock traded hands, compared to its average volume of 203,830. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4,032.94, a price-to-earnings ratio of 32.06, a PEG ratio of 3.28 and a beta of 2.08. Tallgrass Energy GP, LP has a 12 month low of $21.87 and a 12 month high of $29.50.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be issued a $0.355 dividend. The ex-dividend date of this dividend is Monday, October 30th. This is a positive change from Tallgrass Energy GP,’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a yield of 5.69%. Tallgrass Energy GP,’s dividend payout ratio (DPR) is 171.25%.

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Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Tallgrass Energy GP, from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research lowered shares of Tallgrass Energy GP, from a “hold” rating to a “strong sell” rating in a report on Tuesday. Robert W. Baird restated a “buy” rating and issued a $32.00 price objective on shares of Tallgrass Energy GP, in a report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $31.00 price objective on shares of Tallgrass Energy GP, in a report on Sunday, October 29th. Finally, Barclays PLC restated a “buy” rating and issued a $34.00 price objective on shares of Tallgrass Energy GP, in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.11.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in Tallgrass Energy GP, by 14.2% in the third quarter. Wells Fargo & Company MN now owns 126,871 shares of the pipeline company’s stock worth $3,585,000 after purchasing an additional 15,800 shares during the period. Cadence Capital Management LLC acquired a new stake in Tallgrass Energy GP, in the third quarter worth $1,105,000. Evergreen Capital Management LLC acquired a new stake in Tallgrass Energy GP, in the third quarter worth $4,493,000. Citadel Advisors LLC raised its holdings in Tallgrass Energy GP, by 55.1% in the third quarter. Citadel Advisors LLC now owns 77,244 shares of the pipeline company’s stock worth $2,182,000 after purchasing an additional 27,445 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Tallgrass Energy GP, by 3.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,236,899 shares of the pipeline company’s stock worth $34,942,000 after purchasing an additional 36,683 shares during the period. Institutional investors own 37.17% of the company’s stock.

Tallgrass Energy GP, Company Profile

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