A number of firms have modified their ratings and price targets on shares of Tallgrass Energy GP, (NYSE: TEGP) recently:

  • 11/17/2017 – Tallgrass Energy GP, had its price target lowered by analysts at Morgan Stanley from $30.00 to $29.00. They now have an “equal weight” rating on the stock.
  • 11/8/2017 – Tallgrass Energy GP, was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 11/7/2017 – Tallgrass Energy GP, was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” 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. “
  • 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.

Tallgrass Energy GP, LP (NYSE:TEGP) opened at $23.36 on Tuesday. The stock has a market capitalization of $3,663.45, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.98 and a beta of 2.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.50 and a current ratio of 0.55. Tallgrass Energy GP, LP has a 1-year low of $22.38 and a 1-year high of $29.50.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend was Monday, October 30th. This is a boost from Tallgrass Energy GP,’s previous quarterly dividend of $0.34. Tallgrass Energy GP,’s dividend payout ratio is 171.25%.

In other Tallgrass Energy GP, news, insider David G. Dehaemers, Jr. acquired 5,428 shares of Tallgrass Energy GP, stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $25.04 per share, for a total transaction of $135,917.12. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas A. Gerke acquired 9,800 shares of Tallgrass Energy GP, stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $25.50 per share, with a total value of $249,900.00. The disclosure for this purchase can be found here.

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