Tallgrass Energy GP (NYSE:TEGP)‘s stock had its “buy” rating reissued by stock analysts at Robert W. Baird in a research note issued on Thursday. They presently have a $33.00 price objective on the pipeline company’s stock. Robert W. Baird’s price target would indicate a potential upside of 43.10% from the company’s current price.

Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Tallgrass Energy GP from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $31.00 price target on shares of Tallgrass Energy GP in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Tallgrass Energy GP from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 21st. Barclays reiterated a “buy” rating and issued a $34.00 price target on shares of Tallgrass Energy GP in a research report on Thursday, October 19th. Finally, Morgan Stanley lowered their price target on shares of Tallgrass Energy GP from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.22.

Shares of Tallgrass Energy GP (TEGP) opened at $23.06 on Thursday. Tallgrass Energy GP has a 1-year low of $21.79 and a 1-year high of $29.50. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.18. The company has a market cap of $3,691.75, a PE ratio of 29.35, a PEG ratio of 3.00 and a beta of 1.97.

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

Several hedge funds have recently modified their holdings of the company. Cohen & Steers Inc. increased its stake in Tallgrass Energy GP by 1,981.9% during the 2nd quarter. Cohen & Steers Inc. now owns 6,109,509 shares of the pipeline company’s stock worth $342,010,000 after buying an additional 5,816,050 shares during the period. Kayne Anderson Capital Advisors LP increased its stake in Tallgrass Energy GP by 52.0% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 4,737,352 shares of the pipeline company’s stock worth $106,909,000 after buying an additional 1,621,152 shares during the period. Advisory Research Inc. increased its stake in Tallgrass Energy GP by 146.7% during the 4th quarter. Advisory Research Inc. now owns 2,674,631 shares of the pipeline company’s stock worth $71,680,000 after buying an additional 1,590,396 shares during the period. Harvest Fund Advisors LLC increased its stake in Tallgrass Energy GP by 82.2% during the 3rd quarter. Harvest Fund Advisors LLC now owns 3,266,244 shares of the pipeline company’s stock worth $92,271,000 after buying an additional 1,473,761 shares during the period. Finally, Capital World Investors increased its stake in Tallgrass Energy GP by 56.7% during the 4th quarter. Capital World Investors now owns 3,805,000 shares of the pipeline company’s stock worth $60,766,000 after buying an additional 1,376,196 shares during the period. 36.32% of the stock is currently owned by institutional investors and hedge funds.

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About Tallgrass Energy GP

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