Shares of Tallgrass Energy GP, LP (NYSE:TEGP) have earned an average rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $30.00.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Tallgrass Energy GP from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 21st. BidaskClub lowered shares of Tallgrass Energy GP from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 target price on shares of Tallgrass Energy GP in a research report on Sunday, October 29th. Robert W. Baird reaffirmed a “buy” rating and set a $33.00 target price on shares of Tallgrass Energy GP in a research report on Thursday, December 7th. Finally, Morgan Stanley reduced their target price 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.

Shares of Tallgrass Energy GP (NYSE TEGP) opened at $25.85 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.55 and a quick ratio of 0.50. Tallgrass Energy GP has a 1 year low of $21.79 and a 1 year high of $29.50. The firm has a market cap of $4,060.00 and a PE ratio of 32.31.

Tallgrass Energy GP (NYSE:TEGP) last issued its earnings results on Thursday, November 2nd. The pipeline company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.09). Tallgrass Energy GP had a return on equity of 2.46% and a net margin of 7.07%. equities research analysts predict that Tallgrass Energy GP will post 0.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.3675 per share. The ex-dividend date is Tuesday, January 30th. This is an increase from Tallgrass Energy GP’s previous quarterly dividend of $0.36. This represents a $1.47 dividend on an annualized basis and a dividend yield of 5.69%. Tallgrass Energy GP’s dividend payout ratio (DPR) is currently 177.50%.

In other Tallgrass Energy GP news, insider David G. Dehaemers, Jr. acquired 5,428 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $25.04 per share, for a total transaction of $135,917.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Gerke acquired 9,800 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price 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 and other institutional investors have recently added to or reduced their stakes in the company. Walnut Private Equity Partners LLC boosted its stake in Tallgrass Energy GP by 49.5% in the fourth quarter. Walnut Private Equity Partners LLC now owns 30,206 shares of the pipeline company’s stock valued at $752,000 after acquiring an additional 10,000 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Tallgrass Energy GP by 175.1% in the third quarter. Chicago Partners Investment Group LLC now owns 22,729 shares of the pipeline company’s stock valued at $642,000 after acquiring an additional 14,468 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Tallgrass Energy GP by 5.8% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 3,303,355 shares of the pipeline company’s stock valued at $93,320,000 after acquiring an additional 180,570 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Tallgrass Energy GP by 49.1% in the third quarter. Neuberger Berman Group LLC now owns 60,511 shares of the pipeline company’s stock valued at $1,709,000 after acquiring an additional 19,938 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in Tallgrass Energy GP by 64.2% in the third quarter. AMP Capital Investors Ltd now owns 45,654 shares of the pipeline company’s stock valued at $1,289,000 after acquiring an additional 17,854 shares in the last quarter. Hedge funds and other institutional investors own 36.31% of the company’s stock.

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About Tallgrass Energy GP

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