US Capital Advisors Weighs in on Tallgrass Energy Partners LP’s Q4 2017 Earnings (TEP)

Tallgrass Energy Partners LP (NYSE:TEP) – Analysts at US Capital Advisors raised their Q4 2017 earnings estimates for Tallgrass Energy Partners in a research report issued on Wednesday. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.66 for the quarter, up from their previous estimate of $0.65. US Capital Advisors currently has a “Hold” rating on the stock. US Capital Advisors also issued estimates for Tallgrass Energy Partners’ Q4 2018 earnings at $0.57 EPS and FY2018 earnings at $2.08 EPS.

Tallgrass Energy Partners (NYSE:TEP) last posted its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.82 by $0.01. Tallgrass Energy Partners had a return on equity of 27.58% and a net margin of 64.13%.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada restated a “buy” rating and set a $55.00 target price on shares of Tallgrass Energy Partners in a research report on Tuesday, January 16th. Zacks Investment Research downgraded Tallgrass Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Citigroup upgraded Tallgrass Energy Partners from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Credit Suisse Group assumed coverage on Tallgrass Energy Partners in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Finally, ValuEngine downgraded Tallgrass Energy Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $58.56.

Tallgrass Energy Partners (NYSE TEP) opened at $45.20 on Monday. Tallgrass Energy Partners has a 12 month low of $41.13 and a 12 month high of $55.50. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $3,308.64, a P/E ratio of 12.09 and a beta of 0.99.

Several hedge funds have recently modified their holdings of TEP. Alliancebernstein L.P. increased its stake in Tallgrass Energy Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 9,988 shares of the pipeline company’s stock valued at $500,000 after acquiring an additional 559 shares during the last quarter. Green Square Capital LLC bought a new position in Tallgrass Energy Partners in the second quarter valued at $258,000. Duff & Phelps Investment Management Co. increased its stake in Tallgrass Energy Partners by 3.2% in the third quarter. Duff & Phelps Investment Management Co. now owns 953,298 shares of the pipeline company’s stock valued at $45,653,000 after acquiring an additional 30,000 shares during the last quarter. Harvest Fund Advisors LLC increased its stake in Tallgrass Energy Partners by 6.1% in the third quarter. Harvest Fund Advisors LLC now owns 1,874,008 shares of the pipeline company’s stock valued at $89,746,000 after acquiring an additional 107,897 shares during the last quarter. Finally, RR Advisors LLC increased its stake in Tallgrass Energy Partners by 0.3% in the third quarter. RR Advisors LLC now owns 1,074,000 shares of the pipeline company’s stock valued at $51,367,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 62.09% of the company’s stock.

In other Tallgrass Energy Partners news, CEO David G. Dehaemers, Jr. acquired 1,688 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average price of $44.99 per share, for a total transaction of $75,943.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David G. Dehaemers, Jr. acquired 715 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $44.00 per share, for a total transaction of $31,460.00. The disclosure for this purchase can be found here. Insiders purchased 86,719 shares of company stock worth $3,753,147 in the last quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be given a $0.965 dividend. This represents a $3.86 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend is Tuesday, January 30th. This is an increase from Tallgrass Energy Partners’s previous quarterly dividend of $0.95. Tallgrass Energy Partners’s dividend payout ratio (DPR) is 101.07%.

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Tallgrass Energy Partners Company Profile

Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The Company operates through three segments: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics and Processing & Logistics. The Crude Oil Transportation & Logistics segment includes the ownership and operation of a Federal Energy Regulatory Commission (FERC) crude oil pipeline system, and crude oil storage and terminaling facilities.

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