Research analysts at Credit Suisse Group started coverage on shares of Tallgrass Energy GP (NYSE:TEGP) in a research note issued to investors on Thursday, The Fly reports. The brokerage set an “underperform” rating on the pipeline company’s stock.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Tallgrass Energy GP from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 21st. BidaskClub downgraded shares of Tallgrass Energy GP from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Stifel Nicolaus reissued a “buy” rating and issued a $31.00 price target on shares of Tallgrass Energy GP in a research note 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 note 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 note on Friday, November 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.13.
Shares of Tallgrass Energy GP (NYSE TEGP) traded up $0.05 during midday trading on Thursday, hitting $25.80. 346,784 shares of the stock traded hands, compared to its average volume of 317,667. Tallgrass Energy GP has a 1-year low of $21.79 and a 1-year high of $29.50. The firm has a market capitalization of $4,009.35, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.97. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.18.
Several hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC grew its holdings in Tallgrass Energy GP by 175.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 22,729 shares of the pipeline company’s stock worth $642,000 after acquiring an additional 14,468 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in Tallgrass Energy GP by 5.8% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 3,303,355 shares of the pipeline company’s stock worth $93,320,000 after acquiring an additional 180,570 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Tallgrass Energy GP by 49.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 60,511 shares of the pipeline company’s stock worth $1,709,000 after acquiring an additional 19,938 shares in the last quarter. AMP Capital Investors Ltd grew its holdings in Tallgrass Energy GP by 64.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 45,654 shares of the pipeline company’s stock worth $1,289,000 after acquiring an additional 17,854 shares in the last quarter. Finally, Financial Counselors Inc. grew its holdings in Tallgrass Energy GP by 3.2% during the 3rd quarter. Financial Counselors Inc. now owns 100,035 shares of the pipeline company’s stock worth $2,826,000 after acquiring an additional 3,078 shares in the last quarter. Hedge funds and other institutional investors own 36.31% of the company’s stock.
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Tallgrass Energy GP Company Profile
