Tallgrass Energy GP, LP Company Profile (NYSE:TEGP)

About Tallgrass Energy GP, LP (NYSE:TEGP)

Tallgrass Energy GP, LP logoTallgrass Energy GP, LP is a limited partnership company, which includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP's subsidiaries. TEP owns, operates, acquires and develops midstream energy assets in North America. TEP's segments include Crude Oil Transportation & Logistics, which is engaged in the ownership and operation of a crude oil pipeline system, and crude oil storage and terminaling facilities; Natural Gas Transportation & Logistics, which is engaged in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities; Processing & Logistics, which is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities, and the provision of water business services to the oil and gas exploration and production industry, and Corporate and Other.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Transportation Services - NEC
  • Sub-Industry: N/A
  • Symbol: NYSE:TEGP
  • CUSIP: N/A
  • Web: www.tallgrassenergy.com
Capitalization:
  • Market Cap: $1.38335 billion
  • Outstanding Shares: 58,075,000
Average Prices:
  • 50 Day Moving Avg: $25.37
  • 200 Day Moving Avg: $26.56
  • 52 Week Range: $21.74 - $29.50
P/E:
  • Trailing P/E Ratio: 35.33
  • Foreward P/E Ratio: 26.24
  • P/E Growth: 0.91
Sales & Book Value:
  • Annual Revenue: $614.2 million
  • Price / Sales: 2.26
  • Book Value: $4.09 per share
  • Price / Book: 5.84
Dividend:
  • Annual Dividend: $1.37
  • Dividend Yield: 5.8%
Profitability:
  • EBIDTA: $349.34 million
  • Net Margins: 5.91%
  • Return on Equity: 2.01%
  • Return on Assets: 0.96%
Debt:
  • Debt-to-Equity Ratio: 1.24%
  • Current Ratio: 0.50%
  • Quick Ratio: 0.42%
Misc:
  • Average Volume: 222,278 shs.
  • Beta: 2.17
  • Short Ratio: 11.47
 

Frequently Asked Questions for Tallgrass Energy GP, LP (NYSE:TEGP)

What is Tallgrass Energy GP, LP's stock symbol?

Tallgrass Energy GP, LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "TEGP."

How often does Tallgrass Energy GP, LP pay dividends? What is the dividend yield for Tallgrass Energy GP, LP?

Tallgrass Energy GP, LP announced a quarterly dividend on Thursday, July 6th. Shareholders of record on Friday, July 28th will be given a dividend of $0.3425 per share on Monday, August 14th. This represents a $1.37 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Wednesday, July 26th. This is an increase from Tallgrass Energy GP, LP's previous quarterly dividend of $0.29. View Tallgrass Energy GP, LP's Dividend History.

How were Tallgrass Energy GP, LP's earnings last quarter?

Tallgrass Energy GP, LP (NYSE:TEGP) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.08. The company earned $160.86 million during the quarter, compared to analyst estimates of $166.78 million. Tallgrass Energy GP, LP had a return on equity of 2.01% and a net margin of 5.91%. View Tallgrass Energy GP, LP's Earnings History.

Where is Tallgrass Energy GP, LP's stock going? Where will Tallgrass Energy GP, LP's stock price be in 2017?

9 brokers have issued 12-month target prices for Tallgrass Energy GP, LP's stock. Their forecasts range from $23.00 to $35.00. On average, they expect Tallgrass Energy GP, LP's share price to reach $30.00 in the next year. View Analyst Ratings for Tallgrass Energy GP, LP.

Who are some of Tallgrass Energy GP, LP's key competitors?

Who are Tallgrass Energy GP, LP's key executives?

Tallgrass Energy GP, LP's management team includes the folowing people:

  • David G. Dehaemers Jr., President, Chief Executive Officer, Director of General Partner
  • Gary J. Brauchle, Chief Financial Officer, Executive Vice President of General Partner
  • William R. Moler, Chief Operating Officer, Executive Vice President, Director of General Partner
  • Gary D. Watkins, Chief Accounting Officer, Vice President of General Partner
  • Christopher R. Jones, Vice President, General Counsel, Secretary of General Partner
  • Richard L. Bullock, Vice President - Human Resources, Tax and Risk Management of General Partner
  • Jeffrey R. Armstrong, Director
  • Roy Nolan Cook, Director
  • Frank J. Loverro, Director of General Partner
  • Stanley de J. Osborne, Director of General Partner

When did Tallgrass Energy GP, LP IPO?

(TEGP) raised $900 million in an initial public offering on Thursday, May 7th 2015. The company issued 35,300,000 shares at a price of $24.00-$27.00 per share. Citigroup and Goldman Sachs served as the underwriters for the IPO and BofA Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank Securities, Morgan Stanley, RBC Capital Markets, Wells Fargo Securities, Baird, Scotia Howard Weil, Stifel, Tudor, Pickering, Holt and U.S. Capital Advisors were co-managers.

Who owns Tallgrass Energy GP, LP stock?

Tallgrass Energy GP, LP's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (9.32%), Capital World Investors (6.11%), Tortoise Capital Advisors L.L.C. (5.38%), Jennison Associates LLC (4.95%), Advisory Research Inc. (4.19%) and Eagle Global Advisors LLC (4.00%). Company insiders that own Tallgrass Energy GP, LP stock include David G Dehaemers Jr, Gary J Brauchle, John T Raymond and Kelso Gp Viii, Llc. View Institutional Ownership Trends for Tallgrass Energy GP, LP.

Who sold Tallgrass Energy GP, LP stock? Who is selling Tallgrass Energy GP, LP stock?

Tallgrass Energy GP, LP's stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Jennison Associates LLC, Dividend Assets Capital LLC, Citadel Advisors LLC, Lazard Asset Management LLC, JPMorgan Chase & Co., Williams Jones & Associates LLC and Chicago Partners Investment Group LLC. Company insiders that have sold Tallgrass Energy GP, LP stock in the last year include John T Raymond and Kelso Gp Viii, Llc. View Insider Buying and Selling for Tallgrass Energy GP, LP.

Who bought Tallgrass Energy GP, LP stock? Who is buying Tallgrass Energy GP, LP stock?

Tallgrass Energy GP, LP's stock was acquired by a variety of institutional investors in the last quarter, including Global X Management Co. LLC, Atlantic Trust Group LLC, OxFORD Asset Management LLP, Tortoise Capital Advisors L.L.C., Wells Fargo & Company MN, Clinton Group Inc., Commonwealth of Pennsylvania Public School Empls Retrmt SYS and Boyer & Corporon Wealth Management LLC. Company insiders that have bought Tallgrass Energy GP, LP stock in the last two years include David G Dehaemers Jr and Gary J Brauchle. View Insider Buying and Selling for Tallgrass Energy GP, LP.

How do I buy Tallgrass Energy GP, LP stock?

Shares of Tallgrass Energy GP, LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tallgrass Energy GP, LP's stock price today?

One share of Tallgrass Energy GP, LP stock can currently be purchased for approximately $23.88.


MarketBeat Community Rating for Tallgrass Energy GP, LP (NYSE TEGP)
Community Ranking:  2.3 out of 5 ( )
Outperform Votes:  110 (Vote Outperform)
Underperform Votes:  131 (Vote Underperform)
Total Votes:  241
MarketBeat's community ratings are surveys of what our community members think about Tallgrass Energy GP, LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Tallgrass Energy GP, LP (NYSE:TEGP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.22)
Consensus Price Target: $30.00 (25.63% upside)

Analysts' Ratings History for Tallgrass Energy GP, LP (NYSE:TEGP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/4/2017Barclays PLCBoost Price TargetOverweight$33.00 -> $35.00LowView Rating Details
7/31/2017Royal Bank Of CanadaReiterated RatingHold$30.00LowView Rating Details
7/22/2017ScotiabankSet Price TargetHold$28.00MediumView Rating Details
7/14/2017Stifel NicolausReiterated RatingBuy$31.00LowView Rating Details
7/14/2017Morgan StanleyReiterated RatingEqual Weight$28.00 -> $29.00LowView Rating Details
4/21/2017MacquarieInitiated CoverageOutperform$32.00LowView Rating Details
4/20/2017Mitsubishi UFJ Financial GroupReiterated RatingNeutral$32.00LowView Rating Details
12/15/2016Howard WeilDowngradeSector PerformN/AView Rating Details
12/15/2016Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$25.00 -> $23.00N/AView Rating Details
8/6/2016Credit Suisse GroupSet Price TargetBuy$28.00N/AView Rating Details
5/18/2016Citigroup Inc.Reiterated RatingBuyN/AView Rating Details
5/6/2016Robert W. BairdUpgradeNeutral -> Outperform$21.00 -> $30.00N/AView Rating Details
4/18/2016Deutsche Bank AGUpgradeHold -> Buy$21.00N/AView Rating Details
9/8/2015Capital One Financial CorporationInitiated CoverageEqual Weight$33.00N/AView Rating Details
(Data available from 8/18/2015 forward)

Earnings

Earnings History for Tallgrass Energy GP, LP (NYSE:TEGP)
Earnings by Quarter for Tallgrass Energy GP, LP (NYSE:TEGP)
Earnings History by Quarter for Tallgrass Energy GP, LP (NYSE TEGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/2/2017Q2 2017$0.23$0.15$166.78 million$160.86 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.16$0.21$165.67 million$144.40 millionViewListenView Earnings Details
4/28/2016Q1$0.11$0.16ViewListenView Earnings Details
2/17/2016Q4$0.12$0.37$149.49 million$150.38 millionViewListenView Earnings Details
11/4/2015Q3$0.13$0.09$132.48 million$138.17 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Tallgrass Energy GP, LP (NYSE:TEGP)
Current Year EPS Consensus Estimate: $0.93 EPS
Next Year EPS Consensus Estimate: $0.91 EPS

Dividends

Current Dividend Information for Tallgrass Energy GP, LP (NYSE:TEGP)
Most Recent Dividend:8/14/2017
Annual Dividend:$1.37
Dividend Yield:5.74%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:201.47% (Trailing 12 Months of Earnings)
147.31% (Based on This Year's Estimates)
150.55% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Tallgrass Energy GP, LP (NYSE:TEGP)

Dividend History by Quarter for Tallgrass Energy GP, LP (NYSE TEGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/6/2017quarterly$0.344.56%7/26/20177/28/20178/14/2017
4/17/2017quarterly$0.294.08%4/26/20174/28/20175/15/2017
1/24/2017quarterly$0.284.11%2/1/20172/3/20172/14/2017
10/7/2016quarterly$0.264.35%10/27/201610/31/201611/14/2016
7/7/2016quarterly$0.254.24%7/27/20167/29/20168/12/2016
4/12/2016quarterly$0.214.8%4/19/20164/21/20165/13/2016
1/5/2016quarterly$0.174.15%1/27/20161/29/20162/12/2016
10/6/2015quarterly$0.142.33%10/28/201510/30/201511/13/2015
7/17/2015special$0.077/29/20157/31/20158/17/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Tallgrass Energy GP, LP (NYSE:TEGP)
Institutional Ownership Percentage: 99.71%
Insider Trades by Quarter for Tallgrass Energy GP, LP (NYSE:TEGP)
Institutional Ownership by Quarter for Tallgrass Energy GP, LP (NYSE:TEGP)
Insider Trades by Quarter for Tallgrass Energy GP, LP (NYSE:TEGP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/22/2016John T RaymondDirectorSell5,175,000$22.00$113,850,000.00View SEC Filing  
11/22/2016Kelso Gp Viii, LlcMajor ShareholderSell5,058,497$21.85$110,528,159.45View SEC Filing  
12/11/2015David G Dehaemers JrCEOBuy25,000$16.04$401,000.00View SEC Filing  
12/11/2015Gary J BrauchleInsiderBuy6,450$16.13$104,038.50View SEC Filing  
12/7/2015David G Dehaemers JrCEOBuy30,202$17.42$526,118.84View SEC Filing  
9/11/2015David G Dehaemers JrCEOBuy50,000$25.65$1,282,500.00View SEC Filing  
6/8/2015David G Dehaemers JrCEOBuy15,000$30.54$458,100.00View SEC Filing  
5/12/2015David G Dehaemers JrCEOBuy400,000$29.00$11,600,000.00View SEC Filing  
5/12/2015Gary J BrauchleInsiderBuy14,500$29.00$420,500.00View SEC Filing  
5/12/2015Jeffrey A BallDirectorBuy20,000$29.00$580,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Tallgrass Energy GP, LP (NYSE:TEGP)
Latest Headlines for Tallgrass Energy GP, LP (NYSE:TEGP)
Source:
DateHeadline
americanbankingnews.com logoZacks Investment Research Downgrades Tallgrass Energy GP, LP (NYSE:TEGP) to Sell
www.americanbankingnews.com - August 8 at 12:12 PM
finance.yahoo.com logoTallgrass Energy GP LP breached its 50 day moving average in a Bearish Manner : TEGP-US : August 7, 2017
finance.yahoo.com - August 8 at 7:24 AM
finance.yahoo.com logoTallgrass Energy Partners Acquires Powder River Oil Gathering System, Continues to Expand Service Offerings in the Basin
finance.yahoo.com - August 8 at 7:24 AM
americanbankingnews.com logo Analysts Anticipate Tallgrass Energy GP, LP (TEGP) Will Post Quarterly Sales of $171.81 Million
www.americanbankingnews.com - August 5 at 9:32 AM
americanbankingnews.com logoTallgrass Energy GP, LP (TEGP) PT Raised to $35.00 at Barclays PLC
www.americanbankingnews.com - August 4 at 6:04 PM
americanbankingnews.com logoTallgrass Energy GP, LP (NYSE:TEGP) Announces Quarterly Earnings Results, Misses Estimates By $0.08 EPS
www.americanbankingnews.com - August 3 at 10:52 PM
americanbankingnews.com logoTallgrass Energy GP, LP (TEGP) Expected to Post Earnings of $0.23 Per Share
www.americanbankingnews.com - August 3 at 7:26 AM
finance.yahoo.com logoTallgrass Energy Partners Announces Strategic Acquisitions and Organic Growth Projects
finance.yahoo.com - July 27 at 8:13 AM
americanbankingnews.com logoTeekay Tankers (TNK) vs. Tallgrass Energy GP, (TEGP) Head-To-Head Comparison
www.americanbankingnews.com - July 26 at 11:06 AM
americanbankingnews.com logoTallgrass Energy GP, LP (NYSE:TEGP) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - July 26 at 10:50 AM
americanbankingnews.com logoTallgrass Energy GP, LP (TEGP) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - July 26 at 7:52 AM
americanbankingnews.com logoTallgrass Energy GP, LP (NYSE:TEGP) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 25 at 9:02 AM
americanbankingnews.com logoTallgrass Energy GP, LP (TEGP) Given a $28.00 Price Target at Scotiabank
www.americanbankingnews.com - July 23 at 10:40 PM
americanbankingnews.com logoTallgrass Energy GP, LP (NYSE:TEGP) Rating Reiterated by Stifel Nicolaus
www.americanbankingnews.com - July 15 at 11:18 AM
americanbankingnews.com logoTallgrass Energy GP, LP (NYSE:TEGP) Price Target Increased to $29.00 by Analysts at Morgan Stanley
www.americanbankingnews.com - July 14 at 3:19 PM
americanbankingnews.com logo$163.74 Million in Sales Expected for Tallgrass Energy GP, LP (NYSE:TEGP) This Quarter
www.americanbankingnews.com - July 13 at 9:18 AM
americanbankingnews.com logoZacks: Brokerages Expect Tallgrass Energy GP, LP (NYSE:TEGP) Will Post Earnings of $0.24 Per Share
www.americanbankingnews.com - July 11 at 8:22 PM
americanbankingnews.com logoBidaskClub Upgrades Tallgrass Energy GP, LP (NYSE:TEGP) to "Hold"
www.americanbankingnews.com - July 6 at 7:50 PM
americanbankingnews.com logoTallgrass Energy GP, LP (NYSE:TEGP) Plans Quarterly Dividend of $0.34
www.americanbankingnews.com - July 6 at 5:00 PM
streetinsider.com logoForm 8-K Tallgrass Energy GP, LP For: Jul 05
www.streetinsider.com - July 6 at 12:27 PM
finance.yahoo.com logoTallgrass Energy Increases Quarterly Distributions and Announces Date for Second Quarter 2017 Financial Results
finance.yahoo.com - July 6 at 12:27 PM
finance.yahoo.com logoTallgrass Energy GP LP breached its 50 day moving average in a Bearish Manner : TEGP-US : July 6, 2017
finance.yahoo.com - July 6 at 12:27 PM
americanbankingnews.com logoTallgrass Energy GP, LP (TEGP) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - June 28 at 8:22 AM
americanbankingnews.com logoTallgrass Energy GP, LP (TEGP) Upgraded by BidaskClub to Sell
www.americanbankingnews.com - June 27 at 4:04 PM
finance.yahoo.com logo5 Oil Stocks That Are Expected to Outperform The Market
finance.yahoo.com - June 22 at 7:06 PM
finance.yahoo.com logoETFs with exposure to Tallgrass Energy GP LP : June 20, 2017
finance.yahoo.com - June 21 at 6:06 AM
finance.yahoo.com logoTallgrass Energy GP LP :TEGP-US: Earnings Analysis: Q1, 2017 By the Numbers : June 19, 2017
finance.yahoo.com - June 20 at 8:29 AM
americanbankingnews.com logoZacks: Analysts Anticipate Tallgrass Energy GP, LP (TEGP) Will Announce Quarterly Sales of $163.74 Million
www.americanbankingnews.com - June 17 at 7:58 AM
americanbankingnews.com logoZacks Investment Research Upgrades Tallgrass Energy GP, LP (TEGP) to Strong-Buy
www.americanbankingnews.com - June 16 at 8:31 AM
americanbankingnews.com logo Analysts Expect Tallgrass Energy GP, LP (TEGP) to Post $0.24 EPS
www.americanbankingnews.com - June 15 at 8:22 PM
finance.yahoo.com logoTallgrass Energy Partners Lp (TEP) President and CEO David G Jr Dehaemers Bought $190,193 of Shares
finance.yahoo.com - June 6 at 11:40 PM
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - June 2 at 6:42 PM
finance.yahoo.com logoTallgrass’ Pony Express Pipeline Secures Committed Shipper for Platteville Extension in Northeast Colorado and Announces Binding Open Season
finance.yahoo.com - June 2 at 1:50 AM
finance.yahoo.com logoTallgrass Energy Partners Lp (TEP) President and CEO David G Jr Dehaemers Bought $767,467 of Shares
finance.yahoo.com - June 2 at 1:50 AM
finance.yahoo.com logoTallgrass Energy to Participate in MLPA Investor Conference
finance.yahoo.com - May 30 at 7:47 PM
finance.yahoo.com logoTallgrass Energy GP LP breached its 50 day moving average in a Bullish Manner : TEGP-US : May 24, 2017
finance.yahoo.com - May 24 at 8:54 AM
finance.yahoo.com logoETFs with exposure to Telecom Egypt : May 23, 2017
finance.yahoo.com - May 23 at 7:35 PM
finance.yahoo.com logoTelecom Egypt :TEGPY-US: Earnings Analysis: Q1, 2017 By the Numbers : May 22, 2017
finance.yahoo.com - May 22 at 7:10 PM
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) Rating Increased to C at TheStreet
www.americanbankingnews.com - May 19 at 1:38 PM
finance.yahoo.com logoTallgrass Energy Partners to Acquire Powder River Gathering System, Offering New Opportunities for Customers in the Region
finance.yahoo.com - May 17 at 8:05 PM
finance.yahoo.com logoTallgrass Energy Wins Champions of Business Award
finance.yahoo.com - May 12 at 3:39 PM
businesswire.com logoTallgrass Energy Partners Prices Offering of $350 Million of Additional Senior Notes Due 2024
www.businesswire.com - May 12 at 2:15 AM
streetinsider.com logoForm 8-K Tallgrass Energy GP, LP For: May 11
www.streetinsider.com - May 12 at 2:15 AM
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - May 8 at 4:36 PM
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS
www.americanbankingnews.com - May 4 at 5:58 PM
reuters.com logoBRIEF-Tallgrass Energy qtrly diluted net income per common unit $0.55
www.reuters.com - May 3 at 6:24 PM
finance.yahoo.com logoTallgrass Energy identifies 42 projects to fuel growth
finance.yahoo.com - May 3 at 6:24 PM
marketbeat.com logoTallgrass Energy GP beats 1Q profit forecasts
marketbeat.com - May 3 at 6:05 PM
americanbankingnews.com logoTallgrass Energy GP (TEGP) Earning Positive News Coverage, AlphaOne Reports
www.americanbankingnews.com - May 2 at 7:06 PM
finance.yahoo.com logoTelecom Egypt : TEGPY-US: Dividend Analysis : April 21st, 2017 (record date) : By the numbers : May 2, 2017
finance.yahoo.com - May 2 at 6:09 PM

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Chart

Tallgrass Energy GP, LP (TEGP) Chart for Friday, August, 18, 2017

This page was last updated on 8/18/2017 by MarketBeat.com Staff