NYSE:TEGP - Tallgrass Energy GP Stock Price, Price Target & More

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$22.17 +0.39 (+1.79 %)
(As of 06/22/2018 02:38 PM ET)
Previous Close$22.03
Today's Range$21.75 - $22.22
52-Week Range$17.14 - $28.94
Volume29,153 shs
Average Volume505,532 shs
Market Capitalization$4.07 billion
P/E Ratio29.07
Dividend Yield8.86%
Beta1.88
Tallgrass Energy GP logoTallgrass Energy GP, LP, through its interests in Tallgrass Equity, LLC, provides crude oil transportation services to customers in Wyoming, Colorado, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling. It also provides natural gas transportation and storage services for customers in the Rocky Mountain, Midwest, and Appalachian regions; natural gas and crude oil gathering and processing services for customers in Wyoming; and natural gas liquids (NGLs) transportation services in Northeast Colorado and Wyoming. In addition, the company offers water business services, including freshwater transportation, and produced water gathering and disposal in Colorado, Texas, and Wyoming; crude oil storage and terminalling services in Colorado; and marketing services for NGLs and crude oil. Tallgrass Energy GP, LP was founded in 2013 and is based in Leawood, Kansas.

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Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:TEGP
CUSIPN/A
Phone913-928-6060

Debt

Debt-to-Equity Ratio1.08
Current Ratio0.63
Quick Ratio0.52

Price-To-Earnings

Trailing P/E Ratio29.07
Forward P/E Ratio19.62
P/E GrowthN/A

Sales & Book Value

Annual Sales$655.90 million
Price / Sales6.25
Cash Flow$0.9146 per share
Price / Cash24.24
Book Value$10.95 per share
Price / Book2.02

Profitability

EPS (Most Recent Fiscal Year)$0.76
Net Income$-128,720,000.00
Net Margins-17.96%
Return on Equity2.54%
Return on Assets1.09%

Miscellaneous

EmployeesN/A
Outstanding Shares184,790,000

Tallgrass Energy GP (NYSE:TEGP) Frequently Asked Questions

What is Tallgrass Energy GP's stock symbol?

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

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

Tallgrass Energy GP declared a quarterly dividend on Monday, March 26th. Investors of record on Monday, April 30th will be paid a dividend of $0.488 per share on Tuesday, May 15th. This represents a $1.95 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date of this dividend is Friday, April 27th. This is a boost from Tallgrass Energy GP's previous quarterly dividend of $0.37. View Tallgrass Energy GP's Dividend History.

How were Tallgrass Energy GP's earnings last quarter?

Tallgrass Energy GP LP (NYSE:TEGP) posted its quarterly earnings data on Thursday, May, 3rd. The pipeline company reported $0.29 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.06. The pipeline company earned $179.09 million during the quarter. Tallgrass Energy GP had a positive return on equity of 2.54% and a negative net margin of 17.96%. View Tallgrass Energy GP's Earnings History.

What price target have analysts set for TEGP?

8 Wall Street analysts have issued 12-month price targets for Tallgrass Energy GP's stock. Their predictions range from $21.00 to $30.00. On average, they expect Tallgrass Energy GP's share price to reach $24.3750 in the next twelve months. View Analyst Ratings for Tallgrass Energy GP.

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

Who are Tallgrass Energy GP's key executives?

Tallgrass Energy GP's management team includes the folowing people:
  • Mr. David G. Dehaemers Jr., Pres, CEO & Director of TEGP Management, LLC (Age 57)
  • Mr. Gary J. Brauchle, Exec. VP & CFO of TEGP Management, LLC (Age 44)
  • Mr. William R. Moler, Exec. VP, COO & Director of TEGP Management, LLC (Age 52)
  • Mr. Gary D. Watkins, VP & Chief Accounting Officer of TEGP Management, LLC (Age 46)
  • Mr. Christopher R. Jones, Exec. VP, Gen. Counsel & Sec. of TEGP Management, LLC (Age 41)

When did Tallgrass Energy GP IPO?

(TEGP) raised $900 million in an initial public offering (IPO) on Thursday, May 7th 2015. The company issued 35,300,000 shares at $24.00-$27.00 per share. Citigroup and Goldman Sachs acted 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.

Has Tallgrass Energy GP been receiving favorable news coverage?

Media stories about TEGP stock have trended somewhat positive on Friday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tallgrass Energy GP earned a media sentiment score of 0.17 on Accern's scale. They also gave news articles about the pipeline company an impact score of 45.71 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are Tallgrass Energy GP's major shareholders?

Tallgrass Energy GP's stock is owned by many different of retail and institutional investors. Top institutional investors include OppenheimerFunds Inc. (7.62%), Kayne Anderson Capital Advisors LP (2.47%), Tortoise Capital Advisors L.L.C. (2.13%), Eagle Global Advisors LLC (1.05%), Millennium Management LLC (0.53%) and Massachusetts Financial Services Co. MA (0.37%). Company insiders that own Tallgrass Energy GP stock include David G Dehaemers Jr, Jeffrey A Ball, John T Raymond, Kelso Gp Viii, Llc and Thomas A Gerke. View Institutional Ownership Trends for Tallgrass Energy GP.

Which major investors are selling Tallgrass Energy GP stock?

TEGP stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Eagle Global Advisors LLC, Atlantic Trust Group LLC, Catalyst Capital Advisors LLC, Global X Management Co. LLC, Brasada Capital Management LP, BlackRock Inc. and Group One Trading L.P.. View Insider Buying and Selling for Tallgrass Energy GP.

Which major investors are buying Tallgrass Energy GP stock?

TEGP stock was acquired by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Tortoise Capital Advisors L.L.C., Millennium Management LLC, Fort Washington Investment Advisors Inc. OH, Citadel Advisors LLC, JPMorgan Chase & Co., Wells Fargo & Company MN and Oxbow Advisors LLC. Company insiders that have bought Tallgrass Energy GP stock in the last two years include David G Dehaemers Jr, Jeffrey A Ball and Thomas A Gerke. View Insider Buying and Selling for Tallgrass Energy GP.

How do I buy shares of Tallgrass Energy GP?

Shares of TEGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tallgrass Energy GP's stock price today?

One share of TEGP stock can currently be purchased for approximately $22.17.

How big of a company is Tallgrass Energy GP?

Tallgrass Energy GP has a market capitalization of $4.07 billion and generates $655.90 million in revenue each year. The pipeline company earns $-128,720,000.00 in net income (profit) each year or $0.76 on an earnings per share basis.

How can I contact Tallgrass Energy GP?

Tallgrass Energy GP's mailing address is 4200 W. 115TH STREET SUITE 350, LEAWOOD KS, 66211. The pipeline company can be reached via phone at 913-928-6060 or via email at [email protected]


MarketBeat Community Rating for Tallgrass Energy GP (TEGP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  232 (Vote Outperform)
Underperform Votes:  220 (Vote Underperform)
Total Votes:  452
MarketBeat's community ratings are surveys of what our community members think about Tallgrass Energy GP and other stocks. Vote "Outperform" if you believe TEGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TEGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/22/2018 by MarketBeat.com Staff

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