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 Pipelines
  • Sub-Industry: N/A
  • Symbol: NYSE:TEGP
  • CUSIP: N/A
  • Web: www.tallgrassenergy.com
Capitalization:
  • Market Cap: $1.57 billion
  • Outstanding Shares: 58,075,000
Average Prices:
  • 50 Day Moving Avg: $27.50
  • 200 Day Moving Avg: $26.81
  • 52 Week Range: $20.38 - $29.50
P/E:
  • Trailing P/E Ratio: 44.50
  • Foreward P/E Ratio: 24.55
  • P/E Growth: 1.48
Sales & Book Value:
  • Annual Revenue: $602.35 million
  • Price / Sales: 2.60
  • Book Value: $4.21 per share
  • Price / Book: 6.42
Dividend:
  • Annual Dividend: $1.11
  • Dividend Yield: 4.3%
Profitability:
  • EBIDTA: $346.46 million
  • Net Margins: 6.01%
  • Return on Equity: 2.26%
  • Return on Assets: 1.28%
Debt:
  • Debt-to-Equity Ratio: 0.87%
  • Current Ratio: 0.86%
  • Quick Ratio: 0.74%
Misc:
  • Average Volume: 141,884 shs.
  • Beta: 2.21
  • Short Ratio: 14.35
 

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 Monday, April 17th. Investors of record on Friday, April 28th will be given a dividend of $0.287 per share on Monday, May 15th. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Wednesday, April 26th. This is a boost from Tallgrass Energy GP LP's previous quarterly dividend of $0.28. View Tallgrass Energy GP LP's Dividend History.

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

Tallgrass Energy GP LP (NYSE:TEGP) announced its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.05. The business had revenue of $144.40 million for the quarter, compared to the consensus estimate of $165.67 million. Tallgrass Energy GP LP had a net margin of 6.01% and a return on equity of 2.26%. 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 analysts have issued 12-month price objectives for Tallgrass Energy GP LP's stock. Their predictions range from $23.00 to $32.00. On average, they expect Tallgrass Energy GP LP's stock price to reach $28.38 in the next twelve months. View Analyst Ratings for Tallgrass Energy GP LP.

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

When did Tallgrass Energy GP LP IPO?

(TEGP) raised $900 million in an IPO 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 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.

Who owns Tallgrass Energy GP LP stock?

Tallgrass Energy GP LP's stock is owned by a number of of retail and institutional investors. Top institutional investors include OppenheimerFunds Inc. (20.64%), Kayne Anderson Capital Advisors LP (9.80%), Jennison Associates LLC (5.32%), Eagle Global Advisors LLC (4.00%), Massachusetts Financial Services Co. MA (3.01%) and Commonwealth of Pennsylvania Public School Empls Retrmt SYS (2.01%). 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 Morgan Stanley, Jennison Associates LLC, Advisors Capital Management LLC, Massachusetts Financial Services Co. MA, Vanguard Group Inc., Credit Suisse AG, OppenheimerFunds Inc. and UBS Group AG. 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 purchased by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Atlantic Trust Group LLC, Renaissance Technologies LLC, Global X Management Co. LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, HITE Hedge Asset Management LLC, Citadel Advisors LLC and Bank of America Corp DE. 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.

How much does a share of Tallgrass Energy GP LP stock cost?

One share of Tallgrass Energy GP LP stock can currently be purchased for approximately $27.01.


MarketBeat Community Rating for Tallgrass Energy GP LP (NYSE:TEGP)
Community Ranking:  2.4 out of 5 ( )
Outperform Votes:  90 (Vote Outperform)
Underperform Votes:  99 (Vote Underperform)
Total Votes:  189
These ratings are a survey of what our community members think about Tallgrass Energy GP LP. An outperform vote indicates that you believe the stock will outperform the S&P 500 over the long term. An underperform vote indicates that you believe the stock will underperform the S&P 500.

Analyst Ratings

Consensus Ratings for Tallgrass Energy GP LP (NYSE:TEGP) (?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $28.38 (5.05% upside)

Analysts' Ratings History for Tallgrass Energy GP LP (NYSE:TEGP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/27/2017ScotiabankReiterated RatingHold$28.00MediumView Rating Details
4/21/2017MacquarieInitiated CoverageOutperform$32.00LowView Rating Details
4/20/2017Mitsubishi UFJ Financial GroupReiterated RatingNeutral$32.00LowView Rating Details
3/17/2017Royal Bank of CanadaReiterated RatingHold$30.00LowView Rating Details
2/21/2017Stifel NicolausUpgradeHold -> BuyN/AView Rating Details
12/15/2016Howard WeilDowngradeSector PerformN/AView Rating Details
12/15/2016Goldman Sachs Group IncDowngradeNeutral -> Sell$25.00 -> $23.00N/AView Rating Details
8/6/2016Credit Suisse Group AGSet Price TargetBuy$28.00N/AView Rating Details
7/28/2016Barclays PLCBoost Price TargetOverweight$23.00 -> $28.00N/AView Rating Details
5/18/2016Citigroup IncReiterated 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 Corp.Initiated CoverageEqual Weight$33.00N/AView Rating Details
7/1/2015Evercore ISIInitiated CoverageHold$33.00N/AView Rating Details
6/30/2015Evercore Partners Inc.Initiated CoverageHold$33.00N/AView Rating Details
6/1/2015Bank of America CorpInitiated CoverageBuy$35.00N/AView Rating Details
6/1/2015Wells Fargo & CoInitiated CoverageMarket PerformN/AView Rating Details
(Data available from 5/28/2015 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
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: $0.98 EPS
Next Year EPS Consensus Estimate: $1.10 EPS

Dividends

Current Dividend Information for Tallgrass Energy GP LP (NYSE:TEGP)
Most Recent Dividend:5/15/2017
Annual Dividend:$1.11
Dividend Yield:4.11%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:148.00% (Trailing 12 Months of Earnings)
113.27% (Based on This Year's Estimates)
100.91% (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
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: 83.30%
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
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
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) to Release Earnings on Wednesday
www.americanbankingnews.com - May 1 at 7:04 PM
americanbankingnews.com logoTallgrass Energy GP's (TEGP) "Hold" Rating Reaffirmed at Scotiabank
www.americanbankingnews.com - April 30 at 9:10 PM
americanbankingnews.com logoZacks Investment Research Lowers Tallgrass Energy GP LP (TEGP) to Hold
www.americanbankingnews.com - April 30 at 8:14 AM
americanbankingnews.com logoTallgrass Energy GP (TEGP) Getting Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 29 at 7:21 PM
americanbankingnews.com logo$165.67 Million in Sales Expected for Tallgrass Energy GP LP (TEGP) This Quarter
www.americanbankingnews.com - April 29 at 7:59 AM
americanbankingnews.com logo Analysts Anticipate Tallgrass Energy GP LP (TEGP) Will Announce Earnings of $0.16 Per Share
www.americanbankingnews.com - April 28 at 12:50 AM
americanbankingnews.com logoTallgrass Energy GP (TEGP) Getting Positive Media Coverage, AlphaOne Reports
www.americanbankingnews.com - April 26 at 7:32 PM
finance.yahoo.com logoTallgrass Energy GP LP : TEGP-US: Dividend Analysis : April 28th, 2017 (record date) : By the numbers : April 26, 2017
finance.yahoo.com - April 26 at 4:38 PM
americanbankingnews.com logoTallgrass Energy GP (TEGP) Earns Daily News Sentiment Rating of 0.48
www.americanbankingnews.com - April 23 at 12:17 PM
finance.yahoo.com logoTallgrass Energy GP LP – Value Analysis (NYSE:TEGP) : April 21, 2017
finance.yahoo.com - April 21 at 7:58 PM
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) Earns Outperform Rating from Analysts at Macquarie
www.americanbankingnews.com - April 21 at 10:53 AM
finance.yahoo.com logoTallgrass Energy GP LP breached its 50 day moving average in a Bearish Manner : TEGP-US : April 20, 2017
finance.yahoo.com - April 21 at 7:33 AM
americanbankingnews.com logoTallgrass Energy GP's (TEGP) "Neutral" Rating Reiterated at Mitsubishi UFJ Financial Group
www.americanbankingnews.com - April 20 at 11:01 AM
americanbankingnews.com logoTallgrass Energy GP LP (tegp) Plans Dividend of $0.29
www.americanbankingnews.com - April 18 at 9:18 AM
americanbankingnews.com logoTallgrass Energy GP (TEGP) Receiving Somewhat Positive News Coverage, Study Shows
www.americanbankingnews.com - April 17 at 4:39 PM
finance.yahoo.com logoTallgrass Energy Increases Quarterly Distributions and Announces Date for First Quarter 2017 Financial Results
finance.yahoo.com - April 17 at 8:42 AM
americanbankingnews.com logoTallgrass Energy GP (TEGP) Receives Daily Media Impact Score of 0.42
www.americanbankingnews.com - April 14 at 5:41 PM
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) Upgraded at Zacks Investment Research
www.americanbankingnews.com - April 13 at 11:19 AM
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - April 11 at 4:35 PM
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) Expected to Post Quarterly Sales of $166.75 Million
www.americanbankingnews.com - April 8 at 9:04 AM
finance.yahoo.com logoTallgrass Energy Named One of Colorado’s Top Workplaces for Third Consecutive Year
finance.yahoo.com - April 7 at 12:57 PM
americanbankingnews.com logo Analysts Anticipate Tallgrass Energy GP LP (TEGP) Will Post Earnings of $0.17 Per Share
www.americanbankingnews.com - April 6 at 6:15 PM
finance.yahoo.com logoTallgrass Energy Partners Acquires Approximate 25 Percent Interest in Rockies Express Pipeline
finance.yahoo.com - April 3 at 8:01 AM
biz.yahoo.com logoTALLGRASS ENERGY GP, LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or
biz.yahoo.com - April 3 at 8:01 AM
americanbankingnews.com logoTallgrass Energy GP LP (TEGP) Receives Hold Rating from Royal Bank of Canada
www.americanbankingnews.com - March 23 at 7:53 AM
finance.yahoo.com logoTallgrass Energy Takes Home Alerian MLP Award at Industry Recognition Event
finance.yahoo.com - March 7 at 8:48 AM
seekingalpha.com logoTallgrass Energy's (TEGP) CEO David Dehaemers on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 17 at 7:08 PM
biz.yahoo.com logoQ1 2017 Tallgrass Energy GP LP Earnings Release - After Market Close
biz.yahoo.com - February 16 at 8:00 PM
biz.yahoo.com logoQ1 2017 Tallgrass Energy GP LP Earnings Release - After Market Close
biz.yahoo.com - February 16 at 8:00 PM
nasdaq.com logoCash Dividend On The Way From Tallgrass Energy GP
www.nasdaq.com - January 31 at 3:52 AM
streetinsider.com logoForm 8-K Tallgrass Energy GP, LP For: Jan 17
www.streetinsider.com - January 17 at 11:41 PM
us.rd.yahoo.com logoTallgrass Energy GP downgraded by Goldman
us.rd.yahoo.com - December 17 at 2:53 AM
capitalcube.com logoTallgrass Energy GP LP – Value Analysis (NYSE:TEGP) : December 6, 2016
us.rd.yahoo.com - December 7 at 8:15 AM
biz.yahoo.com logoTALLGRASS ENERGY GP, LP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - December 6 at 5:24 AM
finance.yahoo.com logoTallgrass Energy to Participate in Wells Fargo Pipeline, MLP and Utility Symposium
finance.yahoo.com - December 5 at 3:16 PM

Social

Chart

Tallgrass Energy GP LP (TEGP) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff