Tallgrass Energy, 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. The company was formerly known as Tallgrass Energy GP, LP and changed its name to Tallgrass Energy, LP in June 2018. Tallgrass Energy, LP was founded in 2013 and is based in Leawood, Kansas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:TGE
CUSIPN/A
Phone913-928-6060
Debt
Debt-to-Equity Ratio1.14
Current Ratio0.66
Quick Ratio0.60
Price-To-Earnings
Trailing P/E Ratio30.43
Forward P/E Ratio18.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$655.90 million
Price / Sales9.88
Cash Flow$0.8976 per share
Price / Cash25.77
Book Value$10.95 per share
Price / Book2.11
Profitability
EPS (Most Recent Fiscal Year)$0.76
Net Income$-128,720,000.00
Net Margins-18.21%
Return on Equity2.03%
Return on Assets0.87%
Miscellaneous
EmployeesN/A
Outstanding Shares280,180,000
Market Cap$6.55 billion
Tallgrass Energy (NYSE:TGE) Frequently Asked Questions
What is Tallgrass Energy's stock symbol?
Tallgrass Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGE."
How often does Tallgrass Energy pay dividends? What is the dividend yield for Tallgrass Energy?
Tallgrass Energy announced a quarterly dividend on Tuesday, July 10th. Stockholders of record on Tuesday, July 31st will be given a dividend of $0.4975 per share on Tuesday, August 14th. This represents a $1.99 annualized dividend and a dividend yield of 8.60%. The ex-dividend date of this dividend is Monday, July 30th. This is an increase from Tallgrass Energy's previous quarterly dividend of $0.49. View Tallgrass Energy's Dividend History.
How were Tallgrass Energy's earnings last quarter?
Tallgrass Energy LP (NYSE:TGE) released its quarterly earnings data on Thursday, August, 2nd. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.38 by $0.36. The firm earned $193.59 million during the quarter, compared to the consensus estimate of $200.50 million. Tallgrass Energy had a positive return on equity of 2.03% and a negative net margin of 18.21%. View Tallgrass Energy's Earnings History.
When is Tallgrass Energy's next earnings date?
What price target have analysts set for TGE?
4 equities research analysts have issued 12 month price targets for Tallgrass Energy's stock. Their forecasts range from $26.00 to $26.00. On average, they anticipate Tallgrass Energy's share price to reach $26.00 in the next year. This suggests a possible upside of 12.4% from the stock's current price. View Analyst Price Targets for Tallgrass Energy.
What is the consensus analysts' recommendation for Tallgrass Energy?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tallgrass Energy in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tallgrass Energy.
Who are some of Tallgrass Energy's key competitors?
Some companies that are related to Tallgrass Energy include Williams Companies (WMB), Energy Transfer Equity LP Unit (ETE), Spectra Energy Partners (SEP), Targa Resources (TRGP), Western Gas Equity Partners (WGP), Enable Midstream Partners (ENBL), Western Gas Partners (WES), EnLink Midstream Partners (ENLK), EQT GP (EQGP), Antero Midstream Partners (AM), DCP Midstream (DCP), EQT Midstream Partners (EQM), Tallgrass Energy GP (TEGP), Antero Midstream GP (AMGP) and Tallgrass Energy Partners (TEP).
Who are Tallgrass Energy's key executives?
Tallgrass Energy'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)
Has Tallgrass Energy been receiving favorable news coverage?
News stories about TGE stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tallgrass Energy earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned media stories about the company an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Tallgrass Energy.
Who are Tallgrass Energy's major shareholders?
Tallgrass Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include Miller Howard Investments Inc. NY (0.52%), Walnut Private Equity Partners LLC (0.04%), Alps Advisors Inc. (0.04%), Alps Advisors Inc. (0.04%), Alps Advisors Inc. (0.04%) and Ballentine Partners LLC (0.01%). View Institutional Ownership Trends for Tallgrass Energy.
Which major investors are buying Tallgrass Energy stock?
TGE stock was acquired by a variety of institutional investors in the last quarter, including Miller Howard Investments Inc. NY, Walnut Private Equity Partners LLC, Alps Advisors Inc., Alps Advisors Inc., Alps Advisors Inc., Ballentine Partners LLC, Stokes Capital Advisors LLC and Spirit of America Management Corp NY. View Insider Buying and Selling for Tallgrass Energy.
How do I buy shares of Tallgrass Energy?
Shares of TGE 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's stock price today?
One share of TGE stock can currently be purchased for approximately $23.13.
How big of a company is Tallgrass Energy?
Tallgrass Energy has a market capitalization of $6.55 billion and generates $655.90 million in revenue each year. The 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?
Tallgrass Energy's mailing address is 4200 W. 115TH STREET SUITE 350, LEAWOOD KS, 66211. The company can be reached via phone at 913-928-6060 or via email at [email protected]
MarketBeat Community Rating for Tallgrass Energy (NYSE TGE)
MarketBeat's community ratings are surveys of what our community members think about Tallgrass Energy and other stocks. Vote "Outperform" if you believe TGE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TGE will underperform the S&P 500 over the long term. You may vote once every thirty days.
