NYSE:TGE - Tallgrass Energy Stock Price, News, & Analysis

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$23.39 +0.15 (+0.65 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$23.39
Today's Range$23.33 - $23.64
52-Week Range$17.14 - $26.35
Volume633,711 shs
Average Volume1.18 million shs
Market Capitalization$6.55 billion
P/E Ratio18.42
Dividend Yield8.95%
Beta0.98
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.

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Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
CIKN/A
Phone913-928-6060

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$793.26 million
Cash Flow$0.9144 per share
Book Value$7.91 per share

Profitability

Net Income$137.12 million

Miscellaneous

EmployeesN/A
Market Cap$6.55 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

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 declared a quarterly dividend on Tuesday, January 15th. Shareholders of record on Thursday, January 31st will be given a dividend of $0.52 per share on Thursday, February 14th. This represents a $2.08 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date is Wednesday, January 30th. This is a boost from Tallgrass Energy's previous quarterly dividend of $0.51. 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 Friday, February, 8th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.04. The business had revenue of $220.26 million for the quarter, compared to analyst estimates of $210.60 million. Tallgrass Energy had a return on equity of 6.15% and a net margin of 17.29%. View Tallgrass Energy's Earnings History.

When is Tallgrass Energy's next earnings date?

Tallgrass Energy is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Tallgrass Energy.

What price target have analysts set for TGE?

8 Wall Street analysts have issued 1 year price targets for Tallgrass Energy's stock. Their predictions range from $22.00 to $27.00. On average, they expect Tallgrass Energy's stock price to reach $25.4286 in the next year. This suggests a possible upside of 8.7% from the stock's current price. View Analyst Price Targets for Tallgrass Energy.

What is the consensus analysts' recommendation for Tallgrass Energy?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tallgrass Energy in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tallgrass Energy.

Has Tallgrass Energy been receiving favorable news coverage?

Headlines about TGE stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tallgrass Energy earned a daily sentiment score of -1.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the next few days.

Who are some of Tallgrass Energy's key competitors?

What other stocks do shareholders of Tallgrass Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tallgrass Energy investors own include Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), Enbridge (ENB), AT&T (T), Mplx (MPLX), New Residential Investment (NRZ), Blackstone Group (BX), Ares Capital (ARCC), Ladder Capital (LADR) and Main Street Capital (MAIN).

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 58)
  • Mr. Gary J. Brauchle, Exec. VP & CFO of TEGP Management, LLC (Age 45)
  • Mr. William R. Moler, Exec. VP, COO & Director of TEGP Management, LLC (Age 53)
  • Mr. Gary D. Watkins, VP & Chief Accounting Officer of TEGP Management, LLC (Age 47)
  • Mr. Christopher R. Jones, Exec. VP, Gen. Counsel & Sec. of TEGP Management, LLC (Age 42)

Who are Tallgrass Energy's major shareholders?

Tallgrass Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (8.57%), Alps Advisors Inc. (5.27%), Kayne Anderson Capital Advisors LP (3.15%), Jennison Associates LLC (1.34%), RR Advisors LLC (1.14%) and Bank of America Corp DE (1.01%). Company insiders that own Tallgrass Energy stock include David G Dehaemers Jr and Jeffrey A Ball. View Institutional Ownership Trends for Tallgrass Energy.

Which institutional investors are buying Tallgrass Energy stock?

TGE stock was purchased by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Alps Advisors Inc., Kayne Anderson Capital Advisors LP, Jennison Associates LLC, RR Advisors LLC, Bank of America Corp DE, Duff & Phelps Investment Management Co. and Eagle Global Advisors LLC. Company insiders that have bought Tallgrass Energy stock in the last two years include David G Dehaemers Jr and Jeffrey A Ball. 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 $23.39.

How big of a company is Tallgrass Energy?

Tallgrass Energy has a market capitalization of $6.55 billion and generates $793.26 million in revenue each year. The company earns $137.12 million in net income (profit) each year or $1.27 on an earnings per share basis.

What is Tallgrass Energy's official website?

The official website for Tallgrass Energy is http://www.tallgrassenergylp.com.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  192 (Vote Outperform)
Underperform Votes:  218 (Vote Underperform)
Total Votes:  410
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.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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