Tallgrass Energy Stock Price, Forecast & Analysis (NYSE:TGE)

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

Tallgrass Energy declared a quarterly dividend on Thursday, October 10th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.55 per share on Thursday, November 14th. This represents a $2.20 annualized dividend and a yield of 12.42%. The ex-dividend date of this dividend is Wednesday, October 30th. This is a boost from Tallgrass Energy's previous quarterly dividend of $0.54. View Tallgrass Energy's Dividend History.

Tallgrass Energy LP (NYSE:TGE) posted its quarterly earnings data on Wednesday, October, 30th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by $0.02. The business earned $226.71 million during the quarter, compared to the consensus estimate of $229.80 million. Tallgrass Energy had a net margin of 29.74% and a return on equity of 11.24%. View Tallgrass Energy's Earnings History.

Tallgrass Energy is scheduled to release their next quarterly earnings announcement on Friday, February 14th 2020. View Earnings Estimates for Tallgrass Energy.

11 Wall Street analysts have issued twelve-month price objectives for Tallgrass Energy's shares. Their forecasts range from $19.50 to $26.00. On average, they expect Tallgrass Energy's share price to reach $21.70 in the next year. This suggests a possible upside of 22.5% from the stock's current price. View Analyst Price Targets for Tallgrass Energy.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tallgrass Energy in the last year. There are currently 11 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tallgrass Energy.

News coverage about TGE stock has trended positive on Wednesday, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tallgrass Energy earned a news impact score of 2.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Tallgrass Energy.

Tallgrass Energy saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,690,000 shares, a decrease of 5.6% from the September 30th total of 3,910,000 shares. Based on an average daily trading volume, of 2,450,000 shares, the short-interest ratio is currently 1.5 days. Currently, 2.5% of the shares of the company are short sold. View Tallgrass Energy's Current Options Chain.

Some companies that are related to Tallgrass Energy include Targa Resources (TRGP), Western Midstream Partners (WES), EQM Midstream Partners (EQM), Enable Midstream Partners (ENBL), DCP Midstream (DCP), TC Pipelines (TCP), Antero Midstream (AM), EnLink Midstream (ENLC), Rattler Midstream (RTLR), USA Compression Partners (USAC), Archrock (AROC), Transportadora de Gas del Sur (TGS), CNX Midstream Partners (CNXM) and Summit Midstream Partners (SMLP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tallgrass Energy investors own include AT&T (T), Enterprise Products Partners (EPD), Verizon Communications (VZ), Energy Transfer LP Unit (ET), AbbVie (ABBV), Enbridge (ENB), Mplx (MPLX), Kinder Morgan (KMI), New Residential Investment (NRZ) and Micron Technology (MU).

Tallgrass Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (6.75%), Kayne Anderson Capital Advisors LP (0.89%), Duff & Phelps Investment Management Co. (0.46%), Oxbow Advisors LLC (0.34%), Miller Howard Investments Inc. NY (0.31%) and Assenagon Asset Management S.A. (0.21%). Company insiders that own Tallgrass Energy stock include David G Dehaemers Jr, Enagas USA Llc, Gary D Watkins, Gary J Brauchle, Holdings LP Blackstone III, Infrastructure Asso Blackstone, Jeffrey A Ball, John T Raymond and Private Ltd Gic. View Institutional Ownership Trends for Tallgrass Energy.

TGE stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, CIBC Private Wealth Group LLC, Oxbow Advisors LLC, Northwestern Mutual Investment Management Company LLC, Duff & Phelps Investment Management Co., Catalyst Capital Advisors LLC, Dividend Assets Capital LLC and Spirit of America Management Corp NY. Company insiders that have sold Tallgrass Energy company stock in the last year include Gary D Watkins, Gary J Brauchle and John T Raymond. View Insider Buying and Selling for Tallgrass Energy.

TGE stock was bought by a variety of institutional investors in the last quarter, including Alps Advisors Inc., Assenagon Asset Management S.A., Tiedemann Advisors LLC, Alberta Investment Management Corp, Towerview LLC, Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC. and Havens Advisors LLC. Company insiders that have bought Tallgrass Energy stock in the last two years include David G Dehaemers Jr, Enagas USA Llc, Holdings LP Blackstone III, Infrastructure Asso Blackstone, Jeffrey A Ball and Private Ltd Gic. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of TGE stock can currently be purchased for approximately $17.71.

Tallgrass Energy has a market capitalization of $4.98 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. Tallgrass Energy employs 750 workers across the globe.View Additional Information About Tallgrass Energy.

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

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]