Tallgrass Energy, LP, through its subsidiaries, provides crude oil transportation services to customers in Wyoming, Colorado, Kansas, 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.
Read More…
Industry, Sector and Symbol
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
CIKN/A
Phone913-928-6060
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$793.26 million
Profitability
Miscellaneous
Employees750
Next Earnings Date10/30/2019 (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 announced a quarterly dividend on Thursday, July 11th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.54 per share on Wednesday, August 14th. This represents a $2.16 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend is Tuesday, July 30th. This is a boost from Tallgrass Energy's previous quarterly dividend of $0.53. View Tallgrass Energy's Dividend History.
How were Tallgrass Energy's earnings last quarter?
Tallgrass Energy LP (NYSE:TGE) issued its quarterly earnings data on Wednesday, July, 31st. The company reported $0.40 EPS for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.01. The firm had revenue of $211.52 million for the quarter, compared to the consensus estimate of $226 million. Tallgrass Energy had a return on equity of 10.71% and a net margin of 29.12%. View Tallgrass Energy's Earnings History.
When is Tallgrass Energy's next earnings date?
What price target have analysts set for TGE?
9 Wall Street analysts have issued twelve-month target prices for Tallgrass Energy's stock. Their forecasts range from $19.50 to $26.00. On average, they expect Tallgrass Energy's stock price to reach $23.1875 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price. View Analyst Price Targets for Tallgrass Energy.
What is the consensus analysts' recommendation for Tallgrass Energy?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tallgrass Energy in the last year. There are currently 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tallgrass Energy.
Has Tallgrass Energy been receiving favorable news coverage?
News headlines about TGE stock have trended somewhat negative on Sunday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tallgrass Energy earned a news impact score of -1.3 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Tallgrass Energy.
Are investors shorting Tallgrass Energy?
Tallgrass Energy saw a decline in short interest during the month of August. As of August 31st, there was short interest totalling 3,628,100 shares, a decline of 35.7% from the July 31st total of 5,638,400 shares. Based on an average daily trading volume, of 1,300,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.4% of the shares of the company are short sold. View Tallgrass Energy's Current Options Chain.
Who are some of Tallgrass Energy's key competitors?
Some companies that are related to Tallgrass Energy include Western Midstream Partners (WES), Targa Resources (TRGP), EQM Midstream Partners (EQM), EQGP (EQGP), Enable Midstream Partners (ENBL), EnLink Midstream (ENLC), DCP Midstream (DCP), Antero Midstream (AM), TC Pipelines (TCP), Rattler Midstream (RTLR), USA Compression Partners (USAC), Transportadora de Gas del Sur (TGS), Archrock (AROC), CNX Midstream Partners (CNXM) and Summit Midstream Partners (SMLP).
What other stocks do shareholders of Tallgrass Energy own?
Who are Tallgrass Energy's key executives?
Tallgrass Energy's management team includes the folowing people:
- Mr. David G. Dehaemers Jr., CEO & Director of Tallgrass Energy GP, LLC (Age 58)
- Mr. William R. Moler, Pres, COO & Director of Tallgrass Energy GP, LLC (Age 53)
- Mr. Gary J. Brauchle, Exec. VP & CFO of TEGP Management, LLC (Age 45)
- 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 variety of of institutional and retail investors. Top institutional shareholders include Invesco Ltd. (8.91%), Blackstone Group Inc (8.41%), Tortoise Capital Advisors L.L.C. (6.86%), Alps Advisors Inc. (4.96%), Kayne Anderson Capital Advisors LP (2.46%) and Energy Income Partners LLC (1.28%). 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.
Which major investors are selling Tallgrass Energy stock?
TGE stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Kayne Anderson Capital Advisors LP, Miller Howard Investments Inc. NY, Jennison Associates LLC, Jennison Associates LLC, Bank of America Corp DE, Alps Advisors Inc. and RR Advisors LLC. 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.
Which major investors are buying Tallgrass Energy stock?
TGE stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Blackstone Group Inc, CIBC Private Wealth Group LLC, Brookfield Asset Management Inc., Catalyst Capital Advisors LLC, Amundi Pioneer Asset Management Inc., Energy Income Partners LLC and Pinebridge Investments L.P.. 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.
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, Robinhood, Fidelity and Charles Schwab.
What is Tallgrass Energy's stock price today?
One share of TGE stock can currently be purchased for approximately $20.07.
How big of a company is Tallgrass Energy?
Tallgrass Energy has a market capitalization of $5.65 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.
What is Tallgrass Energy's official website?
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.
