NYSE:TGETallgrass Energy Stock Price, Forecast & News Notice: This company has been marked as potentially delisted and may not be actively trading. Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Tallgrass Energy LP Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $22.39 0.00 (0.00 %) (As of 05/25/2020 04:00 PM ET) Add Compare Share Today's Range$22.39Now: $22.39▼$22.3950-Day Range$12.76MA: $19.01▼$23.1752-Week Range$10.93Now: $22.39▼$24.88VolumeN/AAverage Volume5.75 million shsMarket Capitalization$6.31 billionP/E Ratio15.88Dividend YieldN/ABeta0.9 ProfileAnalyst RatingsDividendEarningsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSocial Media 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. In addition, the company offers water business services, including freshwater transportation, and produced water gathering and disposal in Colorado, Texas, Wyoming, and North Dakota; crude oil storage and terminalling services in Colorado, Oklahoma, and Kansas; 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.Read More Beat the Market (BTM) Rank™ 0.9 Analyst's Opinion Consensus RatingTallgrass Energy has received a consensus rating of Hold. The company's average rating score is 1.88, and is based on no buy ratings, 7 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.83, Tallgrass Energy has a potential downside of 11.4% from its current price of $22.39.Amount of Analyst CoverageTallgrass Energy has received no research coverage in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesTallgrass Energy has received 324 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTallgrass Energy has received 395 “underperform” votes. (Add your “underperform” vote.)Community SentimentTallgrass Energy has received 54.94% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldTallgrass Energy does not currently pay a dividend.Dividend GrowthTallgrass Energy has only been increasing its dividend for 4 years. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tallgrass Energy insiders have bought 125,550.12% more of their company's stock than they have sold. Specifically, they have bought $3,429,687,869.00 in company stock and sold $2,729,554.00 in company stock.Percentage Held by InsidersOnly 28.59% of the stock of Tallgrass Energy is held by insiders.Percentage Held by Institutions55.55% of the stock of Tallgrass Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Tallgrass Energy are expected to decrease by -28.75% in the coming year, from $0.80 to $0.57 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tallgrass Energy is 15.88, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Tallgrass Energy is 15.88, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.37.Price to Book Value per Share RatioTallgrass Energy has a P/B Ratio of 2.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.9Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.45 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Natural gas transmission Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:TGE Previous Symbol CUSIPN/A CIKN/A Webwww.tallgrassenergylp.com Phone913-928-6060Debt Debt-to-Equity Ratio1.57 Current Ratio0.75 Quick Ratio0.66Price-To-Earnings Trailing P/E Ratio15.88 Forward P/E Ratio27.99 P/E GrowthN/A Sales & Book Value Annual Sales$868.55 million Price / Sales7.26 Cash Flow$1.36 per share Price / Cash Flow16.41 Book Value$7.78 per share Price / Book2.88Profitability EPS (Most Recent Fiscal Year)$1.42 Net Income$248.81 million Net Margins28.65% Return on Equity11.02% Return on Assets4.03%Miscellaneous Employees750 Outstanding Shares281,768,000Market Cap$6.31 billion Next Earnings Date7/23/2020 (Estimated) OptionableOptionable Receive TGE News and Ratings via Email Sign-up to receive the latest news and ratings for TGE and its competitors with MarketBeat's FREE daily newsletter. Tallgrass Energy (NYSE:TGE) Frequently Asked Questions Do Wall Street analysts recommend investors buy shares of 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 and 7 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Tallgrass Energy. When is Tallgrass Energy's next earnings date? Tallgrass Energy is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Tallgrass Energy. How were Tallgrass Energy's earnings last quarter? Tallgrass Energy LP (NYSE:TGE) posted its quarterly earnings data on Wednesday, February, 12th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.32 by $0.01. The business earned $232.96 million during the quarter, compared to analysts' expectations of $229.50 million. Tallgrass Energy had a net margin of 28.65% and a return on equity of 11.02%. View Tallgrass Energy's earnings history. How often does Tallgrass Energy pay dividends? What is the dividend yield for Tallgrass Energy? Tallgrass Energy declared a quarterly dividend on Thursday, October 10th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.55 per share on Thursday, November 14th. This represents a $2.20 annualized dividend and a yield of 9.83%. The ex-dividend date is Wednesday, October 30th. This is a positive change from Tallgrass Energy's previous quarterly dividend of $0.54. View Tallgrass Energy's dividend history. What price target have analysts set for TGE? 8 brokerages have issued 12 month price objectives for Tallgrass Energy's stock. Their forecasts range from $19.50 to $20.00. On average, they anticipate Tallgrass Energy's share price to reach $19.83 in the next twelve months. This suggests that the stock has a possible downside of 11.4%. View analysts' price targets for Tallgrass Energy. Has Tallgrass Energy been receiving favorable news coverage? Media stories about TGE stock have trended negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Tallgrass Energy earned a news impact score of -2.7 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTallgrass Energy. Who are some of Tallgrass Energy's key competitors? Some companies that are related to Tallgrass Energy include Williams Companies (WMB), Energy Transfer LP Unit (ET), Targa Resources (TRGP), Western Midstream Partners (WES), EQM Midstream Partners (EQM), TC Pipelines (TCP), Antero Midstream (AM), DCP Midstream (DCP), Enable Midstream Partners (ENBL), Rattler Midstream (RTLR), EnLink Midstream (ENLC), USA Compression Partners (USAC), Archrock (AROC), Transportadora de Gas del Sur (TGS) and CNX Midstream Partners (CNXM). View all 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 AT&T (T), AbbVie (ABBV), Exxon Mobil (XOM), Verizon Communications (VZ), Enbridge (ENB), Chevron (CVX), Gilead Sciences (GILD), Energy Transfer LP Unit (ET), Altria Group (MO) and NVIDIA (NVDA). Who are Tallgrass Energy's key executives? Tallgrass Energy's management team includes the following 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) What is Tallgrass Energy's stock symbol? Tallgrass Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGE." Who are Tallgrass Energy's major shareholders? Tallgrass Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Harvest Fund Advisors LLC (2.95%), JPMorgan Chase & Co. (1.73%), Water Island Capital LLC (1.31%), CNH Partners LLC (1.10%), Gabelli Funds LLC (1.10%) and IndexIQ Advisors LLC (0.98%). Company insiders that own Tallgrass Energy stock include Christopher R Jones, 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 Alps Advisors Inc., Tortoise Capital Advisors L.L.C., UBS Group AG, Morgan Stanley, Omni Partners LLP, Alpine Associates Management Inc., Weiss Multi Strategy Advisers LLC, and Canada Pension Plan Investment Board. View insider buying and selling activity for Tallgrass Energy. Which major investors are buying Tallgrass Energy stock? TGE stock was purchased by a variety of institutional investors in the last quarter, including Harvest Fund Advisors LLC, Water Island Capital LLC, IndexIQ Advisors LLC, Alyeska Investment Group L.P., Deutsche Bank AG, Alpine Global Management LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, and Wells Fargo & Company MN. 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 activity for Tallgrass Energy. What is Tallgrass Energy's stock price today? One share of TGE stock can currently be purchased for approximately $22.39. How big of a company is Tallgrass Energy? Tallgrass Energy has a market capitalization of $6.31 billion and generates $868.55 million in revenue each year. The company earns $248.81 million in net income (profit) each year or $1.42 on an earnings per share basis. Tallgrass Energy employs 750 workers across the globe. What is Tallgrass Energy's official website? The official website for Tallgrass Energy is 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] This page was last updated on 5/26/2020 by MarketBeat.com Staff
