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NYSE:TGETallgrass Energy Stock Price, Forecast & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
$23.17
0.00 (0.00 %)
(As of 01/9/2019)
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Today's Range
$23.14
Now: $23.17
$24.08
50-Day Range
$12.76
MA: $19.01
$23.17
52-Week Range
$10.93
Now: $23.17
$24.88
Volume2.38 million shs
Average Volume5.75 million shs
Market Capitalization$6.53 billion
P/E Ratio16.43
Dividend YieldN/A
Beta0.9
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.
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Beat the Market (BTM) Rank

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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$868.55 million
Cash Flow$1.41 per share
Book Value$7.78 per share

Profitability

Net Income$248.81 million

Miscellaneous

Employees750
Market Cap$6.53 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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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 results on Wednesday, February, 12th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.01. The company 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 announced 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 dividend on an annualized basis and a yield of 9.50%. The ex-dividend date of this dividend 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 brokers have issued 12 month target prices for Tallgrass Energy's shares. Their forecasts range from $19.50 to $20.00. On average, they expect Tallgrass Energy's share price to reach $19.83 in the next year. This suggests that the stock has a possible downside of 14.4%. View analysts' price targets for Tallgrass Energy.

Has Tallgrass Energy been receiving favorable news coverage?

Media coverage about TGE stock has trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Tallgrass Energy earned a coverage optimism score of -1.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutTallgrass Energy.

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 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 shareholders 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, Morgan Stanley, Omni Partners LLP, Alpine Associates Management Inc., and Weiss Multi Strategy Advisers LLC. View insider buying and selling activity 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 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 $23.17.

How big of a company is Tallgrass Energy?

Tallgrass Energy has a market capitalization of $6.53 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 6/6/2020 by MarketBeat.com Staff

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