NYSE:TGE

Tallgrass Energy (TGE) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$21.56
$22.41
50-Day Range
$12.76
$23.17
52-Week Range
$10.93
$24.88
Volume
40.38 million shs
Average Volume
5.75 million shs
Market Capitalization
$6.31 billion
P/E Ratio
15.88
Dividend Yield
9.83%
Price Target
N/A
TGE stock logo

About Tallgrass Energy Stock (NYSE:TGE)

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.

TGE Stock News Headlines

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Company Calendar

Last Earnings
2/12/2020
Today
4/22/2024

Industry, Sector and Symbol

Industry
Natural Gas Transmission
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
750
Year Founded
N/A

Profitability

Net Income
$248.81 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$868.55 million
Cash Flow
$1.36 per share
Book Value
$7.78 per share

Miscellaneous

Free Float
N/A
Market Cap
$6.31 billion
Optionable
Optionable
Beta
0.90
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Key Executives

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

TGE Stock Analysis - Frequently Asked Questions

How were Tallgrass Energy's earnings last quarter?

Tallgrass Energy LP (NYSE:TGE) released its quarterly earnings data on Wednesday, February, 12th. The company reported $0.31 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 the consensus estimate of $229.50 million. Tallgrass Energy had a net margin of 28.65% and a trailing twelve-month return on equity of 11.02%.

Is Tallgrass Energy a good dividend stock?

Tallgrass Energy (NYSE:TGE) pays an annual dividend of $2.20 per share and currently has a dividend yield of 9.83%. TGE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 154.93%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TGE will have a dividend payout ratio of 385.96% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TGE.

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), NVIDIA (NVDA), Verizon Communications (VZ), Chevron (CVX), Johnson & Johnson (JNJ), Home Depot (HD), Wells Fargo & Company (WFC), Bank of America (BAC) and Applied Materials (AMAT).

This page (NYSE:TGE) was last updated on 4/23/2024 by MarketBeat.com Staff

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