Today, 5,058,497 Shares of Tallgrass Energy GP LP (TEGP) Stock are sold by Kelso Gp Viii, Llc

Today, 5,058,497 Shares of Tallgrass Energy GP LP (TEGP) Stock are sold by Kelso Gp Viii, Llc
Tallgrass Energy GP LP (NYSE:TEGP) major shareholder Kelso Gp Viii, Llc sold 5,058,497 shares of Tallgrass Energy GP stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $21.85, for a total transaction of $110,528,159.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Tallgrass Energy GP LP (NYSE:TEGP) opened at 24.22 on Friday. The stock has a 50 day moving average of $24.30 and a 200 day moving average of $23.82. The firm has a market cap of $1.16 billion, a P/E ratio of 32.34 and a beta of 2.24. Tallgrass Energy GP LP has a 52 week low of $9.66 and a 52 week high of $27.29.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 31st were paid a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Thursday, October 27th. This is a boost from Tallgrass Energy GP’s previous quarterly dividend of $0.25. Tallgrass Energy GP’s dividend payout ratio is 140.00%.

A number of large investors have recently bought and sold shares of TEGP. Chicago Partners Investment Group LLC boosted its stake in Tallgrass Energy GP by 0.7% in the second quarter. Chicago Partners Investment Group LLC now owns 11,250 shares of the company’s stock worth $254,000 after buying an additional 81 shares during the period. Van ECK Associates Corp boosted its stake in Tallgrass Energy GP by 1.0% in the second quarter. Van ECK Associates Corp now owns 57,945 shares of the company’s stock worth $1,308,000 after buying an additional 601 shares during the period. Teacher Retirement System of Texas boosted its stake in Tallgrass Energy GP by 10.3% in the second quarter. Teacher Retirement System of Texas now owns 6,500 shares of the company’s stock worth $147,000 after buying an additional 605 shares during the period. BlackRock Group LTD boosted its stake in Tallgrass Energy GP by 4.0% in the third quarter. BlackRock Group LTD now owns 21,703 shares of the company’s stock worth $522,000 after buying an additional 837 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its stake in Tallgrass Energy GP by 0.3% in the second quarter. Duff & Phelps Investment Management Co. now owns 390,100 shares of the company’s stock worth $8,805,000 after buying an additional 1,100 shares during the period.

TEGP has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Tallgrass Energy GP from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 28th. Barclays PLC lifted their price target on shares of Tallgrass Energy GP from $23.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Finally, Credit Suisse Group AG set a $28.00 price target on shares of Tallgrass Energy GP and gave the stock a “buy” rating in a research note on Saturday, August 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.75.

Tallgrass Energy GP Company Profile

Tallgrass Energy GP, LP is a limited partnership company. The Company, through Tallgrass Energy Partners, LP (TEP), provides crude oil transportation to customers in Wyoming, Colorado, and the surrounding regions through Pony Express. Its business segments include Crude Oil Transportation & Logistics Segment, which is engaged in the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics Segment, which is engaged in ownership and operation of FERC-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics Segment, which is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the oil and gas exploration and production industry and the transportation of natural gas liquids (NGL).

Receive News & Ratings for Tallgrass Energy GP LP Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tallgrass Energy GP LP and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment