6,700 Shares in Tallgrass Energy Partners LP (TEP) Acquired by Texas Yale Capital Corp.

Texas Yale Capital Corp. purchased a new stake in shares of Tallgrass Energy Partners LP (NYSE:TEP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,700 shares of the pipeline company’s stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. California Public Employees Retirement System boosted its position in Tallgrass Energy Partners by 3.1% during the 4th quarter. California Public Employees Retirement System now owns 76,950 shares of the pipeline company’s stock valued at $3,528,000 after buying an additional 2,300 shares during the period. Cadence Capital Management LLC boosted its position in Tallgrass Energy Partners by 18.9% during the 4th quarter. Cadence Capital Management LLC now owns 121,608 shares of the pipeline company’s stock valued at $5,576,000 after buying an additional 19,300 shares during the period. Alps Advisors Inc. boosted its position in Tallgrass Energy Partners by 2.4% during the 4th quarter. Alps Advisors Inc. now owns 3,910,660 shares of the pipeline company’s stock valued at $179,304,000 after buying an additional 91,948 shares during the period. Aveo Capital Partners LLC lifted its position in shares of Tallgrass Energy Partners by 74.1% in the 4th quarter. Aveo Capital Partners LLC now owns 11,757 shares of the pipeline company’s stock worth $539,000 after purchasing an additional 5,003 shares during the period. Finally, Oxbow Advisors LLC lifted its position in shares of Tallgrass Energy Partners by 1.6% in the 4th quarter. Oxbow Advisors LLC now owns 547,113 shares of the pipeline company’s stock worth $25,085,000 after purchasing an additional 8,465 shares during the period. 61.82% of the stock is owned by institutional investors and hedge funds.

In other Tallgrass Energy Partners news, insider David G. Dehaemers, Jr. purchased 715 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of $44.00 per share, with a total value of $31,460.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David G. Dehaemers, Jr. purchased 11,350 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of $43.14 per share, with a total value of $489,639.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 64,605 shares of company stock valued at $2,753,188.

Several equities research analysts have recently commented on TEP shares. Credit Suisse Group started coverage on shares of Tallgrass Energy Partners in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. Barclays reaffirmed a “hold” rating and issued a $55.00 target price on shares of Tallgrass Energy Partners in a research report on Thursday, October 19th. Robert W. Baird reaffirmed a “buy” rating on shares of Tallgrass Energy Partners in a research report on Thursday, December 7th. US Capital Advisors cut shares of Tallgrass Energy Partners from an “overweight” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Tallgrass Energy Partners in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Tallgrass Energy Partners currently has an average rating of “Hold” and an average price target of $53.22.

Shares of Tallgrass Energy Partners LP (NYSE TEP) opened at $38.06 on Wednesday. Tallgrass Energy Partners LP has a 12-month low of $35.37 and a 12-month high of $55.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.55 and a quick ratio of 0.50. The company has a market cap of $2,759.63, a PE ratio of 10.18 and a beta of 0.90.

Tallgrass Energy Partners (NYSE:TEP) last issued its quarterly earnings results on Tuesday, February 13th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). Tallgrass Energy Partners had a net margin of 64.13% and a return on equity of 27.58%. The business had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.17 million. During the same period last year, the business earned $0.51 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. research analysts predict that Tallgrass Energy Partners LP will post 3.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be given a dividend of $0.965 per share. This is a boost from Tallgrass Energy Partners’s previous quarterly dividend of $0.95. This represents a $3.86 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date is Tuesday, January 30th. Tallgrass Energy Partners’s dividend payout ratio (DPR) is 103.21%.

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Tallgrass Energy Partners Company Profile

Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The Company operates through three segments: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics and Processing & Logistics. The Crude Oil Transportation & Logistics segment includes the ownership and operation of a Federal Energy Regulatory Commission (FERC) crude oil pipeline system, and crude oil storage and terminaling facilities.

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Institutional Ownership by Quarter for Tallgrass Energy Partners (NYSE:TEP)

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