News articles about Tallgrass Energy GP (NYSE:TEGP) have been trending positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tallgrass Energy GP earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 46.3402769175125 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Tallgrass Energy GP (NYSE TEGP) traded down $0.80 during trading hours on Wednesday, reaching $22.31. 393,152 shares of the company traded hands, compared to its average volume of 435,925. Tallgrass Energy GP has a 1-year low of $21.66 and a 1-year high of $29.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.55 and a quick ratio of 0.50. The company has a market capitalization of $3,547.10, a price-to-earnings ratio of 27.94, a P/E/G ratio of 2.85 and a beta of 1.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.3675 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.47 annualized dividend and a yield of 6.59%. This is a positive change from Tallgrass Energy GP’s previous quarterly dividend of $0.36. Tallgrass Energy GP’s payout ratio is presently 183.75%.
TEGP has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Tallgrass Energy GP from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Zacks Investment Research downgraded shares of Tallgrass Energy GP from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Morgan Stanley lowered their price target on shares of Tallgrass Energy GP from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Credit Suisse Group assumed coverage on shares of Tallgrass Energy GP in a research report on Thursday, January 4th. They issued an “underperform” rating and a $21.00 price objective on the stock. Finally, Robert W. Baird restated a “buy” rating and issued a $33.00 price objective on shares of Tallgrass Energy GP in a research report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Tallgrass Energy GP currently has an average rating of “Hold” and an average price target of $28.67.
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About Tallgrass Energy GP
Tallgrass Energy GP, LP is a limited partnership company, which includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP’s subsidiaries. TEP owns, operates, acquires and develops midstream energy assets in North America. TEP’s segments include Crude Oil Transportation & Logistics, which is engaged in the ownership and operation of a crude oil pipeline system, and crude oil storage and terminaling facilities; Natural Gas Transportation & Logistics, which is engaged in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities; Processing & Logistics, which is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities, and the provision of water business services to the oil and gas exploration and production industry, and Corporate and Other.
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