Robert W. Baird reissued their buy rating on shares of Tallgrass Energy Partners, LP (NYSE:TEP) in a report published on Thursday. The firm currently has a $67.00 price target on the pipeline company’s stock.

Several other research firms have also commented on TEP. Stifel Nicolaus reaffirmed a buy rating and set a $69.00 target price on shares of Tallgrass Energy Partners, in a report on Friday, July 14th. BidaskClub lowered Tallgrass Energy Partners, from a sell rating to a strong sell rating in a report on Wednesday. Scotiabank set a $56.00 target price on Tallgrass Energy Partners, and gave the stock a buy rating in a report on Friday, July 21st. Barclays PLC raised their target price on Tallgrass Energy Partners, from $58.00 to $61.00 and gave the stock an equal weight rating in a report on Friday, August 4th. Finally, Zacks Investment Research lowered Tallgrass Energy Partners, from a buy rating to a hold rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $61.22.

Tallgrass Energy Partners, (NYSE TEP) traded up 0.5437% during trading on Thursday, reaching $45.7675. 62,740 shares of the company traded hands. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 20.6532 and a beta of 1.03. Tallgrass Energy Partners, has a 52 week low of $42.59 and a 52 week high of $55.50. The company’s 50-day moving average price is $49.36 and its 200 day moving average price is $50.54.

Tallgrass Energy Partners, (NYSE:TEP) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.01. Tallgrass Energy Partners, had a return on equity of 20.47% and a net margin of 46.63%. The firm had revenue of $160.86 million during the quarter, compared to analysts’ expectations of $158.93 million. During the same quarter in the previous year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Tallgrass Energy Partners, will post $3.60 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Friday, July 28th were issued a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a yield of 8.13%. This is a positive change from Tallgrass Energy Partners,’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, July 26th. Tallgrass Energy Partners,’s dividend payout ratio (DPR) is 165.92%.

In other Tallgrass Energy Partners, news, insider Gary J. Brauchle acquired 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $46.10 per share, with a total value of $138,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David G. Dehaemers, Jr. acquired 17,350 shares of the company’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $44.64 per share, for a total transaction of $774,504.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 90,624 shares of company stock worth $4,225,900.

A number of hedge funds have recently modified their holdings of the stock. Bank of Montreal Can raised its stake in shares of Tallgrass Energy Partners, by 2.8% in the first quarter. Bank of Montreal Can now owns 50,285 shares of the pipeline company’s stock valued at $2,675,000 after buying an additional 1,372 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Tallgrass Energy Partners, by 6.7% in the first quarter. State of New Jersey Common Pension Fund D now owns 81,300 shares of the pipeline company’s stock valued at $4,325,000 after buying an additional 5,100 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Tallgrass Energy Partners, by 53.5% in the first quarter. Virtu Financial LLC now owns 7,573 shares of the pipeline company’s stock valued at $403,000 after buying an additional 2,639 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Tallgrass Energy Partners, by 13.2% in the first quarter. Jennison Associates LLC now owns 401,692 shares of the pipeline company’s stock valued at $21,370,000 after buying an additional 46,827 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its stake in shares of Tallgrass Energy Partners, by 0.3% in the first quarter. Tocqueville Asset Management L.P. now owns 10,031 shares of the pipeline company’s stock valued at $534,000 after buying an additional 26 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors.

About Tallgrass Energy Partners,

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.

Analyst Recommendations for Tallgrass Energy Partners, (NYSE:TEP)

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