Tallgrass Energy GP, LP (NYSE:TEGP) has received a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $30.00.

Several brokerages have commented on TEGP. TheStreet upgraded shares of Tallgrass Energy GP, from an “e+” rating to a “c” rating in a report on Wednesday, May 17th. Scotiabank set a $28.00 price objective on shares of Tallgrass Energy GP, and gave the stock a “hold” rating in a report on Saturday, July 22nd. BidaskClub upgraded shares of Tallgrass Energy GP, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research lowered shares of Tallgrass Energy GP, from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $30.00 price objective on shares of Tallgrass Energy GP, in a report on Monday, July 31st.

ILLEGAL ACTIVITY NOTICE: “Tallgrass Energy GP, LP (TEGP) Given Consensus Rating of “Hold” by Analysts” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/13/tallgrass-energy-gp-lp-tegp-given-consensus-rating-of-hold-by-analysts.html.

Several large investors have recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. grew its position in shares of Tallgrass Energy GP, by 2.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,122,785 shares of the pipeline company’s stock worth $79,412,000 after buying an additional 83,522 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Tallgrass Energy GP, by 3.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,200,216 shares of the pipeline company’s stock worth $30,521,000 after buying an additional 34,654 shares during the period. Atlantic Trust Group LLC grew its position in shares of Tallgrass Energy GP, by 15.5% in the 2nd quarter. Atlantic Trust Group LLC now owns 898,248 shares of the pipeline company’s stock worth $22,843,000 after buying an additional 120,352 shares during the period. Bank of America Corp DE grew its position in shares of Tallgrass Energy GP, by 11.0% in the 1st quarter. Bank of America Corp DE now owns 670,994 shares of the pipeline company’s stock worth $19,298,000 after buying an additional 66,266 shares during the period. Finally, Global X Management Co. LLC grew its position in shares of Tallgrass Energy GP, by 67.3% in the 2nd quarter. Global X Management Co. LLC now owns 409,973 shares of the pipeline company’s stock worth $10,426,000 after buying an additional 164,963 shares during the period. 99.74% of the stock is currently owned by hedge funds and other institutional investors.

Tallgrass Energy GP, (TEGP) opened at 26.55 on Wednesday. The stock’s 50 day moving average is $25.95 and its 200-day moving average is $28.16. The firm has a market capitalization of $1.54 billion, a PE ratio of 39.28 and a beta of 2.16. Tallgrass Energy GP, has a one year low of $21.74 and a one year high of $29.30.

Tallgrass Energy GP, (NYSE:TEGP) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Tallgrass Energy GP, had a return on equity of 2.01% and a net margin of 5.91%. The company had revenue of $160.86 million during the quarter, compared to the consensus estimate of $166.78 million. On average, analysts anticipate that Tallgrass Energy GP, will post $0.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, July 28th were given a $0.3425 dividend. The ex-dividend date was Wednesday, July 26th. This is an increase from Tallgrass Energy GP,’s previous quarterly dividend of $0.29. This represents a $1.37 dividend on an annualized basis and a dividend yield of 5.16%. Tallgrass Energy GP,’s dividend payout ratio is currently 201.47%.

About Tallgrass Energy GP,

Analyst Recommendations for Tallgrass Energy GP, (NYSE:TEGP)

Receive News & Stock 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 stocks with our FREE daily email newsletter.