Tallgrass Energy Partners, LP (NYSE:TEP) CEO David G. Dehaemers, Jr. acquired 1,688 shares of Tallgrass Energy Partners, stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $44.99 per share, with a total value of $75,943.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tallgrass Energy Partners, LP (TEP) opened at $43.57 on Wednesday. Tallgrass Energy Partners, LP has a one year low of $42.86 and a one year high of $55.50. The company has a market capitalization of $3,234.70, a price-to-earnings ratio of 11.94 and a beta of 1.01. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.35.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st were paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 8.68%. This is a boost from Tallgrass Energy Partners,’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, October 30th. Tallgrass Energy Partners,’s payout ratio is presently 98.93%.

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Several research analysts recently weighed in on the company. Scotiabank reiterated a “buy” rating on shares of Tallgrass Energy Partners, in a research report on Wednesday, October 25th. Stifel Nicolaus reissued a “buy” rating and issued a $64.00 price objective on shares of Tallgrass Energy Partners, in a report on Thursday, October 12th. ValuEngine raised Tallgrass Energy Partners, from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Zacks Investment Research raised Tallgrass Energy Partners, from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Thursday, October 5th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $67.00 price target on shares of Tallgrass Energy Partners, in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Tallgrass Energy Partners, has an average rating of “Hold” and a consensus price target of $59.33.

Several large investors have recently added to or reduced their stakes in TEP. Tortoise Capital Advisors L.L.C. boosted its position in shares of Tallgrass Energy Partners, by 15.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 7,327,764 shares of the pipeline company’s stock worth $367,048,000 after acquiring an additional 995,864 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of Tallgrass Energy Partners, by 13.0% during the 3rd quarter. Alps Advisors Inc. now owns 3,818,712 shares of the pipeline company’s stock worth $182,878,000 after acquiring an additional 438,600 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Tallgrass Energy Partners, by 14.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,058,904 shares of the pipeline company’s stock valued at $53,041,000 after purchasing an additional 133,102 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Tallgrass Energy Partners, by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 871,105 shares of the pipeline company’s stock valued at $41,081,000 after purchasing an additional 130,240 shares during the period. Finally, Kayne Anderson Capital Advisors LP boosted its position in shares of Tallgrass Energy Partners, by 3.4% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 3,350,309 shares of the pipeline company’s stock valued at $167,808,000 after purchasing an additional 110,060 shares during the period. 63.00% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Tallgrass Energy Partners, (NYSE:TEP)

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