Institutional & Family Asset Management LLC purchased a new stake in shares of Tallgrass Energy Partners LP (NYSE:TEP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,180 shares of the pipeline company’s stock, valued at approximately $1,445,000.

Several other institutional investors also recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Tallgrass Energy Partners by 2.7% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 7,522,832 shares of the pipeline company’s stock valued at $360,268,000 after acquiring an additional 195,068 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Tallgrass Energy Partners during the 3rd quarter valued at $797,000. Guardian Capital LP purchased a new position in shares of Tallgrass Energy Partners during the 3rd quarter valued at $479,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Tallgrass Energy Partners by 9.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,536 shares of the pipeline company’s stock valued at $792,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Tallgrass Energy Partners by 5.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 26,176 shares of the pipeline company’s stock valued at $1,254,000 after acquiring an additional 1,470 shares in the last quarter. Institutional investors and hedge funds own 62.10% of the company’s stock.

TEP has been the topic of several research analyst reports. BidaskClub cut shares of Tallgrass Energy Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Robert W. Baird restated a “buy” rating and set a $67.00 price target on shares of Tallgrass Energy Partners in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Tallgrass Energy Partners from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Thursday, October 5th. ValuEngine upgraded shares of Tallgrass Energy Partners from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Finally, Stifel Nicolaus restated a “buy” rating and set a $64.00 price target on shares of Tallgrass Energy Partners in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Tallgrass Energy Partners currently has a consensus rating of “Hold” and an average target price of $59.11.

In other Tallgrass Energy Partners news, insider David G. Dehaemers, Jr. acquired 715 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $44.00 per share, for a total transaction of $31,460.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David G. Dehaemers, Jr. acquired 11,350 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average price of $43.14 per share, with a total value of $489,639.00. The disclosure for this purchase can be found here. Insiders purchased 86,719 shares of company stock valued at $3,753,147 over the last quarter.

Shares of Tallgrass Energy Partners LP (NYSE:TEP) traded down $0.38 during trading hours on Friday, reaching $45.92. 236,700 shares of the company were exchanged, compared to its average volume of 230,209. The company has a market capitalization of $3,389.15, a PE ratio of 12.51 and a beta of 0.99. Tallgrass Energy Partners LP has a 12-month low of $41.13 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.

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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.

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

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