Stock analysts at Credit Suisse Group began coverage on shares of Tallgrass Energy GP (NYSE:TEGP) in a report released on Thursday. The brokerage set an “underperform” rating on the pipeline company’s stock.

A number of other research firms have also recently weighed in on TEGP. Robert W. Baird restated a “buy” rating and issued a $32.00 price target on shares of Tallgrass Energy GP in a report on Tuesday, September 26th. Zacks Investment Research upgraded Tallgrass Energy GP from a “strong sell” rating to a “hold” rating in a report on Thursday, September 21st. Barclays restated a “buy” rating and issued a $34.00 price target on shares of Tallgrass Energy GP in a report on Thursday, October 19th. BidaskClub cut Tallgrass Energy GP from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $31.00 price target on shares of Tallgrass Energy GP in a report on Sunday, October 29th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Tallgrass Energy GP has an average rating of “Hold” and a consensus target price of $31.13.

Tallgrass Energy GP (NYSE TEGP) traded up $0.05 during midday trading on Thursday, reaching $25.80. The company’s stock had a trading volume of 346,784 shares, compared to its average volume of 317,667. The stock has a market cap of $4,009.35, a PE ratio of 32.25, a PEG ratio of 3.16 and a beta of 1.97. Tallgrass Energy GP has a 52-week low of $21.79 and a 52-week high of $29.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.50 and a current ratio of 0.55.

In other Tallgrass Energy GP news, insider David G. Dehaemers, Jr. bought 5,428 shares of Tallgrass Energy GP stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $25.04 per share, for a total transaction of $135,917.12. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas A. Gerke bought 9,800 shares of Tallgrass Energy GP stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $25.50 per share, with a total value of $249,900.00. The disclosure for this purchase can be found here.

Several institutional investors have recently added to or reduced their stakes in TEGP. The Manufacturers Life Insurance Company boosted its stake in shares of Tallgrass Energy GP by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,858 shares of the pipeline company’s stock valued at $124,000 after buying an additional 330 shares during the last quarter. Tiedemann Wealth Management LLC purchased a new position in shares of Tallgrass Energy GP during the 3rd quarter valued at approximately $148,000. Cubist Systematic Strategies LLC raised its position in shares of Tallgrass Energy GP by 816.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,234 shares of the pipeline company’s stock valued at $159,000 after acquiring an additional 5,554 shares in the last quarter. Summit Asset Management LLC acquired a new stake in shares of Tallgrass Energy GP during the 3rd quarter valued at approximately $215,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Tallgrass Energy GP during the 2nd quarter valued at approximately $219,000. Institutional investors own 36.31% of the company’s stock.

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