Tallgrass Energy GP LP (NYSE:TEGP) insider David G. Dehaemers, Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The shares were purchased at an average cost of $22.10 per share, with a total value of $221,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:TEGP traded down $0.02 during trading on Thursday, hitting $22.13. The company had a trading volume of 374,040 shares, compared to its average volume of 482,588. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 29.05 and a beta of 1.88. Tallgrass Energy GP LP has a one year low of $17.14 and a one year high of $28.94. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.63 and a quick ratio of 0.52.

Tallgrass Energy GP (NYSE:TEGP) last posted its quarterly earnings data on Thursday, May 3rd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $179.09 million during the quarter. Tallgrass Energy GP had a positive return on equity of 2.54% and a negative net margin of 17.96%. analysts expect that Tallgrass Energy GP LP will post 1.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were paid a $0.488 dividend. This represents a $1.95 annualized dividend and a dividend yield of 8.82%. This is a positive change from Tallgrass Energy GP’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, April 27th. Tallgrass Energy GP’s dividend payout ratio (DPR) is presently 256.58%.

Large investors have recently bought and sold shares of the company. HBK Investments L P bought a new stake in shares of Tallgrass Energy GP in the 4th quarter valued at approximately $206,000. Mariner LLC bought a new stake in shares of Tallgrass Energy GP during the 1st quarter worth approximately $214,000. Geode Capital Management LLC bought a new stake in shares of Tallgrass Energy GP during the 4th quarter worth approximately $225,000. Jump Trading LLC bought a new stake in shares of Tallgrass Energy GP during the 1st quarter worth approximately $245,000. Finally, Guggenheim Capital LLC bought a new stake in shares of Tallgrass Energy GP during the 1st quarter worth approximately $255,000. 31.77% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the company. Robert W. Baird reissued a “buy” rating and set a $35.00 price target on shares of Tallgrass Energy GP in a research note on Friday, February 16th. TheStreet lowered Tallgrass Energy GP from a “c-” rating to a “d” rating in a research note on Wednesday, February 14th. Zacks Investment Research raised Tallgrass Energy GP from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research note on Thursday, April 5th. ValuEngine lowered Tallgrass Energy GP from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Stifel Nicolaus set a $25.00 price target on Tallgrass Energy GP and gave the company a “buy” rating in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.22.

Tallgrass Energy GP Company Profile

Tallgrass Energy GP, LP, through its interests in Tallgrass Equity, LLC, provides crude oil transportation services to customers in Wyoming, Colorado, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling.

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