Blair William & Co. IL continued to hold its stake in shares of Tallgrass Energy Partners, LP (NYSE:TEP) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 34,610 shares of the pipeline company’s stock at the end of the second quarter. Blair William & Co. IL’s holdings in Tallgrass Energy Partners, were worth $1,734,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. raised its stake in shares of Tallgrass Energy Partners, by 15.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 7,327,764 shares of the pipeline company’s stock valued at $367,048,000 after buying an additional 995,864 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Tallgrass Energy Partners, by 4.3% in the second quarter. Alps Advisors Inc. now owns 3,380,112 shares of the pipeline company’s stock valued at $169,310,000 after buying an additional 137,800 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its stake in shares of Tallgrass Energy Partners, by 6.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 3,240,249 shares of the pipeline company’s stock valued at $172,370,000 after buying an additional 204,708 shares during the last quarter. Morgan Stanley raised its stake in shares of Tallgrass Energy Partners, by 3.1% in the first quarter. Morgan Stanley now owns 2,506,358 shares of the pipeline company’s stock valued at $133,337,000 after buying an additional 75,518 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Tallgrass Energy Partners, by 13.7% in the first quarter. Bank of America Corp DE now owns 1,655,913 shares of the pipeline company’s stock valued at $88,095,000 after buying an additional 199,309 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.

Tallgrass Energy Partners, LP (NYSE:TEP) opened at 45.76 on Friday. The company has a 50-day moving average of $49.22 and a 200 day moving average of $50.50. Tallgrass Energy Partners, LP has a 12-month low of $42.59 and a 12-month high of $55.50. The company has a market capitalization of $3.35 billion, a P/E ratio of 20.65 and a beta of 1.03.

Tallgrass Energy Partners, (NYSE:TEP) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by $0.01. Tallgrass Energy Partners, had a net margin of 46.63% and a return on equity of 20.47%. The business had revenue of $160.86 million for the quarter, compared to analyst estimates of $158.93 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Tallgrass Energy Partners, LP will post $3.60 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, July 28th were paid a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a yield of 8.09%. This is a boost from Tallgrass Energy Partners,’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, July 26th. Tallgrass Energy Partners,’s payout ratio is presently 165.92%.

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TEP has been the subject of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $69.00 price target on shares of Tallgrass Energy Partners, in a research note on Friday, July 14th. BidaskClub lowered shares of Tallgrass Energy Partners, from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Scotiabank set a $56.00 price target on shares of Tallgrass Energy Partners, and gave the stock a “buy” rating in a research note on Friday, July 21st. Barclays PLC raised their price target on shares of Tallgrass Energy Partners, from $58.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Friday, August 4th. Finally, Morgan Stanley restated an “equal weight” rating and set a $59.00 price target (up previously from $57.00) on shares of Tallgrass Energy Partners, in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $61.22.

In other Tallgrass Energy Partners, news, insider Gary J. Brauchle acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $46.10 per share, for a total transaction of $138,300.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David G. Dehaemers, Jr. acquired 17,350 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $44.64 per share, with a total value of $774,504.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 90,624 shares of company stock valued at $4,225,900.

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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