Stifel Nicolaus reiterated their buy rating on shares of Tallgrass Energy Partners, LP (NYSE:TEP) in a report published on Thursday. Stifel Nicolaus currently has a $64.00 price objective on the pipeline company’s stock.

TEP has been the topic of several other reports. ValuEngine upgraded Tallgrass Energy Partners, from a hold rating to a buy rating in a report on Friday, October 6th. Robert W. Baird reiterated a buy rating and issued a $67.00 target price on shares of Tallgrass Energy Partners, in a report on Thursday, August 24th. BidaskClub upgraded Tallgrass Energy Partners, from a sell rating to a hold rating in a report on Saturday, July 1st. Royal Bank Of Canada reiterated a buy rating and issued a $60.00 target price on shares of Tallgrass Energy Partners, in a report on Monday, July 31st. Finally, Morgan Stanley reiterated an equal weight rating and issued a $59.00 target price (up from $57.00) on shares of Tallgrass Energy Partners, in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Tallgrass Energy Partners, presently has an average rating of Hold and a consensus target price of $60.00.

Shares of Tallgrass Energy Partners, (NYSE TEP) opened at 48.65 on Thursday. The firm has a market capitalization of $3.56 billion, a P/E ratio of 21.95 and a beta of 1.04. The company has a 50 day moving average of $47.48 and a 200-day moving average of $49.18. Tallgrass Energy Partners, has a 12 month low of $42.59 and a 12 month high of $55.50.

Tallgrass Energy Partners, (NYSE:TEP) last announced its earnings results on Wednesday, August 2nd. The pipeline company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $160.86 million during the quarter, compared to the consensus estimate of $158.93 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Analysts predict that Tallgrass Energy Partners, will post $4.01 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 7.81%. This is a boost from Tallgrass Energy Partners,’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, October 30th. Tallgrass Energy Partners,’s dividend payout ratio is presently 165.92%.

In other Tallgrass Energy Partners, news, insider Gary J. Brauchle purchased 3,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $46.10 per share, for a total transaction of $138,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David G. Dehaemers, Jr. purchased 17,350 shares of the business’s stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $44.64 per share, for a total transaction of $774,504.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 30,350 shares of company stock worth $1,364,104 over the last 90 days.

Institutional investors have recently bought and sold shares of the business. Suncoast Equity Management boosted its holdings in shares of Tallgrass Energy Partners, by 19.9% during the 2nd quarter. Suncoast Equity Management now owns 6,710 shares of the pipeline company’s stock worth $336,000 after buying an additional 1,115 shares in the last quarter. Boyer & Corporon Wealth Management LLC bought a new position in shares of Tallgrass Energy Partners, during the 2nd quarter worth approximately $2,165,000. BP Capital Fund Advisors LLC boosted its holdings in shares of Tallgrass Energy Partners, by 135.6% during the 1st quarter. BP Capital Fund Advisors LLC now owns 39,321 shares of the pipeline company’s stock worth $2,092,000 after buying an additional 22,633 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Tallgrass Energy Partners, by 14.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,058,904 shares of the pipeline company’s stock worth $53,041,000 after buying an additional 133,102 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of Tallgrass Energy Partners, by 300.3% during the 2nd quarter. Penserra Capital Management LLC now owns 2,858 shares of the pipeline company’s stock worth $142,000 after buying an additional 2,144 shares in the last quarter. Hedge funds and other institutional investors own 62.09% of the company’s stock.

Tallgrass Energy Partners, Company Profile

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.

Analyst Recommendations for Tallgrass Energy Partners, (NYSE:TEP)

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