Tallgrass Energy GP (NYSE:TEGP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Robert W. Baird in a research note issued to investors on Thursday. They presently have a $33.00 price target on the pipeline company’s stock. Robert W. Baird’s price target indicates a potential upside of 43.10% from the company’s current price.

TEGP has been the subject of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price target on shares of Tallgrass Energy GP in a research report on Friday, August 18th. Barclays reaffirmed a “buy” rating and issued a $34.00 price target on shares of Tallgrass Energy GP in a research report on Thursday, October 19th. BidaskClub raised shares of Tallgrass Energy GP from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 8th. Morgan Stanley lowered their price target on shares of Tallgrass Energy GP from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, November 17th. Finally, Zacks Investment Research cut shares of Tallgrass Energy GP from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Tallgrass Energy GP presently has an average rating of “Hold” and an average target price of $30.22.

Tallgrass Energy GP (NYSE:TEGP) opened at $23.06 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.55 and a quick ratio of 0.50. The company has a market cap of $3,691.75, a PE ratio of 29.35, a price-to-earnings-growth ratio of 3.00 and a beta of 1.97. Tallgrass Energy GP has a one year low of $21.79 and a one year high of $29.50.

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

A number of institutional investors have recently modified their holdings of TEGP. The Manufacturers Life Insurance Company increased its stake in 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 purchasing an additional 330 shares in the last quarter. Tiedemann Wealth Management LLC acquired a new position in Tallgrass Energy GP during the 3rd quarter valued at approximately $148,000. Cubist Systematic Strategies LLC increased its stake in 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 purchasing an additional 5,554 shares in the last quarter. Summit Asset Management LLC acquired a new position in Tallgrass Energy GP during the 3rd quarter valued at approximately $215,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Tallgrass Energy GP during the 2nd quarter valued at approximately $219,000. Institutional investors and hedge funds own 36.32% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Robert W. Baird Reiterates “Buy” Rating for Tallgrass Energy GP (TEGP)” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://theolympiareport.com/2017/12/07/robert-w-baird-reiterates-buy-rating-for-tallgrass-energy-gp-tegp.html.

Tallgrass Energy GP Company Profile

Analyst Recommendations for Tallgrass Energy GP (NYSE:TEGP)

Receive News & Ratings for Tallgrass Energy GP LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tallgrass Energy GP LP and related companies with Analyst Ratings Network's FREE daily email newsletter.