Tallgrass Energy Partners (TEP) Stock Rating Reaffirmed by Robert W. Baird

Tallgrass Energy Partners (NYSE:TEP)‘s stock had its “buy” rating reiterated by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Thursday.

A number of other brokerages have also recently issued reports on TEP. Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 price objective on shares of Tallgrass Energy Partners in a research note on Thursday, October 12th. ValuEngine raised Tallgrass Energy Partners from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research cut Tallgrass Energy Partners from a “buy” rating to a “hold” rating in a research note on Saturday, October 14th. BidaskClub cut Tallgrass Energy Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Barclays reaffirmed a “hold” rating and set a $55.00 price objective on shares of Tallgrass Energy Partners in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $59.11.

Tallgrass Energy Partners (NYSE:TEP) opened at $43.42 on Thursday. Tallgrass Energy Partners has a 12 month low of $41.13 and a 12 month high of $55.50. The stock has a market capitalization of $3,236.16, a PE ratio of 11.95 and a beta of 0.99. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.50 and a current ratio of 0.55.

In other news, insider David G. Dehaemers, Jr. purchased 6,039 shares of Tallgrass Energy Partners stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average price of $41.19 per share, with a total value of $248,746.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David G. Dehaemers, Jr. purchased 715 shares of Tallgrass Energy Partners stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $44.00 per share, with a total value of $31,460.00. The disclosure for this purchase can be found here. Insiders acquired 86,719 shares of company stock valued at $3,753,147 over the last 90 days.

A number of large investors have recently bought and sold shares of TEP. The Manufacturers Life Insurance Company grew its position in Tallgrass Energy Partners by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,140 shares of the pipeline company’s stock worth $107,000 after purchasing an additional 143 shares during the period. Ffcm LLC boosted its stake in shares of Tallgrass Energy Partners by 217.7% during the 2nd quarter. Ffcm LLC now owns 2,259 shares of the pipeline company’s stock worth $115,000 after acquiring an additional 1,548 shares during the last quarter. Penserra Capital Management LLC boosted its stake 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 acquiring an additional 2,144 shares during the last quarter. Doliver Capital Advisors LP purchased a new position in shares of Tallgrass Energy Partners during the 2nd quarter worth $216,000. Finally, Green Square Capital LLC purchased a new position in shares of Tallgrass Energy Partners during the 2nd quarter worth $258,000. 62.10% of the stock is owned by institutional investors and hedge funds.

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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.

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