Taylor Wealth Management Partners Sells 12,000 Shares of Tallgrass Energy GP LP (TEGP)

Taylor Wealth Management Partners decreased its position in Tallgrass Energy GP LP (NYSE:TEGP) by 50.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,000 shares of the pipeline company’s stock after selling 12,000 shares during the period. Taylor Wealth Management Partners’ holdings in Tallgrass Energy GP were worth $292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TEGP. Diversified Trust Co bought a new position in shares of Tallgrass Energy GP in the 3rd quarter valued at about $771,000. Clearbridge Investments LLC grew its holdings in shares of Tallgrass Energy GP by 92.0% in the 3rd quarter. Clearbridge Investments LLC now owns 5,070,093 shares of the pipeline company’s stock valued at $119,553,000 after acquiring an additional 2,429,980 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Tallgrass Energy GP in the 3rd quarter valued at about $15,750,000. Vanguard Group Inc grew its holdings in shares of Tallgrass Energy GP by 5.9% in the 3rd quarter. Vanguard Group Inc now owns 516,545 shares of the pipeline company’s stock valued at $12,180,000 after acquiring an additional 28,616 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Tallgrass Energy GP by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 516,545 shares of the pipeline company’s stock valued at $12,180,000 after acquiring an additional 28,616 shares in the last quarter. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE TEGP traded down $0.39 during mid-day trading on Monday, hitting $22.16. The company had a trading volume of 2,876,260 shares, compared to its average volume of 1,754,602. Tallgrass Energy GP LP has a one year low of $17.14 and a one year high of $28.94.

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About Tallgrass Energy GP

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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Institutional Ownership by Quarter for Tallgrass Energy GP (NYSE:TEGP)

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