Tallgrass Energy Partners, LP (NYSE:TEP) insider Gary J. Brauchle purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average price of $46.10 per share, for a total transaction of $138,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Tallgrass Energy Partners, LP (TEP) traded down 2.40% on Tuesday, hitting $45.91. 305,673 shares of the company were exchanged. Tallgrass Energy Partners, LP has a 52 week low of $42.59 and a 52 week high of $55.50. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 20.72 and a beta of 1.03. The stock has a 50 day moving average of $50.23 and a 200 day moving average of $50.81.

Tallgrass Energy Partners, (NYSE:TEP) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by $0.01. The company had revenue of $160.86 million during the quarter, compared to the consensus estimate of $158.93 million. Tallgrass Energy Partners, had a net margin of 46.63% and a return on equity of 20.47%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Analysts predict that Tallgrass Energy Partners, LP will post $3.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Friday, July 28th were issued a $0.925 dividend. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $3.70 annualized dividend and a yield of 8.06%. This is a boost from Tallgrass Energy Partners,’s previous quarterly dividend of $0.84. Tallgrass Energy Partners,’s payout ratio is 165.92%.

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A number of research analysts have recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $69.00 price target on shares of Tallgrass Energy Partners, in a research report on Friday, July 14th. Scotiabank set a $56.00 price target on shares of Tallgrass Energy Partners, and gave the stock a “buy” rating in a research report on Friday, July 21st. Mitsubishi UFJ Financial Group assumed coverage on shares of Tallgrass Energy Partners, in a research report on Wednesday, April 19th. They issued a “hold” rating and a $58.00 price target on the stock. Zacks Investment Research downgraded shares of Tallgrass Energy Partners, from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price target on shares of Tallgrass Energy Partners, in a research report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $60.50.

A number of institutional investors have recently made changes to their positions in TEP. Creative Planning raised its position in shares of Tallgrass Energy Partners, by 13.2% in the first quarter. Creative Planning now owns 18,039 shares of the pipeline company’s stock valued at $960,000 after buying an additional 2,107 shares in the last quarter. Bank of Montreal Can raised its position in shares of Tallgrass Energy Partners, by 2.8% in the first quarter. Bank of Montreal Can now owns 50,285 shares of the pipeline company’s stock valued at $2,675,000 after buying an additional 1,372 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Tallgrass Energy Partners, by 1.1% in the first quarter. Duff & Phelps Investment Management Co. now owns 943,298 shares of the pipeline company’s stock valued at $50,183,000 after buying an additional 10,000 shares in the last quarter. Taylor Wealth Management Partners raised its position in shares of Tallgrass Energy Partners, by 7.4% in the first quarter. Taylor Wealth Management Partners now owns 86,390 shares of the pipeline company’s stock valued at $4,596,000 after buying an additional 5,920 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Tallgrass Energy Partners, by 6.7% in the first quarter. State of New Jersey Common Pension Fund D now owns 81,300 shares of the pipeline company’s stock valued at $4,325,000 after buying an additional 5,100 shares in the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

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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