Oppenheimer Asset Management Inc. raised its stake in shares of Tallgrass Energy Partners LP (NYSE:TEP) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,536 shares of the pipeline company’s stock after buying an additional 1,462 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Tallgrass Energy Partners were worth $792,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Tallgrass Energy Partners by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,140 shares of the pipeline company’s stock valued at $107,000 after buying 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 valued at $115,000 after buying an additional 1,548 shares during the period. 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 valued at $142,000 after buying an additional 2,144 shares during the period. Doliver Capital Advisors LP acquired a new stake in shares of Tallgrass Energy Partners during the 2nd quarter valued at $216,000. Finally, Green Square Capital LLC acquired a new stake in shares of Tallgrass Energy Partners during the 2nd quarter valued at $258,000. 62.10% of the stock is owned by institutional investors.

A number of brokerages have issued reports on TEP. Robert W. Baird reissued a “buy” rating on shares of Tallgrass Energy Partners in a research note on Thursday, December 7th. Morgan Stanley decreased their target price on shares of Tallgrass Energy Partners from $59.00 to $57.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Zacks Investment Research raised shares of Tallgrass Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Scotiabank reissued a “buy” rating on shares of Tallgrass Energy Partners in a research note on Wednesday, October 25th. Finally, Barclays reissued a “hold” rating and set a $55.00 target price 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 assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $59.11.

Tallgrass Energy Partners LP (NYSE:TEP) opened at $45.44 on Friday. The firm has a market cap of $3,361.33, a price-to-earnings ratio of 12.41 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. Tallgrass Energy Partners LP has a twelve month low of $41.13 and a twelve month high of $55.50.

In other Tallgrass Energy Partners news, insider David G. Dehaemers, Jr. purchased 11,350 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average price of $43.14 per share, for a total transaction of $489,639.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider David G. Dehaemers, Jr. purchased 31,501 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of $42.50 per share, for a total transaction of $1,338,792.50. The disclosure for this purchase can be found here. Insiders have bought a total of 86,719 shares of company stock worth $3,753,147 in the last 90 days.

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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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Institutional Ownership by Quarter for Tallgrass Energy Partners (NYSE:TEP)

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