Tallgrass Energy GP, LP (NYSE:TEGP) insider David G. Dehaemers, Jr. acquired 5,428 shares of Tallgrass Energy GP, stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $25.04 per share, for a total transaction of $135,917.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Tallgrass Energy GP, LP (NYSE TEGP) opened at $24.83 on Friday. Tallgrass Energy GP, LP has a 52-week low of $21.87 and a 52-week high of $29.50. The firm has a market capitalization of $3,904.00, a PE ratio of 31.04, a PEG ratio of 3.17 and a beta of 2.08. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.18.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.355 per share. The ex-dividend date is Monday, October 30th. This is a boost from Tallgrass Energy GP,’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a dividend yield of 5.72%. Tallgrass Energy GP,’s dividend payout ratio is currently 171.25%.

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A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Tallgrass Energy GP, from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Tallgrass Energy GP, from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Robert W. Baird restated a “buy” rating and issued a $32.00 price target on shares of Tallgrass Energy GP, in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “buy” rating and set a $31.00 target price on shares of Tallgrass Energy GP, in a research report on Sunday, October 29th. Finally, Barclays PLC reiterated a “buy” rating and set a $34.00 target price on shares of Tallgrass Energy GP, in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Tallgrass Energy GP, has a consensus rating of “Hold” and an average price target of $30.11.

Several hedge funds have recently bought and sold shares of TEGP. SG Americas Securities LLC bought a new position in shares of Tallgrass Energy GP, in the first quarter worth approximately $119,000. The Manufacturers Life Insurance Company increased its position in shares of Tallgrass Energy GP, by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 4,858 shares of the pipeline company’s stock worth $124,000 after purchasing an additional 330 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Tallgrass Energy GP, by 816.8% in the second quarter. Cubist Systematic Strategies LLC now owns 6,234 shares of the pipeline company’s stock worth $159,000 after purchasing an additional 5,554 shares during the last quarter. Summit Asset Management LLC bought a new position in shares of Tallgrass Energy GP, in the third quarter worth approximately $215,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Tallgrass Energy GP, in the second quarter worth approximately $219,000. Institutional investors own 37.17% of the company’s stock.

Tallgrass Energy GP, Company Profile

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