Robert W. Baird reaffirmed their buy rating on shares of Tallgrass Energy GP, LP (NYSE:TEGP) in a research note published on Wednesday. The firm currently has a $32.00 price target on the pipeline company’s stock.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus reaffirmed a buy rating and set a $31.00 price target on shares of Tallgrass Energy GP, in a research report on Sunday. Royal Bank Of Canada reissued a hold rating and issued a $30.00 price objective on shares of Tallgrass Energy GP, in a research report on Monday, July 31st. BidaskClub cut shares of Tallgrass Energy GP, from a hold rating to a sell rating in a research report on Wednesday, August 9th. Barclays PLC upped their price objective on shares of Tallgrass Energy GP, from $33.00 to $35.00 and gave the company an overweight rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Tallgrass Energy GP, from a strong sell rating to a hold rating in a research report on Thursday, September 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Tallgrass Energy GP, has an average rating of Hold and an average price target of $30.11.

Tallgrass Energy GP, (NYSE:TEGP) last issued its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). The business had revenue of $160.86 million during the quarter, compared to analyst estimates of $166.78 million. Tallgrass Energy GP, had a net margin of 5.91% and a return on equity of 2.01%.

TRADEMARK VIOLATION WARNING: “Tallgrass Energy GP,’s (TEGP) “Buy” Rating Reaffirmed at Robert W. Baird” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/tallgrass-energy-gps-tegp-buy-rating-reaffirmed-at-robert-w-baird/1674287.html.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be given a $0.355 dividend. This is an increase from Tallgrass Energy GP,’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.42 dividend on an annualized basis and a yield of 5.68%. Tallgrass Energy GP,’s dividend payout ratio is presently 201.47%.

Several institutional investors have recently added to or reduced their stakes in TEGP. Bank of New York Mellon Corp raised its holdings in shares of Tallgrass Energy GP, by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 57,562 shares of the pipeline company’s stock valued at $1,655,000 after purchasing an additional 665 shares in the last quarter. SG Americas Securities LLC acquired a new position in Tallgrass Energy GP, in the 1st quarter valued at $119,000. Alliancebernstein L.P. grew its stake in Tallgrass Energy GP, by 34.9% in the 1st quarter. Alliancebernstein L.P. now owns 12,591 shares of the pipeline company’s stock valued at $362,000 after buying an additional 3,260 shares during the last quarter. Renaissance Technologies LLC grew its stake in Tallgrass Energy GP, by 630.2% in the 1st quarter. Renaissance Technologies LLC now owns 204,645 shares of the pipeline company’s stock valued at $5,886,000 after buying an additional 176,619 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Tallgrass Energy GP, in the 1st quarter valued at $329,000. Institutional investors and hedge funds own 37.17% of the company’s stock.

Tallgrass Energy GP, Company Profile

Analyst Recommendations for Tallgrass Energy GP, (NYSE:TEGP)

Receive News & Ratings for Tallgrass Energy GP LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tallgrass Energy GP LP and related companies with Analyst Ratings Network's FREE daily email newsletter.