Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Tallgrass Energy Partners, LP (NYSE:TEP) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,084,722 shares of the pipeline company’s stock after acquiring an additional 25,818 shares during the quarter. Tallgrass Energy Partners comprises 0.8% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 21st biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 1.48% of Tallgrass Energy Partners worth $51,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. boosted its position in shares of Tallgrass Energy Partners by 15.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 7,327,764 shares of the pipeline company’s stock worth $367,048,000 after purchasing an additional 995,864 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of Tallgrass Energy Partners by 13.0% during the 3rd quarter. Alps Advisors Inc. now owns 3,818,712 shares of the pipeline company’s stock worth $182,878,000 after purchasing an additional 438,600 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its position in shares of Tallgrass Energy Partners by 3.4% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 3,350,309 shares of the pipeline company’s stock worth $167,808,000 after purchasing an additional 110,060 shares in the last quarter. Harvest Fund Advisors LLC boosted its position in shares of Tallgrass Energy Partners by 6.1% during the 3rd quarter. Harvest Fund Advisors LLC now owns 1,874,008 shares of the pipeline company’s stock worth $89,746,000 after purchasing an additional 107,897 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of Tallgrass Energy Partners by 3.2% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 953,298 shares of the pipeline company’s stock worth $45,653,000 after purchasing an additional 30,000 shares in the last quarter. 53.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tallgrass Energy Partners, LP (NYSE:TEP) traded down $0.32 during midday trading on Monday, reaching $43.04. 73,100 shares of the company traded hands, compared to its average volume of 226,263. Tallgrass Energy Partners, LP has a twelve month low of $42.65 and a twelve month high of $55.50. The company has a market cap of $3,190.00, a PE ratio of 11.63 and a beta of 1.03. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.50 and a current ratio of 0.55.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st were given a $0.945 dividend. This is a boost from Tallgrass Energy Partners’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, October 30th. This represents a $3.78 annualized dividend and a yield of 8.78%. Tallgrass Energy Partners’s dividend payout ratio (DPR) is presently 98.93%.

Several equities analysts recently weighed in on TEP shares. Morgan Stanley dropped their price target on shares of Tallgrass Energy Partners from $59.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. Zacks Investment Research raised shares of Tallgrass Energy Partners from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Scotiabank reaffirmed a “buy” rating on shares of Tallgrass Energy Partners in a research report on Wednesday, October 25th. Barclays PLC reaffirmed a “hold” rating and issued a $55.00 price target on shares of Tallgrass Energy Partners in a research report on Thursday, October 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $64.00 price target on shares of Tallgrass Energy Partners in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $59.11.

In other news, CEO David G. Dehaemers, Jr. acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $46.35 per share, for a total transaction of $463,500.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David G. Dehaemers, Jr. acquired 10,426 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $44.17 per share, with a total value of $460,516.42. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 37,829 shares of company stock worth $1,675,970.

WARNING: This report was posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/tallgrass-energy-partners-lp-tep-shares-bought-by-commonwealth-of-pennsylvania-public-school-empls-retrmt-sys/1729359.html.

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.

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

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