Samson Capital Management LLC lowered its holdings in Tallgrass Energy Partners LP (NYSE:TEP) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,365 shares of the pipeline company’s stock after selling 1,702 shares during the period. Tallgrass Energy Partners comprises 5.2% of Samson Capital Management LLC’s holdings, making the stock its 10th largest position. Samson Capital Management LLC owned approximately 0.14% of Tallgrass Energy Partners worth $5,046,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TEP. Tortoise Capital Advisors L.L.C. boosted its position in Tallgrass Energy Partners by 15.7% in the second 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 during the last quarter. Alps Advisors Inc. boosted its position in Tallgrass Energy Partners by 13.0% in the third 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 during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Tallgrass Energy Partners by 14.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,058,904 shares of the pipeline company’s stock worth $53,041,000 after purchasing an additional 133,102 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Tallgrass Energy Partners by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 871,105 shares of the pipeline company’s stock worth $41,081,000 after purchasing an additional 130,240 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its position in Tallgrass Energy Partners by 3.4% in the second 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 during the last quarter. 62.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tallgrass Energy Partners LP (NYSE:TEP) traded up $0.73 on Monday, hitting $44.65. The company’s stock had a trading volume of 287,600 shares, compared to its average volume of 228,152. The company has a market capitalization of $3,268.37, a price-to-earnings ratio of 12.07 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 52-week low of $41.13 and a 52-week high of $55.50.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were paid a $0.945 dividend. The ex-dividend date was Monday, October 30th. This is a positive change from Tallgrass Energy Partners’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a dividend yield of 8.47%. Tallgrass Energy Partners’s payout ratio is presently 98.93%.

In related news, CEO David G. Dehaemers, Jr. acquired 1,688 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average cost of $44.99 per share, for a total transaction of $75,943.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David G. Dehaemers, Jr. acquired 31,501 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were bought 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. Over the last quarter, insiders have purchased 75,369 shares of company stock worth $3,263,508.

Several analysts have issued reports on TEP shares. BidaskClub lowered Tallgrass Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Tallgrass Energy Partners from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Thursday, October 5th. Scotiabank restated a “buy” rating on shares of Tallgrass Energy Partners in a research note on Wednesday, October 25th. Stifel Nicolaus restated a “buy” rating and issued a $64.00 target price on shares of Tallgrass Energy Partners in a research note on Thursday, October 12th. Finally, Morgan Stanley lowered their target price on Tallgrass Energy Partners from $59.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $59.11.

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Tallgrass Energy Partners Profile

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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