Equities researchers at Credit Suisse Group began coverage on shares of Tallgrass Energy Partners (NYSE:TEP) in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a “neutral” rating on the pipeline company’s stock.

TEP has been the topic of a number of other research reports. ValuEngine upgraded shares of Tallgrass Energy Partners from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of 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. Robert W. Baird restated a “buy” rating on shares of Tallgrass Energy Partners in a research note on Thursday, December 7th. Morgan Stanley lowered their target price on shares of 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. Finally, Stifel Nicolaus restated a “buy” rating and set a $64.00 target price on shares of Tallgrass Energy Partners in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $59.11.

Shares of Tallgrass Energy Partners (NYSE:TEP) traded up $0.78 during trading on Thursday, reaching $46.00. 90,763 shares of the company were exchanged, compared to its average volume of 320,964. The company has a market cap of $3,410.00, a PE ratio of 12.30 and a beta of 1.01. Tallgrass Energy Partners has a 52 week low of $41.13 and a 52 week high of $55.50. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.35.

In related news, CEO David G. Dehaemers, Jr. bought 10,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $46.35 per share, for a total transaction of $463,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David G. Dehaemers, Jr. bought 1,688 shares of the stock in a transaction on Friday, November 10th. The shares were bought at an average price of $44.99 per share, for a total transaction of $75,943.12. The disclosure for this purchase can be found here. Insiders have acquired a total of 86,719 shares of company stock worth $3,753,147 in the last 90 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position 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 purchasing an additional 143 shares during the last quarter. Ffcm LLC increased its position 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 purchasing an additional 1,548 shares during the last quarter. Doliver Capital Advisors LP purchased a new stake in shares of Tallgrass Energy Partners during the 2nd quarter valued at about $216,000. Green Square Capital LLC purchased a new stake in shares of Tallgrass Energy Partners during the 2nd quarter valued at about $258,000. Finally, Bank of New York Mellon Corp increased its position in shares of Tallgrass Energy Partners by 19.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,794 shares of the pipeline company’s stock valued at $341,000 after purchasing an additional 1,117 shares during the last quarter. 62.09% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Tallgrass Energy Partners (NYSE:TEP)

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