Great West Life Assurance Co. Can Has $170,000 Stake in Tallgrass Energy GP, LP (TEGP)

Great West Life Assurance Co. Can continued to hold its position in shares of Tallgrass Energy GP, LP (NYSE:TEGP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,689 shares of the pipeline company’s stock at the close of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Tallgrass Energy GP, were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TEGP. Bank of Montreal Can raised its position in Tallgrass Energy GP, by 0.6% during the first quarter. Bank of Montreal Can now owns 22,158 shares of the pipeline company’s stock worth $637,000 after acquiring an additional 126 shares in the last quarter. Wells Fargo & Company MN raised its position in Tallgrass Energy GP, by 14.4% during the first quarter. Wells Fargo & Company MN now owns 51,146 shares of the pipeline company’s stock worth $1,471,000 after acquiring an additional 6,421 shares in the last quarter. US Bancorp DE raised its position in Tallgrass Energy GP, by 1,480.2% during the first quarter. US Bancorp DE now owns 30,798 shares of the pipeline company’s stock worth $886,000 after acquiring an additional 28,849 shares in the last quarter. Bank of New York Mellon Corp raised its position in Tallgrass Energy GP, by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 57,562 shares of the pipeline company’s stock worth $1,655,000 after acquiring an additional 665 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in Tallgrass Energy GP, during the first quarter worth $115,000. 99.74% of the stock is currently owned by hedge funds and other institutional investors.

Tallgrass Energy GP, LP (NYSE TEGP) opened at 28.22 on Friday. Tallgrass Energy GP, LP has a 12 month low of $21.74 and a 12 month high of $29.30. The stock has a 50 day moving average of $27.14 and a 200 day moving average of $27.81. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 41.75 and a beta of 2.16.

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 Zacks’ consensus estimate of $0.23 by ($0.08). The company had revenue of $160.86 million during the quarter, compared to analysts’ expectations of $166.78 million. Tallgrass Energy GP, had a return on equity of 2.01% and a net margin of 5.91%. Equities analysts anticipate that Tallgrass Energy GP, LP will post $0.92 EPS for the current fiscal year.

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TEGP has been the topic of several analyst reports. Zacks Investment Research raised shares of Tallgrass Energy GP, from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Friday, June 16th. BidaskClub raised shares of Tallgrass Energy GP, from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Morgan Stanley reissued an “equal weight” rating and issued a $29.00 price objective (up from $28.00) on shares of Tallgrass Energy GP, in a research report on Friday, July 14th. Stifel Nicolaus reissued a “buy” rating and issued a $31.00 price objective on shares of Tallgrass Energy GP, in a research report on Friday, July 14th. Finally, Scotiabank set a $28.00 price objective on shares of Tallgrass Energy GP, and gave the company a “hold” rating in a research report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $29.78.

Tallgrass Energy GP, Profile

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Institutional Ownership by Quarter for Tallgrass Energy GP, (NYSE:TEGP)

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