Insider Buying: Tallgrass Energy Partners, LP (TEP) Insider Purchases $31,460.00 in Stock

Tallgrass Energy Partners, LP (NYSE:TEP) insider David G. Dehaemers, Jr. bought 715 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $44.00 per share, with a total value of $31,460.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Tallgrass Energy Partners, LP (NYSE TEP) traded down $0.61 during trading hours on Friday, reaching $43.50. The company’s stock had a trading volume of 217,976 shares, compared to its average volume of 224,627. Tallgrass Energy Partners, LP has a one year low of $42.86 and a one year high of $55.50. The firm has a market capitalization of $3,184.20, a P/E ratio of 11.76 and a beta of 1.01. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.55 and a quick ratio of 0.50.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were issued a $0.945 dividend. The ex-dividend date was Monday, October 30th. This is an increase from Tallgrass Energy Partners,’s previous quarterly dividend of $0.93. This represents a $3.78 dividend on an annualized basis and a yield of 8.69%. Tallgrass Energy Partners,’s payout ratio is presently 98.93%.

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Several analysts have recently weighed in on TEP shares. Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 target price on shares of Tallgrass Energy Partners, in a research report on Monday, July 31st. Barclays PLC lifted their price objective on Tallgrass Energy Partners, from $58.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. BidaskClub downgraded Tallgrass Energy Partners, from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Robert W. Baird reiterated a “buy” rating and issued a $67.00 target price on shares of Tallgrass Energy Partners, in a research note on Thursday, August 24th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $59.11.

Several hedge funds have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. raised its stake in shares of Tallgrass Energy Partners, by 2.7% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 7,522,832 shares of the pipeline company’s stock worth $360,268,000 after buying an additional 195,068 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of Tallgrass Energy Partners, during the 3rd quarter worth approximately $797,000. Guardian Capital LP acquired a new position in shares of Tallgrass Energy Partners, during the 3rd quarter worth approximately $479,000. Oppenheimer Asset Management Inc. raised its stake in shares of Tallgrass Energy Partners, by 9.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,536 shares of the pipeline company’s stock worth $792,000 after buying an additional 1,462 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of Tallgrass Energy Partners, by 5.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 26,176 shares of the pipeline company’s stock worth $1,254,000 after buying an additional 1,470 shares during the period. 63.00% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Tallgrass Energy Partners, (NYSE:TEP)

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