Tallgrass Energy GP (TEGP) Earning Somewhat Positive Press Coverage, Analysis Finds

Media coverage about Tallgrass Energy GP (NYSE:TEGP) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tallgrass Energy GP earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.7423191473631 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $31.00 target price on shares of Tallgrass Energy GP in a report on Friday, August 18th. Robert W. Baird reissued a “buy” rating and issued a $33.00 price target on shares of Tallgrass Energy GP in a research note on Thursday. Morgan Stanley dropped their price target on Tallgrass Energy GP from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Zacks Investment Research raised Tallgrass Energy GP from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Barclays reissued a “buy” rating and issued a $34.00 price target on shares of Tallgrass Energy GP in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Tallgrass Energy GP currently has a consensus rating of “Hold” and an average target price of $30.22.

Shares of Tallgrass Energy GP (NYSE:TEGP) traded up $0.76 on Thursday, reaching $23.82. The company’s stock had a trading volume of 143,247 shares, compared to its average volume of 212,522. Tallgrass Energy GP has a 12-month low of $21.79 and a 12-month high of $29.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.50 and a current ratio of 0.55. The firm has a market capitalization of $3,660.00 and a price-to-earnings ratio of 29.35.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were paid a $0.355 dividend. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Tallgrass Energy GP’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a yield of 5.96%. Tallgrass Energy GP’s payout ratio is 171.25%.

In other news, insider David G. Dehaemers, Jr. bought 5,428 shares of the stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of $25.04 per share, with a total value of $135,917.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas A. Gerke bought 9,800 shares of the stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of $25.50 per share, for a total transaction of $249,900.00. The disclosure for this purchase can be found here.

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Tallgrass Energy GP Company Profile

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