Commonwealth Of Pennsylvania Public School Empls Retrmt Sys Lowers stake in Tallgrass Energy Partners LP (TEP)

Tallgrass Energy Partners LP (TEP) : Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in Tallgrass Energy Partners LP by 0.2% during the most recent quarter end. The investment management company now holds a total of 886,335 shares of Tallgrass Energy Partners LP which is valued at $43,129,061 after selling 1,789 shares in Tallgrass Energy Partners LP , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Tallgrass Energy Partners LP makes up approximately 0.82% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.

Other Hedge Funds, Including , Wfg Advisors Lp boosted its stake in TEP in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 109 shares of Tallgrass Energy Partners LP which is valued at $5,304.Global X Management Co boosted its stake in TEP in the latest quarter, The investment management firm added 11,511 additional shares and now holds a total of 15,676 shares of Tallgrass Energy Partners LP which is valued at $742,886. Tallgrass Energy Partners LP makes up approx 0.04% of Global X Management Co’s portfolio.Jennison Associates reduced its stake in TEP by selling 6,802 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 326,338 shares of TEP which is valued at $15,654,434. Tallgrass Energy Partners LP makes up approx 0.02% of Jennison Associates’s portfolio. Cypress Capital Management (wy) sold out all of its stake in TEP during the most recent quarter. The investment firm sold 1,255 shares of TEP which is valued $59,349.

Tallgrass Energy Partners LP closed down -0.74 points or -1.55% at $46.97 with 2,97,002 shares getting traded on Tuesday. Post opening the session at $47.34, the shares hit an intraday low of $46.64 and an intraday high of $47.64 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Tallgrass Energy Partners LP reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.60. The company had revenue of $146.90 million for the quarter, compared to analysts expectations of $151.68 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Tallgrass Energy Partners LP owns operates acquires and develops midstream energy assets in North America. The Company provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through Tallgrass Interstate Gas Transmission system and the Trailblazer Pipeline. The Company’s business segments include Natural Gas Transportation & Logistics which includes the ownership and operation of Federal Energy Regulatory Commission(FERC)-regulated interstate natural gas pipelines and integrated natural gas storage facilities; Crude Oil Transportation & Logistics which includes the ownership and operation of a crude oil pipeline system and Processing & Logistics which includes the ownership and operation of natural gas processing treating and fractionation facilities as well as water business services provided to the oil and gas exploration and production industry.

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