Catawba Capital Management Va adds Tallgrass Energy Partners LP (TEP) to its portfolio

Tallgrass Energy Partners LP (TEP) : Catawba Capital Management Va added new position in Tallgrass Energy Partners LP during the most recent quarter end. The investment management firm now holds 13,560 shares of Tallgrass Energy Partners LP which is valued at $640,710 , the company said in a statement filed on Oct 7, 2016 with the SEC.Tallgrass Energy Partners LP makes up approximately 0.15% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa added TEP to its portfolio by purchasing 4,157 company shares during the most recent quarter which is valued at $199,578.

Tallgrass Energy Partners LP closed down -0.13 points or -0.27% at $47.25 with 2,39,648 shares getting traded on Friday. Post opening the session at $47.26, the shares hit an intraday low of $47.22 and an intraday high of $48.03 and the price fluctuated in this range throughout the day.Shares ended Friday 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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