Tallgrass Energy Partners LP (TEP) : Argyll Research reduced its stake in Tallgrass Energy Partners LP by 6.27% during the most recent quarter end. The investment management company now holds a total of 304,624 shares of Tallgrass Energy Partners LP which is valued at $13.7 Million after selling 20,376 shares in Tallgrass Energy Partners LP , the firm said in a disclosure report filed with the SEC on May 13, 2016.Tallgrass Energy Partners LP makes up approximately 3.04% of Argyll Research’s portfolio.
Other Hedge Funds, Including , Rafferty Asset Management sold out all of its stake in TEP during the most recent quarter. The investment firm sold 7,956 shares of TEP which is valued $357,224. Penserra Capital Management sold out all of its stake in TEP during the most recent quarter. The investment firm sold 30,702 shares of TEP which is valued $1.4 Million.Yorkville Capital Management reduced its stake in TEP by selling 50,170 shares or 31.48% in the most recent quarter. The Hedge Fund company now holds 109,191 shares of TEP which is valued at $4.8 Million. Tallgrass Energy Partners LP makes up approx 5.77% of Yorkville Capital Management’s portfolio. Quantbot Technologies Lp added TEP to its portfolio by purchasing 1,858 company shares during the most recent quarter which is valued at $76,364. Tallgrass Energy Partners LP makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.
Tallgrass Energy Partners LP closed down -0.1 points or -0.22% at $46.01 with 4,86,358 shares getting traded on Wednesday. Post opening the session at $46, the shares hit an intraday low of $45.17 and an intraday high of $47.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Tallgrass Energy Partners LP reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.57. The company had revenue of $145.40 million for the quarter, compared to analysts expectations of $147.53 million. The company’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on Tallgrass Energy Partners LP. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 49 from a previous price target of $36 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .Shares were Reiterated by Barclays on Feb 18, 2016 to “Equal Weight” and Lowered the Price Target to $ 36 from a previous price target of $42 .
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 Companys 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.