Tallgrass Energy Partners LP (TEP) : Tiedemann Wealth Management scooped up 295 additional shares in Tallgrass Energy Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 33,766 shares of Tallgrass Energy Partners LP which is valued at $1,643,054.Tallgrass Energy Partners LP makes up approximately 1.40% of Tiedemann Wealth Management’s portfolio.
Other Hedge Funds, Including , Atlantic Trust Group reduced its stake in TEP by selling 82,728 shares or 16.77% in the most recent quarter. The Hedge Fund company now holds 410,518 shares of TEP which is valued at $19,975,806. Tallgrass Energy Partners LP makes up approx 0.14% of Atlantic Trust Group’s portfolio.Acrospire Investment Management boosted its stake in TEP in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 2,800 shares of Tallgrass Energy Partners LP which is valued at $134,372. Tallgrass Energy Partners LP makes up approx 0.10% of Acrospire Investment Management’s portfolio. Blair William Coil added TEP to its portfolio by purchasing 35,445 company shares during the most recent quarter which is valued at $1,679,739. Tallgrass Energy Partners LP makes up approx 0.01% of Blair William Coil’s portfolio.
Tallgrass Energy Partners LP opened for trading at $45.93 and hit $46.41 on the upside on Monday, eventually ending the session at $46.33, with a gain of 0.89% or 0.41 points. The heightened volatility saw the trading volume jump to 1,53,055 shares. Company has a market cap of $3,341 M.
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 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.