Tallgrass Energy Partners LP (TEP) : Tortoise Capital Advisors L.l.c. added new position in Tallgrass Energy Partners LP during the most recent quarter end. The investment management firm now holds 5,648,116 shares of Tallgrass Energy Partners LP which is valued at $274,837,325 , the company said in a statement filed on Aug 11, 2016 with the SEC.Tallgrass Energy Partners LP makes up approximately 1.92% of Tortoise Capital Advisors L.l.c.’s portfolio.
Other Hedge Funds, Including , Credit Suisse Ag reduced its stake in TEP by selling 125,217 shares or 38.68% in the most recent quarter. The Hedge Fund company now holds 198,525 shares of TEP which is valued at $9,660,227. Tallgrass Energy Partners LP makes up approx 0.01% of Credit Suisse Ag’s portfolio. Bb&t Securities added TEP to its portfolio by purchasing 19,210 company shares during the most recent quarter which is valued at $907,480. Tallgrass Energy Partners LP makes up approx 0.01% of Bb&t Securities’s portfolio. Ftb Advisors added TEP to its portfolio by purchasing 545 company shares during the most recent quarter which is valued at $25,773.Alps Advisors Inc boosted its stake in TEP in the latest quarter, The investment management firm added 2,397,067 additional shares and now holds a total of 2,408,755 shares of Tallgrass Energy Partners LP which is valued at $108,947,989. Tallgrass Energy Partners LP makes up approx 0.96% of Alps Advisors Inc’s portfolio.Pointe Capital Management reduced its stake in TEP by selling 15,351 shares or 31.74% in the most recent quarter. The Hedge Fund company now holds 33,013 shares of TEP which is valued at $1,493,178. Tallgrass Energy Partners LP makes up approx 1.08% of Pointe Capital Management’s portfolio.
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 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.