Tallgrass Energy GP, LP (TEGP) Position Held by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC continued to hold its position in shares of Tallgrass Energy GP, LP (NYSE:TEGP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the pipeline company’s stock at the end of the first quarter. Nisa Investment Advisors LLC’s holdings in Tallgrass Energy GP, were worth $288,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HITE Hedge Asset Management LLC purchased a new position in shares of Tallgrass Energy GP, during the fourth quarter worth about $221,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Tallgrass Energy GP, by 5.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,285 shares of the pipeline company’s stock worth $410,000 after buying an additional 771 shares during the last quarter. Bank of Montreal Can raised its position in shares of Tallgrass Energy GP, by 0.6% in the first quarter. Bank of Montreal Can now owns 22,158 shares of the pipeline company’s stock worth $637,000 after buying an additional 126 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of Tallgrass Energy GP, by 21.3% in the fourth quarter. First Republic Investment Management Inc. now owns 39,185 shares of the pipeline company’s stock worth $1,050,000 after buying an additional 6,880 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its position in shares of Tallgrass Energy GP, by 34.8% in the third quarter. AMP Capital Investors Ltd now owns 46,361 shares of the pipeline company’s stock worth $1,115,000 after buying an additional 11,961 shares during the last quarter.

Institutional Ownership by Quarter for Tallgrass Energy GP, (NYSE:TEGP)

Shares of Tallgrass Energy GP, LP (NYSE TEGP) traded up 0.60% on Friday, reaching $23.45. 842,691 shares of the company’s stock were exchanged. Tallgrass Energy GP, LP has a 12 month low of $20.38 and a 12 month high of $29.50. The firm’s 50-day moving average price is $26.08 and its 200 day moving average price is $26.85. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 38.63 and a beta of 2.17.

Tallgrass Energy GP, (NYSE:TEGP) last released its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Tallgrass Energy GP, had a return on equity of 1.69% and a net margin of 5.17%. The company had revenue of $144.40 million during the quarter, compared to analysts’ expectations of $165.67 million. Equities research analysts predict that Tallgrass Energy GP, LP will post $0.94 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Tallgrass Energy GP, from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research note on Friday. TheStreet upgraded Tallgrass Energy GP, from an “e+” rating to a “c” rating in a report on Wednesday, May 17th. Scotiabank restated a “hold” rating and issued a $28.00 target price on shares of Tallgrass Energy GP, in a report on Thursday, April 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $30.00 price objective on shares of Tallgrass Energy GP, in a report on Friday, March 17th. Finally, Macquarie initiated coverage on Tallgrass Energy GP, in a report on Friday, April 21st. They set an “outperform” rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Tallgrass Energy GP, has a consensus rating of “Buy” and a consensus target price of $28.33.

Tallgrass Energy GP, Company Profile

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