News coverage about Tallgrass Energy GP, (NYSE:TEGP) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tallgrass Energy GP, earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 45.7397635400091 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Tallgrass Energy GP, (NYSE:TEGP) traded up 0.91% during trading on Tuesday, hitting $26.50. 281,502 shares of the company traded hands. Tallgrass Energy GP, has a 52-week low of $21.74 and a 52-week high of $29.50. The stock has a market capitalization of $1.54 billion, a PE ratio of 39.20 and a beta of 2.16. The company has a 50-day moving average of $25.29 and a 200-day moving average of $26.41.
Tallgrass Energy GP, (NYSE:TEGP) last announced its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.08. The business had revenue of $160.86 million during the quarter, compared to analyst estimates of $166.78 million. Tallgrass Energy GP, had a net margin of 5.91% and a return on equity of 2.01%. Equities analysts expect that Tallgrass Energy GP, will post $0.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Friday, July 28th were issued a $0.3425 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 5.22%. This is an increase from Tallgrass Energy GP,’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, July 26th. Tallgrass Energy GP,’s dividend payout ratio is 201.47%.
TEGP has been the subject of several research analyst reports. Zacks Investment Research raised shares of 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 report on Friday, June 16th. Scotiabank set a $28.00 price objective on shares of Tallgrass Energy GP, and gave the company a “hold” rating in a research report on Saturday, July 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $29.00 price objective (up from $28.00) on shares of Tallgrass Energy GP, in a research report on Friday, July 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Tallgrass Energy GP, in a research report on Friday, July 14th. Finally, TheStreet raised shares of Tallgrass Energy GP, from an “e+” rating to a “c” rating in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.78.
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Tallgrass Energy GP, Company Profile
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