Buy was Reconfirmed on Tallgrass Energy Partners (NYSE:TEP) by Citigroup; with $49 Target.

June 26, 2018 - By Maria Fierro

Big Money Sentiment decreased to 0.77 in Q1 2018. It has change of 0.34, from 2017Q4’s 1.11. The ratio turned negative due to Tallgrass Energy Partners, LP positioning: 26 sold and 39 reduced. 17 funds took stakes and 33 increased stakes. Investors holded 42.76 million in 2017Q4 but now own 40.42 million shares or 5.47% less.

Guardian Cap Lp owns 12,000 shs or 0.01% of their US capital. Cbre Clarion Secs Ltd Co holds 32,916 shs. Atlantic Tru Gp accumulated 942,849 shs or 0.16% of the stock. Bnp Paribas Arbitrage Sa owns 4,076 shs. Heronetta Management Lp owns 112,100 shs. Oxbow Advsr Limited Com holds 639,983 shs. Argyll Rech Limited Liability Company, Delaware-based fund reported 25,078 shs. Guggenheim Limited Liability Company invested in 0.01% or 68,853 shs. Nelson Van Denburg And Campbell Wealth Grp Limited Liability Corp holds 4,366 shs. Moreover, Boyer Corporon Wealth Mgmt Ltd Liability Corp has 0.85% invested in Tallgrass Energy Partners, LP (NYSE:TEP). Mariner Ltd Liability Com has 35,301 shs for 0.05% of their capital. Advantus Capital Management Incorporated holds 13,900 shs or 0.01% of its capital. Groesbeck Invest Mgmt Corp Nj owns 54,174 shs or 1.49% of their US capital. Green Square Cap Ltd Com stated it has 67,198 shs. Royal Bankshares Of Canada stated it has 24,489 shs or 0% of all its holdings.

Reiterated Tallgrass Energy Partners (NYSE:TEP) Rating.

Tallgrass Energy Partners (NYSE:TEP)‘s stock Buy rating was kept by Analysts at Citigroup on Monday morning. The broker’s Research professionals have a $49 TP and gives a potential upside of 6.52 % on the stock.

Tallgrass Energy Partners, LP (NYSE:TEP) Ratings Coverage

In total 9 analysts cover Tallgrass Energy (NYSE:TEP). “Buy” rating has 4, “Sell” are 0, while 5 are “Hold”. (NYSE:TEP) has 44% bullish analysts. With $58.0 highest and $41 lowest price target, Tallgrass Energy has $48.50 average price target or 5.43% above the current ($46) price. 21 are the (NYSE:TEP)’s ratings reports on Jun 26, 2018 according to StockzIntelligence Inc. On Monday, June 25 the firm has “Buy” rating given by Citigroup. On Thursday, January 4 U.S. Capital Advisors downgraded the shares of TEP in report to “Hold” rating. On Tuesday, January 9 the firm earned “Buy” rating by Citigroup. On Wednesday, February 14 the firm earned “Buy” rating by Scotia Capital. On Monday, January 29 Scotia Capital maintained Tallgrass Energy Partners, LP (NYSE:TEP) rating. Scotia Capital has “Buy” rating and $55.0 target. On Wednesday, March 28 Morgan Stanley maintained Tallgrass Energy Partners, LP (NYSE:TEP) rating. Morgan Stanley has “Equal-Weight” rating and $42 target. The company rating was maintained by Robert W. Baird on Thursday, February 8. On Thursday, April 5 Robert W. Baird maintained Tallgrass Energy Partners, LP (NYSE:TEP) with “Buy” rating. On Wednesday, March 28 the firm has “Hold” rating by Stifel Nicolaus given. In Tuesday, January 2 report Stifel Nicolaus maintained it with “Buy” rating and $57.0 target.

The stock increased 1.64% or $0.74 during the last trading session, reaching $46.Currently Tallgrass Energy Partners, LP is downtrending after 16.37% change in last June 26, 2017. TEP has 309,387 shares volume. TEP underperformed by 28.94% the S&P 500.

On August, 1 WallStreet expected Tallgrass Energy Partners, LP (NYSE:TEP)’s earnings release, according to RTT. Analysts expect change of 22.22 % or $0.16 from previous year’s $0.72 earnings per share compared to current’s $0.56 earnings per share. In case of $0.56 earnings per share TEP’s profit could reach $41.46M. Wall Street now predicts -38.46 % negative EPS growth despite Tallgrass Energy Partners, LP previous quarter’s EPS of $0.91.

Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America.The firm is worth $3.41 billion. It operates through Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling divisions.10.8 is the P/E ratio. The Natural Gas Transportation segment engages in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities with approximately 4,641 miles of transportation pipelines in Wyoming, Colorado, Kansas, Missouri, and Nebraska.

Another two news for Tallgrass Energy Partners, LP (NYSE:TEP) were briefly announced by: Prnewswire.com on June 19, 2018 with title “Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP Index”. The other Seekingalpha.com‘s article was titled “Midstream Eases Higher” and announced on June 25, 2018.

Tallgrass Energy Partners, LP (NYSE:TEP) Institutional Investors Chart

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