Tallgrass Energy Partners, LP (TEP) CEO David G. Dehaemers, Jr. Buys 10,426 Shares of Stock

Tallgrass Energy Partners, LP (NYSE:TEP) CEO David G. Dehaemers, Jr. acquired 10,426 shares of the stock in a transaction dated Monday, November 13th. The stock was bought at an average cost of $44.17 per share, with a total value of $460,516.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Tallgrass Energy Partners, LP (NYSE TEP) opened at $44.19 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.35. Tallgrass Energy Partners, LP has a fifty-two week low of $42.86 and a fifty-two week high of $55.50. The firm has a market capitalization of $3,300.58, a P/E ratio of 12.19 and a beta of 1.01.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be issued a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 8.55%. This is an increase from Tallgrass Energy Partners,’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, October 30th. Tallgrass Energy Partners,’s dividend payout ratio is presently 98.93%.

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Several equities research analysts have recently issued reports on the company. Barclays PLC reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Tallgrass Energy Partners, in a research note on Thursday, October 19th. ValuEngine raised Tallgrass Energy Partners, from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Robert W. Baird reiterated a “buy” rating and issued a $67.00 price target on shares of Tallgrass Energy Partners, in a report on Thursday, August 24th. Zacks Investment Research downgraded Tallgrass Energy Partners, from a “buy” rating to a “hold” rating in a report on Saturday, October 14th. Finally, BidaskClub downgraded Tallgrass Energy Partners, from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $59.33.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEP. The Manufacturers Life Insurance Company increased its holdings in Tallgrass Energy Partners, by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,140 shares of the pipeline company’s stock worth $107,000 after purchasing an additional 143 shares during the period. Ffcm LLC increased its holdings in Tallgrass Energy Partners, by 217.7% during the 2nd quarter. Ffcm LLC now owns 2,259 shares of the pipeline company’s stock worth $115,000 after purchasing an additional 1,548 shares during the period. Penserra Capital Management LLC increased its holdings in Tallgrass Energy Partners, by 300.3% during the 2nd quarter. Penserra Capital Management LLC now owns 2,858 shares of the pipeline company’s stock worth $142,000 after purchasing an additional 2,144 shares during the period. Doliver Capital Advisors LP purchased a new position in Tallgrass Energy Partners, during the 2nd quarter worth $216,000. Finally, Gilman Hill Asset Management LLC purchased a new position in Tallgrass Energy Partners, during the 2nd quarter worth $225,000. Institutional investors own 63.00% of the company’s stock.

About Tallgrass Energy Partners,

Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The Company operates through three segments: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics and Processing & Logistics. The Crude Oil Transportation & Logistics segment includes the ownership and operation of a Federal Energy Regulatory Commission (FERC) crude oil pipeline system, and crude oil storage and terminaling facilities.

Insider Buying and Selling by Quarter for Tallgrass Energy Partners, (NYSE:TEP)

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