Tallgrass Energy GP, (TEGP) Earning Somewhat Positive Press Coverage, Analysis Finds

Media coverage about Tallgrass Energy GP, (NYSE:TEGP) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tallgrass Energy GP, earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 45.4267211799345 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Several research firms have weighed in on TEGP. Stifel Nicolaus reiterated a “buy” rating and issued a $31.00 target price on shares of Tallgrass Energy GP, in a report on Friday, August 18th. Zacks Investment Research lowered shares of Tallgrass Energy GP, from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Robert W. Baird reiterated a “buy” rating and issued a $32.00 target price on shares of Tallgrass Energy GP, in a report on Tuesday, September 26th. Morgan Stanley cut their target price on shares of Tallgrass Energy GP, from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Barclays PLC raised their price objective on shares of Tallgrass Energy GP, from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Tallgrass Energy GP, has a consensus rating of “Hold” and a consensus target price of $30.11.

Shares of Tallgrass Energy GP, (TEGP) traded up $0.06 during trading hours on Tuesday, hitting $23.36. 186,600 shares of the company were exchanged, compared to its average volume of 203,931. Tallgrass Energy GP, has a fifty-two week low of $22.38 and a fifty-two week high of $29.50. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3,640.00 and a price-to-earnings ratio of 29.13.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.08%. This is a positive change from Tallgrass Energy GP,’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, October 30th. Tallgrass Energy GP,’s dividend payout ratio (DPR) is presently 171.25%.

In other Tallgrass Energy GP, news, Director Thomas A. Gerke bought 9,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $25.50 per share, with a total value of $249,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David G. Dehaemers, Jr. bought 5,428 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $25.04 per share, with a total value of $135,917.12. The disclosure for this purchase can be found here.

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