Nelson Van Denburg & Campbell Wealth Management Group LLC trimmed its position in shares of Tallgrass Energy LP (NYSE:TGE) by 54.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,559 shares of the company’s stock after selling 4,237 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Tallgrass Energy were worth $71,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Williams Jones & Associates LLC bought a new position in Tallgrass Energy during the 1st quarter valued at about $293,000. GSA Capital Partners LLP bought a new position in Tallgrass Energy during the 2nd quarter valued at about $440,000. GYL Financial Synergies LLC bought a new position in Tallgrass Energy during the 1st quarter valued at about $761,000. CX Institutional bought a new position in Tallgrass Energy during the 2nd quarter valued at about $2,586,000. Finally, Catalyst Capital Advisors LLC grew its holdings in Tallgrass Energy by 87.5% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 685,997 shares of the company’s stock valued at $14,481,000 after purchasing an additional 320,211 shares during the last quarter. Institutional investors own 55.32% of the company’s stock.
Several equities analysts recently commented on TGE shares. Zacks Investment Research downgraded shares of Tallgrass Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Piper Jaffray Companies started coverage on shares of Tallgrass Energy in a report on Wednesday, July 17th. They set a “neutral” rating and a $25.00 price target on the stock. ValuEngine upgraded shares of Tallgrass Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 28th. Robert W. Baird downgraded shares of Tallgrass Energy from an “outperform” rating to a “neutral” rating and cut their price target for the company from $28.00 to $20.00 in a report on Thursday, August 29th. Finally, Scotiabank started coverage on shares of Tallgrass Energy in a research report on Tuesday, September 3rd. They issued a “sector perform” rating and a $19.50 price objective for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Tallgrass Energy has a consensus rating of “Hold” and an average price target of $23.15.
Tallgrass Energy stock opened at $19.42 on Friday. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 15.29 and a beta of 0.69. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.69 and a quick ratio of 0.61. Tallgrass Energy LP has a 1 year low of $14.28 and a 1 year high of $25.96. The firm has a 50-day moving average of $19.28 and a two-hundred day moving average of $21.56.
Tallgrass Energy (NYSE:TGE) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $211.52 million during the quarter, compared to analysts’ expectations of $226.00 million. Tallgrass Energy had a net margin of 29.12% and a return on equity of 10.71%. Research analysts expect that Tallgrass Energy LP will post 1.39 earnings per share for the current year.
Tallgrass Energy Company Profile
Tallgrass Energy, LP, through its subsidiaries, provides crude oil transportation services to customers in Wyoming, Colorado, Kansas, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling.
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