Robert W. Baird Has Just Reaffirmed $66.0 Target Price Per Share on Tallgrass Energy (NYSE:TEP) stock, While They’ve Also Reiterated Their Buy Rating

January 21, 2018 - By Darrin Black

 Robert W. Baird Has Just Reaffirmed $66.0 Target Price Per Share on Tallgrass Energy (NYSE:TEP) stock, While They’ve Also Reiterated Their Buy Rating

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.14, from 1.07 in 2017Q2. It increased, as 10 investors sold Tallgrass Energy Partners, LP shares while 42 reduced holdings. 20 funds opened positions while 43 raised stakes. 43.51 million shares or 0.36% less from 43.67 million shares in 2017Q2 were reported.

68,144 were accumulated by Bnp Paribas Arbitrage. Virtu Lc holds 0.07% or 8,598 shares in its portfolio. Cypress Cap Ltd Liability Corp (Wy) stated it has 0.04% in Tallgrass Energy Partners, LP (NYSE:TEP). Fort Washington Inv Advsr Incorporated Oh has invested 0.07% in Tallgrass Energy Partners, LP (NYSE:TEP). First Advisors L P has invested 0.01% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP). Illinois-based Hightower Advsrs Ltd Liability has invested 0.01% in Tallgrass Energy Partners, LP (NYSE:TEP). Jennison Assocs Ltd Liability Corp has invested 0.02% in Tallgrass Energy Partners, LP (NYSE:TEP). Cohen Steers Inc holds 0.01% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP) for 93,899 shares. Oppenheimer Asset Management holds 0.02% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP) for 16,536 shares. 4,740 are owned by State Street. Bush Odonnell Investment holds 7,600 shares. Friedberg Inv Mgmt reported 4,200 shares or 0.32% of all its holdings. Bb&T Secs Ltd Llc stated it has 24,275 shares or 0.02% of all its holdings. Botty stated it has 6,929 shares or 0.11% of all its holdings. Alliancebernstein Lp holds 0% or 10,177 shares in its portfolio.

Tallgrass Energy (NYSE:TEP) Rating Reaffirmed

Robert W. Baird now has a $66.0 target price per share on the $3.35B market cap company or 46.02 % upside potential. In a report sent to clients and investors on Monday, 30 October, Tallgrass Energy (NYSE:TEP) shares have had their Buy Rating reconfirmed by professional analysts at Robert W. Baird.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.14, from 1.07 in 2017Q2. It increased, as 10 investors sold Tallgrass Energy Partners, LP shares while 42 reduced holdings. 20 funds opened positions while 43 raised stakes. 43.51 million shares or 0.36% less from 43.67 million shares in 2017Q2 were reported.

68,144 were accumulated by Bnp Paribas Arbitrage. Virtu Lc holds 0.07% or 8,598 shares in its portfolio. Cypress Cap Ltd Liability Corp (Wy) stated it has 0.04% in Tallgrass Energy Partners, LP (NYSE:TEP). Fort Washington Inv Advsr Incorporated Oh has invested 0.07% in Tallgrass Energy Partners, LP (NYSE:TEP). First Advisors L P has invested 0.01% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP). Illinois-based Hightower Advsrs Ltd Liability has invested 0.01% in Tallgrass Energy Partners, LP (NYSE:TEP). Jennison Assocs Ltd Liability Corp has invested 0.02% in Tallgrass Energy Partners, LP (NYSE:TEP). Cohen Steers Inc holds 0.01% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP) for 93,899 shares. Oppenheimer Asset Management holds 0.02% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP) for 16,536 shares. 4,740 are owned by State Street. Bush Odonnell Investment holds 7,600 shares. Friedberg Inv Mgmt reported 4,200 shares or 0.32% of all its holdings. Bb&T Secs Ltd Llc stated it has 24,275 shares or 0.02% of all its holdings. Botty stated it has 6,929 shares or 0.11% of all its holdings. Alliancebernstein Lp holds 0% or 10,177 shares in its portfolio.

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

Among 11 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Tallgrass Energy Partners LP has $6900 highest and $36 lowest target. $55.73’s average target is 23.30% above currents $45.2 stock price. Tallgrass Energy Partners LP had 40 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded the shares of TEP in report on Thursday, January 28 to “Hold” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, August 4. The firm earned “Hold” rating on Thursday, January 4 by U.S. Capital Advisors. The rating was upgraded by Citigroup to “Buy” on Tuesday, January 9. Credit Suisse maintained the shares of TEP in report on Thursday, May 19 with “Outperform” rating. On Monday, May 2 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Macquarie Research maintained it with “” rating and $61 target in Monday, April 24 report. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, February 18. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 13. The firm has “Neutral” rating by Citigroup given on Wednesday, February 22.

The stock increased 1.23% or $0.55 during the last trading session, reaching $45.2. About 316,441 shares traded or 2.90% up from the average. Tallgrass Energy Partners, LP (NYSE:TEP) has risen 2.55% since January 21, 2017 and is uptrending. It has underperformed by 14.15% the S&P500.

Analysts await Tallgrass Energy Partners, LP (NYSE:TEP) to report earnings on February, 21. They expect $0.68 EPS, up 13.33 % or $0.08 from last year’s $0.6 per share. TEP’s profit will be $50.34M for 16.62 P/E if the $0.68 EPS becomes a reality. After $1.83 actual EPS reported by Tallgrass Energy Partners, LP for the previous quarter, Wall Street now forecasts -62.84 % negative EPS growth.

Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. The company has market cap of $3.35 billion. It operates in three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics, and Processing & Logistics. It has a 12.12 P/E ratio. The Crude Oil Transportation & Logistics segment engages in the ownership and operation of the Pony Express System, a crude oil pipeline serving the Bakken Shale, Denver-Julesburg, and Powder River Basins, as well as other nearby oil producing basins.

More notable recent Tallgrass Energy Partners, LP (NYSE:TEP) news were published by: Seekingalpha.com which released: “Tallgrass: Empty Pipes Or Money On Tap? Will The Cash Continue To Flow?” on January 21, 2018, also Businesswire.com with their article: “Tallgrass Energy Partners Announces Continental Resources Contract Extension” published on December 28, 2017, Businesswire.com published: “Tallgrass Energy Partners Announces Crude Oil Terminal Acquisitions and …” on January 03, 2018. More interesting news about Tallgrass Energy Partners, LP (NYSE:TEP) were released by: Seekingalpha.com and their article: “Tallgrass Energy Partners: This High Yielder Is Not Getting Enough Credit” published on January 19, 2018 as well as Bizjournals.com‘s news article titled: “Leawood energy company announces $50M in acquisitions” with publication date: January 08, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.