Samson Capital Management LLC decreased its stake in shares of Tallgrass Energy Partners, LP (NYSE:TEP) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,067 shares of the pipeline company’s stock after selling 636 shares during the period. Tallgrass Energy Partners, makes up 5.3% of Samson Capital Management LLC’s portfolio, making the stock its 10th biggest position. Samson Capital Management LLC owned about 0.15% of Tallgrass Energy Partners, worth $5,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TEP. Tortoise Capital Advisors L.L.C. grew its stake in shares of Tallgrass Energy Partners, by 15.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 7,327,764 shares of the pipeline company’s stock worth $367,048,000 after purchasing an additional 995,864 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Tallgrass Energy Partners, by 13.7% in the first quarter. Bank of America Corp DE now owns 1,655,913 shares of the pipeline company’s stock worth $88,095,000 after buying an additional 199,309 shares during the period. Alps Advisors Inc. boosted its holdings in shares of Tallgrass Energy Partners, by 4.3% in the second quarter. Alps Advisors Inc. now owns 3,380,112 shares of the pipeline company’s stock worth $169,310,000 after buying an additional 137,800 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Tallgrass Energy Partners, by 14.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,058,904 shares of the pipeline company’s stock worth $53,041,000 after buying an additional 133,102 shares during the period. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in shares of Tallgrass Energy Partners, by 3.4% in the second quarter. Kayne Anderson Capital Advisors LP now owns 3,350,309 shares of the pipeline company’s stock worth $167,808,000 after buying an additional 110,060 shares during the period. 62.11% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider David G. Dehaemers, Jr. purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average price of $45.13 per share, with a total value of $451,300.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David G. Dehaemers, Jr. purchased 17,350 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of $44.64 per share, for a total transaction of $774,504.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 30,350 shares of company stock worth $1,364,104.

Several analysts recently commented on the stock. Scotiabank set a $56.00 price target on shares of Tallgrass Energy Partners, and gave the stock a “buy” rating in a report on Friday, July 21st. BidaskClub raised shares of Tallgrass Energy Partners, from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 24th. Barclays PLC lifted their price target on shares of Tallgrass Energy Partners, from $58.00 to $61.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Morgan Stanley reissued an “equal weight” rating and issued a $59.00 price target (up previously from $57.00) on shares of Tallgrass Energy Partners, in a research report on Friday, July 14th. Finally, Robert W. Baird reissued a “buy” rating and issued a $67.00 price target on shares of Tallgrass Energy Partners, in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Tallgrass Energy Partners, has a consensus rating of “Hold” and a consensus price target of $61.22.

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Tallgrass Energy Partners, LP (TEP) traded down 0.25% during trading on Friday, reaching $48.45. The company’s stock had a trading volume of 28,114 shares. Tallgrass Energy Partners, LP has a 12 month low of $42.59 and a 12 month high of $55.50. The company’s 50-day moving average is $47.40 and its 200-day moving average is $49.94. The stock has a market cap of $3.54 billion, a PE ratio of 21.86 and a beta of 1.05.

Tallgrass Energy Partners, (NYSE:TEP) last released its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). The firm had revenue of $160.86 million for the quarter, compared to the consensus estimate of $158.93 million. Tallgrass Energy Partners, had a net margin of 46.63% and a return on equity of 20.47%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Equities analysts expect that Tallgrass Energy Partners, LP will post $3.91 EPS for the current fiscal year.

Tallgrass Energy Partners, Profile

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.

Institutional Ownership by Quarter for Tallgrass Energy Partners, (NYSE:TEP)

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