Tallgrass Energy Partners, LP (NYSE:TEP) CEO David G. Dehaemers, Jr. purchased 10,000 shares of Tallgrass Energy Partners, stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $46.35 per share, for a total transaction of $463,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Tallgrass Energy Partners, LP (NYSE:TEP) opened at $45.09 on Friday. Tallgrass Energy Partners, LP has a 12 month low of $42.86 and a 12 month high of $55.50. The company has a market capitalization of $3,340.10, a price-to-earnings ratio of 12.33 and a beta of 1.01. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.35.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be paid a $0.945 dividend. This is a boost from Tallgrass Energy Partners,’s previous quarterly dividend of $0.93. This represents a $3.78 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date is Monday, October 30th. Tallgrass Energy Partners,’s dividend payout ratio is currently 98.93%.

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Several hedge funds and other institutional investors have 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 second quarter. Tortoise Capital Advisors L.L.C. now owns 7,327,764 shares of the pipeline company’s stock worth $367,048,000 after acquiring an additional 995,864 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Tallgrass Energy Partners, by 13.0% in the third quarter. Alps Advisors Inc. now owns 3,818,712 shares of the pipeline company’s stock worth $182,878,000 after acquiring an additional 438,600 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake 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 acquiring an additional 133,102 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Tallgrass Energy Partners, by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 871,105 shares of the pipeline company’s stock worth $41,081,000 after acquiring an additional 130,240 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its stake 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 acquiring an additional 110,060 shares during the last quarter. 62.21% of the stock is currently owned by hedge funds and other institutional investors.

TEP has been the topic of several recent research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $67.00 price target on shares of Tallgrass Energy Partners, in a research note on Thursday, August 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $69.00 price target on shares of Tallgrass Energy Partners, in a research note on Friday, July 14th. ValuEngine raised Tallgrass Energy Partners, from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research raised Tallgrass Energy Partners, from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Thursday, October 5th. Finally, BidaskClub cut Tallgrass Energy Partners, from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $59.33.

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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