Tallgrass Energy GP LP(NYSE:TEGP) Declares Dividend of $0.2450.

Tallgrass Energy GP LP (NYSE:TEGP) had declared a cash dividend of $0.2450 on Jul 6, 2016. The shares will quote ex-dividend on Jul 27, 2016 and the record date has been fixed for Jul 29, 2016. On Jul 6, 2016 share price, the yield comes out to be 4.3691%. The dividend payable date has been fixed on Aug 12, 2016.

In a different note, On May 19, 2016, Credit Suisse said it Maintains its rating on Tallgrass Energy GP LP. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 6, 2016, Baird said it Upgrades its rating on Tallgrass Energy GP LP. The shares have been rated ‘Outperform’ by the firm. On May 3, 2016, Citigroup said it Maintains its rating on Tallgrass Energy GP LP. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Buy’ by the firm. On May 2, 2016, Stifel Nicolaus said it Upgrades its rating on Tallgrass Energy GP LP. The shares have been rated ‘Buy’ by the firm. On May 2, 2016, Barclays said it Maintains its rating on Tallgrass Energy GP LP. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 18, 2016, Deutsche Bank said it Upgrades its rating on Tallgrass Energy GP LP. The shares have been rated ‘Buy’ by the firm.

Tallgrass Energy GP LP (TEGP) made into the market gainers list on Mondays trading session with the shares advancing 1.55% or 0.37 points. Due to strong positive momentum, the stock ended at $24.24, which is also near the day’s high of $24.49. The stock began the session at $24 and the volume stood at 1,38,485 shares. The 52-week high of the shares is $32.1 and the 52 week low is $9.66. The company has a current market capitalization of $3,811 M and it has 15,72,29,440 shares in outstanding.

Tallgrass Energy GP LP(TEGP) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $145.41M. Analysts had an estimated revenue of $151.01M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.11.

Several Insider Transactions has been reported to the SEC. On Dec 11, 2015, Gary J Brauchle (officer ) purchased 6,450 shares at $16.13 per share price.Also, On Dec 11, 2015, David G Jr Dehaemers (CEO) purchased 25,000 shares at $16.04 per share price.On May 12, 2015, John T Raymond (director 10% owner) purchased 235,000 shares at $29.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Tallgrass Energy GP LP (TEGP) is a limited partnership company. The Company holds indirect interests in the general partner of Tallgrass Energy Partners LP (TEP) including all of TEP’s incentive distribution rights. TEP is engaged in the transportation storage and processing of natural gas the transportation of crude oil and the provision of water business services primarily to the oil and gas exploration and production industry. TEP’s business segments are Natural Gas Transportation & Logistics which includes the ownership and operation of interstate natural gas pipelines and natural gas storage facilities; Crude Oil Transportation & Logistics which includes the ownership and operation of a crude oil pipeline system and Processing & Logistics which includes the ownership and operation of natural gas processing treating and fractionation facilities as well as water business services provided to the oil and gas exploration and production industry.

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