Tallgrass Energy GP LP(NYSE:TEGP) Declares Dividend of $0.2625.

Tallgrass Energy GP LP (NYSE:TEGP) had declared a cash dividend of $0.2625 on Oct 5, 2016. The shares will quote ex-dividend on Oct 27, 2016 and the record date has been fixed for Oct 31, 2016. On Oct 5, 2016 share price, the yield comes out to be 4.2510%. The dividend payable date has been fixed on Nov 14, 2016.

In a different note, On Jul 28, 2016, Barclays said it Maintains its rating on Tallgrass Energy GP LP. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Overweight’ by the firm.

Tallgrass Energy GP LP (TEGP) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.42% at a volume of 2,39,515. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.42. The peak price level was also seen at $24.42 while the days lowest was $23.68. Finally the shares closed at $23.95. The 52-week high of the shares is $26.81 while the 52-week low is $9.66. According to the latest information available, the market cap of the company is $3,766 M.

Tallgrass Energy GP LP(TEGP) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $146.93M. Analysts had an estimated revenue of $150.64M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.23.

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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