Taylor Wealth Management Partners buys $4,851,206 stake in Tallgrass Energy Partners LP (TEP)

Tallgrass Energy Partners LP (TEP) : Taylor Wealth Management Partners scooped up 4,365 additional shares in Tallgrass Energy Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 101,130 shares of Tallgrass Energy Partners LP which is valued at $4,851,206.Tallgrass Energy Partners LP makes up approximately 1.92% of Taylor Wealth Management Partners’s portfolio.

Other Hedge Funds, Including , Plante Moran Financial Advisors sold out all of its stake in TEP during the most recent quarter. The investment firm sold 89 shares of TEP which is valued $4,269.Quantbot Technologies Lp reduced its stake in TEP by selling 680 shares or 36.6% in the most recent quarter. The Hedge Fund company now holds 1,178 shares of TEP which is valued at $56,509. Tallgrass Energy Partners LP makes up approx 0.01% of Quantbot Technologies Lp’s portfolio. Ftb Advisors added TEP to its portfolio by purchasing 545 company shares during the most recent quarter which is valued at $25,773.Dividend Assets Capital boosted its stake in TEP in the latest quarter, The investment management firm added 22,355 additional shares and now holds a total of 484,965 shares of Tallgrass Energy Partners LP which is valued at $21,934,967. Tallgrass Energy Partners LP makes up approx 0.64% of Dividend Assets Capital’s portfolio.Oakworth Capital boosted its stake in TEP in the latest quarter, The investment management firm added 157 additional shares and now holds a total of 470 shares of Tallgrass Energy Partners LP which is valued at $21,639. Tallgrass Energy Partners LP makes up approx 0.01% of Oakworth Capital’s portfolio.

Tallgrass Energy Partners LP opened for trading at $47.53 and hit $48.495 on the upside on Monday, eventually ending the session at $47.99, with a gain of 1.59% or 0.75 points. The heightened volatility saw the trading volume jump to 1,52,951 shares. Company has a market cap of $3,461 M.

On the company’s financial health, Tallgrass Energy Partners LP reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.60. The company had revenue of $146.90 million for the quarter, compared to analysts expectations of $151.68 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Tallgrass Energy Partners LP owns operates acquires and develops midstream energy assets in North America. The Company provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through Tallgrass Interstate Gas Transmission system and the Trailblazer Pipeline. The Company’s business segments include Natural Gas Transportation & Logistics which includes the ownership and operation of Federal Energy Regulatory Commission(FERC)-regulated interstate natural gas pipelines and integrated 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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