Tiedemann Trust Co Lowers stake in Tallgrass Energy Partners LP (TEP)

Tallgrass Energy Partners LP (TEP) : Tiedemann Trust Co reduced its stake in Tallgrass Energy Partners LP by 20.66% during the most recent quarter end. The investment management company now holds a total of 362,818 shares of Tallgrass Energy Partners LP which is valued at $17,654,724 after selling 94,460 shares in Tallgrass Energy Partners LP , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Tallgrass Energy Partners LP makes up approximately 3.34% of Tiedemann Trust Co’s portfolio.

Other Hedge Funds, Including , Rr Advisors boosted its stake in TEP in the latest quarter, The investment management firm added 151,000 additional shares and now holds a total of 1,623,000 shares of Tallgrass Energy Partners LP which is valued at $78,975,180. Tallgrass Energy Partners LP makes up approx 11.69% of Rr Advisors’s portfolio. Nelson Van Denburg Campbell Wealth Management Group added TEP to its portfolio by purchasing 166 company shares during the most recent quarter which is valued at $7,842.Taylor Wealth Management Partners boosted its stake in TEP in the latest quarter, The investment management firm added 4,365 additional shares and 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 approx 1.92% of Taylor Wealth Management Partners’s portfolio. Cypress Capital Management (wy) sold out all of its stake in TEP during the most recent quarter. The investment firm sold 1,255 shares of TEP which is valued $59,349. Diversified Trust Co added TEP to its portfolio by purchasing 14,467 company shares during the most recent quarter which is valued at $654,342. Tallgrass Energy Partners LP makes up approx 0.09% of Diversified Trust Co’s portfolio.

Tallgrass Energy Partners LP opened for trading at $45.93 and hit $46.41 on the upside on Monday, eventually ending the session at $46.33, with a gain of 0.89% or 0.41 points. The heightened volatility saw the trading volume jump to 1,53,055 shares. Company has a market cap of $3,341 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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