Breaking: Learn Why Tallgrass Operations Just Purchased Tallgrass Energy Partners Stake?

Breaking: Learn Why Tallgrass Operations Just Purchased Tallgrass Energy Partners Stake?

The New Tallgrass Operations Holding in Tallgrass Energy Partners

Tallgrass Operations filed with the SEC SC 13D/A form for Tallgrass Energy Partners. The form can be accessed here: 000119312516759033. As reported in Tallgrass Operations’s form, the filler as of late owns 38.9% or 28,058,574 shares of the Materials–company.

Tallgrass Energy Partners stake is a new one for the and it was filed because of activity on October31, 2016. We feel this shows Tallgrass Operations’s positive view for the stock.

Reasons Why Tallgrass Operations Bought – Tallgrass Energy Partners Stock

Item4. Purpose of Transaction

Item4(a) is hereby amended and restated in its entirety as follows:

(a) The Issuer may grant unit options, restricted units, equity participation units, unit appreciation rights, distribution equivalent rightsand other unit-based awards and unit awards to officers, directors, employees and consultants of the General Partner and any of its affiliates pursuant to the Tallgrass MLP GP, LLC Long-Term Incentive Plan adopted by the General Partner. The GeneralPartner may acquire Common Units for issuance pursuant to the Long-Term Incentive Plan on the open market, directly from the Issuer, from any other person, or any combination of the foregoing. Additionally, as part of the transaction relating to the2016 Pony Interest, Tallgrass Development granted the Issuer an 18-month call option at a price of $42.50 per unit covering the 6,518,000 common units issued as part of the consideration for the 2016 Pony Interest. On July21, 2016, the Issuerpartially exercised the call option covering 3,563,146 Common Units for a cash payment of $151.4 million. On October31, 2016, the Issuer partially exercised the call option covering an additional 1,251,760 Common Units for a cash payment of$53.2 million. Following the Issuer’s partial exercise of the call option on October31, 2016, 1,703,094 Common Units remained subject to the call option.

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Tallgrass Energy Partners Institutional Sentiment

Latest Security and Exchange filings show 84 investors own Tallgrass Energy Partners. The institutional ownership in Q3 2015 is high, at 39.27% of the outstanding shares. This is increased by 1585470 the total institutional shares. 28315695 were the shares owned by these institutional investors. In total 21 funds opened new Tallgrass Energy Partners stakes, 26 increased stakes. There were 22 that closed positions and 28 reduced them.

4 managers had the stock in their top Ten. Notable investors are: Oxbow Advisors Llc, Rr Advisors Llc, Argyll Research Llc, Samson Capital Management Llc..

Salient Capital Advisors Llc is an institutional investor bullish on Tallgrass Energy Partners, owning 2768115 shares as of Q3 2015 for 2.64% of its portfolio. Argyll Research Llc owns 325000 shares or 2.52% of its portfolio. TX Rr Advisors Llc have 8.98% of their stock portfolio for 1411000 shares. Further, Yorkville Capital Management Llc reported stake worth 6.04% of its US stock portfolio. The TX Oxbow Advisors Llc owns 526170 shares. Tallgrass Energy Partners is 4.31% of the manager’s US portfolio.

Business Profile

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, which includes the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics, which includes the ownership and operation of Federal Energy Regulatory Commission-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the oil and gas exploration and production industry and the transportation of natural gas liquid (NGLs). The Company provides crude oil transportation to customers in Wyoming, Colorado, and the surrounding regions through its interests in Tallgrass Pony Express Pipeline, LLC.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.70, from 1.82 in 2016Q1. The ratio turned negative, as 19 funds sold all Tallgrass Energy Partners LP shares owned while 30 reduced positions. 23 funds bought stakes while 32 increased positions. They now own 38.72 million shares or 17.73% more from 32.89 million shares in 2016Q1.

Moreover, Oakworth Capital Inc has 0.01% invested in Tallgrass Energy Partners LP (NYSE:TEP) for 470 shares. National Bank Of America Corp De holds 761,517 shares or 0.01% of its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt, a Pennsylvania-based fund reported 886,335 shares. Royal Savings Bank Of Canada, a Ontario – Canada-based fund reported 32,034 shares. The New York-based Morgan Stanley has invested 0.05% in Tallgrass Energy Partners LP (NYSE:TEP). Engy Income Prns Limited Liability Corporation holds 1.5% or 1.47M shares in its portfolio. Advantus Capital Mgmt Incorporated has 35,300 shares for 0.05% of their US portfolio. Salient Capital Ltd Liability holds 3.19% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP) for 3.11 million shares. Rafferty Asset Ltd Liability Corporation reported 54,309 shares or 0.17% of all its holdings. Susquehanna Interest Grp Llp last reported 45,900 shares in the company. Virtu Fincl Ltd Limited Liability Company holds 12,863 shares or 0.08% of its portfolio. Guggenheim Lc holds 58,162 shares or 0.01% of its portfolio. Northern Trust Corporation accumulated 0% or 34,762 shares. Parkside Fincl Comml Bank accumulated 18,365 shares or 0.41% of the stock. Geode Cap Limited Liability Company accumulated 9,294 shares or 0% of the stock.

Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 0 insider sales for $325,875 net activity. DEHAEMERS DAVID G JR bought $325,875 worth of Tallgrass Energy Partners LP (NYSE:TEP) on Friday, May 27.

The stock increased 1.81% or $0.79 during the last trading session, hitting $44.48. About 332,037 shares traded hands or 29.36% up from the average. Tallgrass Energy Partners LP (NYSE:TEP) has risen 18.98% since April 1, 2016 and is uptrending. It has outperformed by 17.77% the S&P500.

Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The company has a market cap of $3.24 billion. The Firm operates through three divisions: Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics, which includes the ownership and operation of Federal Energy Regulatory Commission-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the gas and oil exploration and production industry and the transportation of natural gas liquid . It has a 17.69 P/E ratio.

Tallgrass Energy Partners LP (NYSE:TEP) Ratings Coverage

Out of 7 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $63 is the highest target while $36 is the lowest. The $53.71 average target is 20.75% above today’s ($44.48) stock price. Tallgrass Energy Partners LP has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Thursday, February 18 by Barclays Capital. The stock of Tallgrass Energy Partners LP (NYSE:TEP) earned “Hold” rating by Stifel Nicolaus on Thursday, January 28. The rating was downgraded by Zacks to “Buy” on Wednesday, August 12. RBC Capital Markets maintained Tallgrass Energy Partners LP (NYSE:TEP) rating on Thursday, February 18. RBC Capital Markets has “Outperform” rating and $40 price target. The firm has “Equal Weight” rating by Barclays Capital given on Monday, January 11. The firm has “Buy” rating by Deutsche Bank given on Monday, April 18. The stock has “Outperform” rating given by RBC Capital Markets on Friday, April 29. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, May 2. As per Tuesday, January 5, the company rating was maintained by Stifel Nicolaus. Credit Suisse maintained Tallgrass Energy Partners LP (NYSE:TEP) rating on Thursday, May 19. Credit Suisse has “Outperform” rating and $60 price target.

More notable recent Tallgrass Energy Partners LP (NYSE:TEP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: EnLink Midstream Partners, Magellan Midstream and …” on October 25, 2016, also Businesswire.com with their article: “Tallgrass Energy Partners Acquires Additional Interest in Pony Express Pipeline” published on January 04, 2016, Seekingalpha.com published: “Tallgrass Energy Partners: Investors Are Ignoring The Risks, Downside Ahead” on October 05, 2016. More interesting news about Tallgrass Energy Partners LP (NYSE:TEP) were released by: Businesswire.com and their article: “Tallgrass Energy Partners Closes on the Acquisition of a 25 Percent Interest …” published on May 09, 2016 as well as Businesswire.com‘s news article titled: “Tallgrass Energy Partners Announces Launch of $400 Million Offering of Senior …” with publication date: August 16, 2016.

According to Zacks Investment Research, “Tallgrass Energy Partners, L.P. owns, operates, acquires and develops midstream energy assets primarily in North America. It provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through pipelines and natural gas processing assets. Tallgrass Energy Partners, LP is based in Overland Park, Kansas.”

TEP Company Profile

Tallgrass Energy Partners, LP, incorporated on February 6, 2013, owns, operates, acquires and develops midstream energy assets in North America. The Firm operates through three divisions: Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system; 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, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the gas and oil exploration and production industry and the transportation of natural gas liquid (NGLs).

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