|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||23.20 - 23.95|
|52 Week Range||20.27 - 26.35|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 31, 2019|
|Forward Dividend & Yield||2.02 (8.55%)|
|1y Target Est||25.42|
Tallgrass Energy, LP (TGE) and Kinder Morgan, Inc. (KMI) today announced an agreement to jointly develop a solution to increase existing crude oil takeaway capacity in the growing Powder River and Denver-Julesburg basins and to add incremental capacity to the Williston Basin and portions of Western Canada. TGE would contribute its Pony Express Pipeline System, and KMI would contribute portions of its Wyoming Intrastate Company and Cheyenne Plains Gas Pipeline and begin the process of abandonment and conversion to crude oil service. In addition, approximately 200 miles of new pipeline would be constructed to provide crude oil deliveries into Cushing, Okla.
7 MLPs Offering a Yield above 7%(Continued from Prior Part)Analysts are bullish on ET and MPLX Energy Transfer (ET) stock was rated a “strong buy” or “buy” by 88% of analysts surveyed by Reuters. In comparison, 86% of analysts rated MPLX
7 MLPs Offering a Yield above 7%MLPs offering high yieldsMLPs are performing well in 2019. In this series, we’ll take a look at MLPs trading at a yield higher than 7%. These MLPs all have a market capitalization of more than $5 billion. Our list
Tallgrass Energy, LP today announced its quarterly dividend for the fourth quarter of 2018. The dividend will be paid on Thursday, February 14, 2019, to shareholders of record as of the close of business on Thursday, January 31, 2019.
The midstream energy sector has been on a rollercoaster ride for some time now, rocked by wild changes in commodity prices, an on-again-off-again relationship with the capital markets and investors and regulatory and tax changes that have made conditions for midstream master limited partnerships difficult.
Tallgrass Energy stock got a lift on a report it could be bought. The IBD 50 stock also has a strong dividend yield, with big 2019 earnings growth expected.
DALLAS , Dec. 26, 2018 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing ® 30 MLP Index (the "Index"). ...
NEW YORK, NY / ACCESSWIRE / December 20, 2018 / U.S. equities closed down on Wednesday as the anticipated interest rate increase was confirmed by the Federal Reserve, following Chairman Jerome Powell’s ...
An investor group that includes Stonepeak Infrastructure Partners is in talks to buy oil and gas operator Tallgrass Energy LP, Bloomberg reported https://www.bloomberg.com/news/articles/2018-12-19/stonepeak-infrastructure-is-said-to-consider-deal-for-tallgrass ...
An investor group that includes Stonepeak Infrastructure Partners and Brookfield Asset Management is considering a deal to buy Tallgrass Energy.
Recently, NGL Energy Partners (NGL) stock has been notably weak. The stock has lost ~20% in the last two months. Analysts have given NGL Energy Partners a median target price of $14.25, which indicates a potential upside more than 45% for the next 12 months.
NGL Energy Partners LP (NGL) (“NGL”) today announced that it has closed the previously announced transaction to sell NGL Water Solutions Bakken, LLC, to an affiliate of Tallgrass Energy, LP (TGE) for $91 million in cash proceeds. NGL plans to immediately repay indebtedness using the net proceeds from the sale. Certain matters contained in this Press Release include "forward-looking statements." All statements, other than statements of historical fact, included in this Press Release may constitute forward-looking statements.
President and CEO of Tgc Industries Inc (NASDAQ:TGE) David G Jr Dehaemers bought 20,000 shares of TGE on 11/28/2018 at an average price of $20.52 a share.
Tallgrass (TGE) announces a joint tariff open season for Seahorse and Pony Express pipelines' combination. Additionally, the partnership acquires land for its Plaquemines Liquids Terminal.
Tallgrass Energy, LP (TGE) (“Tallgrass”) today announced it has signed a binding agreement with an unaffiliated third-party that has the potential to be an anchor shipper and equity partner in Tallgrass’ proposed Seahorse Pipeline, a crude oil pipeline that would run from Cushing, Okla., to both the St. James, La., refining complex and Tallgrass’ planned Plaquemines Liquids Terminal (“PLT”) in Louisiana. “The Seahorse agreement provides strong proof of concept for our pipeline project,” said Tallgrass Chief Operating Officer Bill Moler. In addition, Tallgrass announced that its affiliate, Tallgrass Pony Express Pipeline, LLC, will launch a new joint tariff open season on Nov. 30 soliciting shipper commitments for crude oil transportation under a joint tariff between the Pony Express and Seahorse pipelines from Guernsey and DJ-Basin origin points to the St. James refinery complex and PLT.
On November 8, Western Gas Equity Partners (WGP) announced an agreement to acquire Western Gas Partners (WES) in a unit-for-unit exchange. Once completed, Western Gas Equity Partners is to own ~98% of WES and parent Anadarko Petroleum (APC) will own ~2%. The acquisition is expected to complete in Q1 2019.
So far in this series, we’ve discussed how some MLPs are trading at attractive yields. Another partnership trading at a high yield is Tallgrass Energy (TGE). It’s currently trading at a yield of ~9.7%. Tallgrass Energy raised its distribution sequentially by 2.5% in Q3. Its dividend coverage for the quarter was 1.28x. The stock has fallen ~14% year-to-date.