|Bid||21.79 x 1800|
|Ask||22.65 x 2200|
|Day's Range||21.67 - 22.63|
|52 Week Range||20.36 - 26.35|
|Beta (3Y Monthly)||0.13|
|PE Ratio (TTM)||17.08|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||2.06 (8.52%)|
|1y Target Est||25.42|
Expanding on our overarching theme of U.S. hydrocarbons (gas, oil, or natural gas liquids) increasingly being exported, we forecast U.S. crude-oil exports of 4 million barrels per day by 2020. As a result, there is a substantial opportunity for midstream entities to build new crude-oil export terminals and support their economic moats, with Enterprise Products Partners our favorite way to play this trend.
Futures in New York fell almost 6% on Thursday for the steepest decline since Dec. 24. West Texas Intermediate crude for July delivery settled down $3.51 at $57.91 a barrel on the New York Mercantile Exchange. Brent, the international benchmark, dipped 4.5% to close at $67.76 on London’s ICE Europe Futures.
These Four MLPs Offer High Yield(Continued from Prior Part)TGE’s yieldTallgrass Energy (TGE) is trading at a yield of ~8.7%. The stock’s yield has remained high ever since the announcement of the merger of the precedent entities Tallgrass Energy
The Leawood, Kansas-based company said it had profit of 31 cents per share. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was ...
LEAWOOD, Kan.-- -- Net Income, Adjusted EBITDA and Cash Available for Dividends of $50.6 million, $245.7 million and $200.6 million Cash Available for Dividends of $0.71 per share, Declared Dividend of $0.53 per share, resulting in dividend coverage of 1.35x Tallgrass Energy, LP today reported financial and operating results for the first quarter of 2019. "Our team once again delivered outstanding ...
Tallgrass Energy, LP (TGE) announced today that it was named one of The Denver Post’s Top Workplaces – the fifth consecutive year the company has been named to Top Workplaces. The list is compiled based on a third-party survey that measures aspects of workplace culture through the eyes of employees. “This recognition is based solely on feedback from our employees,” said Tallgrass Energy CEO David Dehaemers Jr. “It’s gratifying that for the fifth consecutive year our employees rated us high enough to earn us a slot on the Top Workplaces list.
Tallgrass Energy, LP (TGE), through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), today announced a new project to support crude oil production in northern Weld County, Colorado, near the border between Wyoming and Colorado. The Hereford Project will include approximately 30 miles of new 12-inch pipeline, as well as expanded capacity on the Pony Express system. Sufficient interest arose during Pony Express’ existing open season for expansion capacity from origin points in Colorado and Wyoming to destinations along the system to justify the Hereford Project as a stand-alone project.
Tallgrass CEO David Dehaemers said not to expect huge changes in operations after the big investment from Blackstone.
Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and investors' positions as of the end of the fourth quarter. You can find write-ups about an individual hedge fund's trades on numerous financial news websites. […]
Tallgrass Energy, LP (TGE) today announced its quarterly dividend for the first quarter of 2019. The dividend will be paid on Wednesday, May 15, 2019, to shareholders of record as of the close of business on Tuesday, April 30, 2019. The board of directors of TGE’s general partner declared a quarterly cash dividend of $0.5300 per Class A share for the first quarter of 2019, or $2.12 on an annualized basis.
What to Expect from Kinder Morgan’s Q1 Earnings Results(Continued from Prior Part)Kinder Morgan’s first-quarter revenue Analysts expect Kinder Morgan’s (KMI) revenue to rise 8% in the first quarter compared to its previous year’s revenue.
Investing in MLPs: Why Yield Isn’t Everything(Continued from Prior Part)Stocks with high yieldsLet’s take a look at midstream stocks trading at attractive yields. The stocks have a market capitalization of over $5 billion and yields over 7.0%.
The Canadian Pension Plan Investment Board is buying into the U.S. energy infrastructure industry. That’s a sign that investors should check in on the value offered by master limited partnerships, or MLPs.
Bill Moler has been executive vice president and COO of Tallgrass Energy LP, a Leawood-based midstream energy infrastructure company (NYSE: TGE), since it was founded in 2012.
Tallgrass Energy, LP (TGE) today announced the promotion of Chief Operating Officer Bill Moler to President effective immediately. David G. Dehaemers Jr. remains CEO and Moler will retain his current COO title. A 30-year veteran of the oil and gas industry recognized for his deep expertise in the midstream sector, Moler has been Executive Vice President and COO since the company’s inception in 2012.
Tallgrass Energy, LP , through its affiliate Tallgrass Pony Express Pipeline, LLC , today announced it has extended and expanded its open season soliciting shipper commitments for crude oil transportation service from origins in Wyoming and Colorado to refinery destinations along the Pony Express system and to Cushing, Okla., to reflect updated rates and contracting options to accommodate newly secured ...
Tallgrass Energy, LP (TGE) and Blackstone (BX) today announced that affiliates of Blackstone Infrastructure Partners (“BIP") have closed the purchase of 100 percent of the membership interests in TGE’s general partner, as well as an approximately 44 percent economic interest in Tallgrass Energy from affiliates of Kelso & Company, The Energy & Minerals Group and Tallgrass KC, LLC, an entity owned by certain members of TGE’s management, for total cash consideration of approximately $3.2 billion. Affiliates of GIC, Singapore’s sovereign wealth fund, and Enagás, a Spanish energy company, are minority investors in the transaction. Tallgrass Energy, LP (TGE) is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.