Tallgrass Energy Partners Lpunits Represe (NYSE:TEP) Has Decline in Shorts

April 16, 2018 - By Louis Casey

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.10, from 1.21 in 2017Q3. It dropped, as 16 investors sold Tallgrass Energy Partners, LP shares while 41 reduced holdings. 19 funds opened positions while 44 raised stakes. 42.76 million shares or 1.73% less from 43.51 million shares in 2017Q3 were reported.
472,544 are owned by Global X Management Limited Liability. Advisory Rech has invested 1.4% in Tallgrass Energy Partners, LP (NYSE:TEP). Pittenger And Anderson Inc accumulated 1,170 shares or 0% of the stock. Brown Advisory has 0% invested in Tallgrass Energy Partners, LP (NYSE:TEP). Suncoast Equity Mngmt has invested 0.07% in Tallgrass Energy Partners, LP (NYSE:TEP). Solaris Asset Limited Liability Corp holds 0.01% or 550 shares in its portfolio. Stifel Financial, Missouri-based fund reported 29,577 shares. Wells Fargo & Mn holds 105,817 shares. 43,714 are owned by Yorkville Ltd Llc. 2.26M are owned by Morgan Stanley. Williams Jones And Ltd owns 31,308 shares for 0.03% of their portfolio. Weiss Multi invested in 40,164 shares. Oppenheimer Asset has invested 0.02% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP). Us National Bank De reported 8,501 shares. Duff And Phelps Inv Mngmt holds 0.63% or 963,298 shares.

The stock of Tallgrass Energy Partners Lpunits Represe (NYSE:TEP) registered a decrease of 3.97% in short interest. TEP’s total short interest was 3.42 million shares in April as published by FINRA. Its down 3.97% from 3.56 million shares, reported previously. With 353,200 shares average volume, it will take short sellers 10 days to cover their TEP’s short positions. The short interest to Tallgrass Energy Partners Lpunits Represe’s float is 7.32%.

The stock increased 2.76% or $1.16 during the last trading session, reaching $43.19. About 174,734 shares traded. Tallgrass Energy Partners, LP (NYSE:TEP) has declined 27.73% since April 16, 2017 and is downtrending. It has underperformed by 39.28% the S&P500.

Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. The company has market cap of $3.20 billion. It operates in three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics, and Processing & Logistics. It has a 11.07 P/E ratio. The Crude Oil Transportation & Logistics segment engages in the ownership and operation of the Pony Express System, a crude oil pipeline serving the Bakken Shale, Denver-Julesburg, and Powder River Basins, as well as other nearby oil producing basins.

Tallgrass Energy Partners, LP (NYSE:TEP) Ratings Coverage

Among 9 analysts covering Tallgrass Energy (NYSE:TEP), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Tallgrass Energy had 24 analyst reports since October 30, 2017 according to SRatingsIntel. Scotia Capital maintained Tallgrass Energy Partners, LP (NYSE:TEP) on Monday, January 29 with “Buy” rating. Scotia Capital maintained the stock with “Buy” rating in Wednesday, February 14 report. U.S. Capital Advisors downgraded Tallgrass Energy Partners, LP (NYSE:TEP) on Thursday, January 4 to “Hold” rating. Robert W. Baird maintained it with “Buy” rating and $67.0 target in Monday, December 4 report. The rating was downgraded by Stifel Nicolaus on Wednesday, March 28 to “Hold”. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 17. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, February 8 report. Robert W. Baird maintained the stock with “Buy” rating in Thursday, April 5 report. RBC Capital Markets maintained Tallgrass Energy Partners, LP (NYSE:TEP) rating on Friday, November 3. RBC Capital Markets has “Buy” rating and $61.0 target. The stock of Tallgrass Energy Partners, LP (NYSE:TEP) has “Overweight” rating given on Monday, February 12 by Barclays Capital.

Tallgrass Energy Partners, LP (NYSE:TEP) Institutional Positions Chart

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