Tallgrass Operations, Llc. is Buying Tallgrass Energy Partners Lp. (NYSE:TEP) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

NMRD Stock: Why is Nemaura Medical (NASDAQ: NMRD) A ...
Rosalind Advisors, Inc. Picked Zosano Pharma Corp (N...
Mangoceuticals (MGRX): A Low Float Stock on the Verg...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tallgrass Energy Partners Lp. (NYSE:TEP) reported that Tallgrass Operations, Llc. has picked up 20,000,000 of common stock as of 2017-02-16.

The acquisition brings the aggregate amount owned by Tallgrass Operations, Llc. to a total of 20,000,000 representing a 27.7% stake in the company.

For those not familiar with the company, 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 (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 oil and gas exploration and production industry and the transportation of natural gas liquid (NGLs). It operates the Sterling Terminal near Sterling, Colorado. It also operates Buckingham Terminal in northeast Colorado. It has interest in the Deeprock Development Terminal in Cushing, Okla.

A glance at Tallgrass Energy Partners Lp. (NYSE:TEP)’s key stats reveals a current market capitalization of 3.93 billion based on 72.49 million shares outstanding and a price at last close of $53.41 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-11-10, Dehaemers picked up 7,500 at a purchase price of $43.45. This brings their total holding to 312,847 as of the date of the filing.

On the sell side, the most recent transaction saw Tallgrass unload 20,000,000 shares at a sale price of $47.68. This brings their total holding to 6,355,480.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tallgrass Energy Partners Lp. (NYSE:TEP) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

Stay in the lopp :

Red Mountain Capital Picked Up Yuma Energy, I...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Yuma Energy, Inc. (NYSEMKT:YUMA) reported that Red Mountain Capital has
WUC stock price, is it time to sell or rebuy?...

Vaccitech VACC stock price and chart looks great, is it time to sell or rebuy? Famed stock picker, Alexander Goldman has his analysis,

Here's Who Just Picked Up Homefed Corp (OTCMK...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Homefed Corp (OTCMKTS:HOFD) reported that Cumming Ian M. has picked

related post

Skip to content