Robert W. Baird Maintains a “Buy” Rating on Tallgrass Energy GP (TEGP) and $33.0 Target; Inverness Counsel Upped Its Union Pac (UNP) Stake

December 7, 2017 - By wolcottdaily

Among 10 analysts covering Tallgrass Energy GP (NYSE:TEGP), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Tallgrass Energy GP has $43 highest and $16 lowest target. $30’s average target is 30.10% above currents $23.06 stock price. Tallgrass Energy GP had 34 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, December 21 report. The stock has “Buy” rating by Robert W. Baird on Tuesday, September 26. The firm earned “Neutral” rating on Monday, February 8 by Robert W. Baird. The stock of Tallgrass Energy GP, LP (NYSE:TEGP) has “Overweight” rating given on Friday, August 4 by Barclays Capital. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, January 5. The rating was upgraded by Deutsche Bank to “Buy” on Monday, April 18. On Monday, October 9 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Tallgrass Energy GP, LP (NYSE:TEGP) has “Equal-Weight” rating given on Friday, November 17 by Morgan Stanley. The firm has “Buy” rating given on Friday, November 3 by Stifel Nicolaus. The company was maintained on Friday, July 14 by Morgan Stanley.

Inverness Counsel Llc increased Union Pac Corp (UNP) stake by 61.52% reported in 2017Q2 SEC filing. Inverness Counsel Llc acquired 58,997 shares as Union Pac Corp (UNP)’s stock declined 2.52%. The Inverness Counsel Llc holds 154,891 shares with $16.87M value, up from 95,894 last quarter. Union Pac Corp now has $100.72 billion valuation. The stock decreased 0.05% or $0.06 during the last trading session, reaching $127.95. About 3.82 million shares traded or 8.73% up from the average. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since December 7, 2016 and is uptrending. It has outperformed by 14.75% the S&P500.

Among 27 analysts covering Union Pacific Corporation (NYSE:UNP), 10 have Buy rating, 2 Sell and 15 Hold. Therefore 37% are positive. Union Pacific Corporation had 88 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 27. The firm earned “Buy” rating on Friday, March 31 by Citigroup. Stifel Nicolaus maintained it with “Buy” rating and $78 target in Friday, January 22 report. As per Thursday, June 16, the company rating was initiated by Oppenheimer. The stock of Union Pacific Corporation (NYSE:UNP) has “Neutral” rating given on Monday, April 18 by UBS. The stock has “Neutral” rating by UBS on Friday, October 27. On Thursday, November 9 the stock rating was maintained by RBC Capital Markets with “Hold”. JP Morgan maintained it with “Neutral” rating and $113 target in Thursday, October 12 report. The stock of Union Pacific Corporation (NYSE:UNP) earned “Buy” rating by Bank of America on Friday, September 11. On Thursday, August 10 the stock rating was maintained by BMO Capital Markets with “Buy”.

Inverness Counsel Llc decreased Netease Com Inc Adr (NASDAQ:NTES) stake by 8,200 shares to 21,800 valued at $6.55 million in 2017Q2. It also reduced Progressive Corp (NYSE:PGR) stake by 254,685 shares and now owns 622,039 shares. Exxon Mobil Corp (NYSE:XOM) was reduced too.

Investors sentiment increased to 0.92 in Q2 2017. Its up 0.10, from 0.82 in 2017Q1. It improved, as 55 investors sold UNP shares while 498 reduced holdings. 103 funds opened positions while 405 raised stakes. 608.67 million shares or 1.96% less from 620.82 million shares in 2017Q1 were reported. Brighton Jones Ltd Liability Corp accumulated 0.03% or 1,896 shares. Of Toledo Na Oh has 8,604 shares for 0.24% of their portfolio. Boston And has invested 0.15% of its portfolio in Union Pacific Corporation (NYSE:UNP). Sii Invs Incorporated Wi reported 4,082 shares. 5,550 were accumulated by Pettee Inc. Moreover, Tru Investment Advsr has 0.6% invested in Union Pacific Corporation (NYSE:UNP) for 5,120 shares. Rodgers Brothers holds 1.65% or 40,990 shares in its portfolio. Bbva Compass Financial Bank has invested 0.27% in Union Pacific Corporation (NYSE:UNP). Cadence Bancorporation Na has invested 0.56% of its portfolio in Union Pacific Corporation (NYSE:UNP). Stearns Fin Serv Grp, a North Carolina-based fund reported 8,077 shares. Cap One Association owns 8,086 shares. Advisor Prns Ltd Liability holds 16,924 shares. Reynders Mcveigh Mngmt Ltd Com owns 13,087 shares or 0.19% of their US portfolio. Saybrook Capital Nc stated it has 14,100 shares or 0.77% of all its holdings. Amf Pensionsforsakring Ab holds 0.86% or 712,056 shares.

Analysts await Tallgrass Energy GP, LP (NYSE:TEGP) to report earnings on February, 21. They expect $0.21 earnings per share, up 23.53% or $0.04 from last year’s $0.17 per share. TEGP’s profit will be $33.02M for 27.45 P/E if the $0.21 EPS becomes a reality. After $0.27 actual earnings per share reported by Tallgrass Energy GP, LP for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

The stock decreased 1.79% or $0.42 during the last trading session, reaching $23.06. About 308,039 shares traded or 23.81% up from the average. Tallgrass Energy GP, LP (NYSE:TEGP) has risen 5.26% since December 7, 2016 and is uptrending. It has underperformed by 11.44% the S&P500.

Tallgrass Energy GP, LP, through its interests in Tallgrass Equity, LLC, provides crude oil transportation services to clients in Wyoming, Colorado, and the surrounding regions of the United States. The company has market cap of $3.63 billion. It operates through three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics, and Processing & Logistics. It has a 28.79 P/E ratio. The firm also provides natural gas transportation and storage services for clients in the Rocky Mountain, Midwest, and Appalachian regions.

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