As Tallgrass Energy Partners LP (TEP) Market Valuation Declined, Argyll Research Trimmed Its Holding; C M Bidwell & Associates LTD Has Increased Citizens Financial Group (CFG) Position by $733,285 as Market Valuation Declined

May 21, 2018 - By Maria Brooks

Citizens Financial Group, Inc. (NYSE:CFG) Logo

Argyll Research Llc decreased its stake in Tallgrass Energy Partners Lp (TEP) by 39.81% based on its latest 2017Q4 regulatory filing with the SEC. Argyll Research Llc sold 66,355 shares as the company’s stock declined 17.49% with the market. The institutional investor held 100,313 shares of the public utilities company at the end of 2017Q4, valued at $4.60 million, down from 166,668 at the end of the previous reported quarter. Argyll Research Llc who had been investing in Tallgrass Energy Partners Lp for a number of months, seems to be less bullish one the $3.22 billion market cap company. The stock increased 0.51% or $0.22 during the last trading session, reaching $43.47. About 113,281 shares traded. Tallgrass Energy Partners, LP (NYSE:TEP) has declined 27.73% since May 21, 2017 and is downtrending. It has underperformed by 39.28% the S&P500.

C M Bidwell & Associates Ltd increased its stake in Citizens Financial Group (CFG) by 188.44% based on its latest 2017Q4 regulatory filing with the SEC. C M Bidwell & Associates Ltd bought 17,885 shares as the company’s stock declined 2.44% with the market. The institutional investor held 27,376 shares of the finance company at the end of 2017Q4, valued at $1.15 million, up from 9,491 at the end of the previous reported quarter. C M Bidwell & Associates Ltd who had been investing in Citizens Financial Group for a number of months, seems to be bullish on the $20.15B market cap company. The stock decreased 2.21% or $0.94 during the last trading session, reaching $41.56. About 3.46M shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 21.47% since May 21, 2017 and is uptrending. It has outperformed by 9.92% the S&P500.

Among 11 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Tallgrass Energy Partners LP had 55 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, March 27 by Citigroup. The stock of Tallgrass Energy Partners, LP (NYSE:TEP) has “Buy” rating given on Tuesday, September 26 by Robert W. Baird. Robert W. Baird maintained the stock with “Buy” rating in Thursday, April 5 report. As per Wednesday, March 28, the company rating was downgraded by Stifel Nicolaus. The company was downgraded on Wednesday, February 22 by Citigroup. The rating was maintained by Stifel Nicolaus on Thursday, November 2 with “Buy”. Barclays Capital downgraded the shares of TEP in report on Monday, January 11 to “Equal Weight” rating. The stock of Tallgrass Energy Partners, LP (NYSE:TEP) earned “Equal-Weight” rating by Barclays Capital on Thursday, February 18. Robert W. Baird maintained the shares of TEP in report on Tuesday, August 22 with “Buy” rating. The firm has “Buy” rating by Robert W. Baird given on Thursday, February 15.

Analysts await Tallgrass Energy Partners, LP (NYSE:TEP) to report earnings on August, 1. They expect $0.56 earnings per share, down 22.22% or $0.16 from last year’s $0.72 per share. TEP’s profit will be $41.46M for 19.41 P/E if the $0.56 EPS becomes a reality. After $0.91 actual earnings per share reported by Tallgrass Energy Partners, LP for the previous quarter, Wall Street now forecasts -38.46% negative EPS growth.

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.10, from 1.21 in 2017Q3. It worsened, as 16 investors sold TEP 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. Advsr Asset Management accumulated 6,269 shares or 0% of the stock. Captrust Financial Advsr has invested 0.01% in Tallgrass Energy Partners, LP (NYSE:TEP). Advantus Capital Management holds 31,700 shares or 0.04% of its portfolio. Peak6 Limited Partnership invested in 8,920 shares. Hightower Advisors Limited Com owns 7,105 shares for 0% of their portfolio. Stephens Incorporated Ar stated it has 18,151 shares. Country Club Trust Na reported 0.04% in Tallgrass Energy Partners, LP (NYSE:TEP). Atlantic Tru Lc accumulated 646,383 shares. Duff And Phelps Mngmt holds 963,298 shares. Advisory Research invested in 1.85M shares or 1.4% of the stock. Us National Bank & Trust De has 8,501 shares for 0% of their portfolio. Parkside Finance Natl Bank Trust owns 24,180 shares for 0.4% of their portfolio. 3.91 million were accumulated by Alps Advsrs Incorporated. The Missouri-based Stifel Corporation has invested 0% in Tallgrass Energy Partners, LP (NYSE:TEP). First Manhattan holds 0% or 3,726 shares.

More notable recent Tallgrass Energy Partners, LP (NYSE:TEP) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018, also Seekingalpha.com with their article: “Tallgrass Energy Partners’ (TEP) CEO David Dehaemers on Q1 2018 Results – Earnings Call Transcript” published on May 04, 2018, Seekingalpha.com published: “Energy Infrastructure Earnings Rise With Volumes” on May 07, 2018. More interesting news about Tallgrass Energy Partners, LP (NYSE:TEP) were released by: Seekingalpha.com and their article: “Verizon Could Go To $50-51 – Cramer’s Lightning Round (5/10/18)” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “Dwindling Pipeline Capacity Causes FOMO” with publication date: April 22, 2018.

Among 26 analysts covering Citizens Financial Group (NYSE:CFG), 14 have Buy rating, 3 Sell and 9 Hold. Therefore 54% are positive. Citizens Financial Group had 94 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Piper Jaffray on Tuesday, November 24. Jefferies maintained Citizens Financial Group, Inc. (NYSE:CFG) rating on Friday, September 15. Jefferies has “Hold” rating and $39.0 target. The firm has “Buy” rating given on Monday, August 10 by Bank of America. The company was maintained on Monday, January 25 by Oppenheimer. Sandler O’Neill upgraded Citizens Financial Group, Inc. (NYSE:CFG) on Wednesday, September 2 to “Buy” rating. Robert W. Baird maintained Citizens Financial Group, Inc. (NYSE:CFG) on Tuesday, January 2 with “Hold” rating. The rating was maintained by Credit Suisse on Wednesday, October 14 with “Neutral”. Guggenheim upgraded Citizens Financial Group, Inc. (NYSE:CFG) rating on Wednesday, August 26. Guggenheim has “Neutral” rating and $28.0 target. RBC Capital Markets maintained Citizens Financial Group, Inc. (NYSE:CFG) rating on Wednesday, June 28. RBC Capital Markets has “Hold” rating and $3500 target. Keefe Bruyette & Woods maintained it with “Buy” rating and $44.0 target in Tuesday, December 12 report.

Another recent and important Citizens Financial Group, Inc. (NYSE:CFG) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows Amkor Technology, Nielsen Holdings Plc, Dean Foods, Citizens Financial Group, The Bank of …” on May 10, 2018.

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

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By1 Maria Brooks

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