TGE News and Press, Tallgrass Energy LP Class A Shares From 04/29/19

Last December I wrote a bullish Seeking Alpha article on Tallgrass Energy LP ( TGE ) suggesting the 8.7% yield supported by two high-quality pipeline assets was very attractive. The fact that TGE had previously eliminated the IDRs and had transitioned to a dividend-paying corporation (no...

InsiderInsights' Daily Round Up articles rate the "significance" of the top 10 dollar value insider purchases and sales filed at the SEC on the Title date. Dollar value is only the most basic metric to assess the significance of an insider transaction, however, and there are many more "Signifi...

InsiderInsights' Daily Round Up articles rate the "significance" of the top 10 dollar value insider purchases and sales filed at the SEC on the Title date. Dollar value is only the most basic metric to assess the significance of an insider transaction, however, and there are many more "Signifi...

Midstream and MLPs were unchanged on the week, but finished strong along with the rest of the energy sector after the mega-merger announcement by Chevron (CVX) Friday morning. The stock market and utilities were slightly positive week over week. Oil prices edged up and are up 40%+ this year. N...

The 550K bbl/day EPIC pipeline wins approval of its initial rates for shippers from the Federal Energy Regulatory Commission, which also approves three other oil pipeline cases, bringing the backlog of uncontested petitions for Permian Basin pipelines down to six. More news on: EnLink Mi...

Tallgrass Energy, LP (NYSE: 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 pa...

Goldman Sachs upgrades Enterprise Products Partners ( EPD +0.4% ) to Buy from Neutral with a $32 price target, raised from $30, but downgrades Tallgrass Energy ( TGE -0.5% ) to Neutral from Buy with a $26 target, citing valuation for both rating changes. More news on: Enterprise Pr...

Stock prices across midstream were little changed again this week, with U.S. corporations trading slightly better than MLPs and Canadian corporations. The S&P 500 beat Midstream and utilities, and Lyft (LYFT) is now a public company. Oil prices oscillated around the $60/bbl figure througho...

Midstream credit ratings are a recurring topic in Alerian Insights ( 2017 , 2016 , 2015 3-part series ) - not because we're too lazy to think of new topics (OK, that may be a small part of the reason), but because credit ratings are important for midstream companies as prolific project bui...

The broad market crapped out Friday after rallying Thursday on perceived Fed support, but midstream outperformed on the day and the week. Oil price strength, a 15 bps drop in the US 10-year rate, and another positive private equity data point supported midstream this week. MLPs made up some gr...