Tallgrass Energy Partners (NYSE:TEP) Downgraded to "Hold" at US Capital Advisors

Marco Green
January 15, 2018

Stonebridge Capital Management Inc sold 11,315 shares as the company's stock declined 8.05% while stock markets rallied. (NASDAQ:AAPL) stake by 5,050 shares to 18,926 valued at $2.92M in 2017Q3. Cognex Corp now has $11.71B valuation. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 146,783 shares traded. It has outperformed by 114.30% the S&P500.

Investment analysts at US Capital Advisors dropped their Q4 2017 earnings per share estimates for Tallgrass Energy Partners in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. Barclays reiterated a "buy" rating and issued a $34.00 price target on shares of Tallgrass Energy GP in a research note on Thursday, October 19th. The Tortoise Capital Advisors Llc holds 7.52M shares with $360.27 million value, up from 7.33 million last quarter. Tallgrass Energy Partners, LP (NYSE:TEP) has risen 2.55% since January 13, 2017 and is uptrending. Duff & Phelps Investment Management Co. now owns 953,298 shares of the pipeline company's stock valued at $45,653,000 after acquiring an additional 30,000 shares in the last quarter. About 318,444 shares traded or 13.80% up from the average. Tallgrass Energy Partners, LP (NYSE:TEP) has risen 2.55% since January 12, 2017 and is uptrending. It has underperformed by 14.15% the S&P500.

Investors sentiment decreased to 1.08 in Q3 2017. Its up 0.14, from 1.07 in 2017Q2. It increased, as 96 investors sold GILD shares while 488 reduced holdings. 165 funds opened positions while 367 raised stakes. Creative Planning accumulated 0.01% or 28,855 shares. They expect $1.67 earnings per share, down 36.74% or $0.97 from last year's $2.64 per share. Neuberger Berman Gp Incorporated Limited Company reported 16,642 shares. Cantab Cap Ptnrs Llp stated it has 0.04% in Cognex Corporation (NASDAQ:CGNX). Gilman Hill Asset Ltd Liability Co reported 4,500 shares or 0.09% of all its holdings. Scout Invs Inc reported 35,575 shares or 0.11% of all its holdings. Glenmede Tru Na owns 48,917 shares for 0.01% of their portfolio. Cushing Asset Mgmt Lp, Texas-based fund reported 769,650 shares. 301,026 are owned by Schwab Charles Mngmt Inc. Tiedemann Wealth Mgmt Llc holds 43,540 shares or 0.16% of its portfolio. Marshall Wace Limited Liability Partnership has invested 0.02% of its portfolio in Cognex Corporation (NASDAQ:CGNX).

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 18 have Buy rating, 0 Sell and 12 Hold. Therefore 65% are positive. Gilead Sciences had 111 analyst reports since July 29, 2015 according to SRatingsIntel. (NASDAQ:WING) on Friday, August 4 with "Buy" rating. The firm earned "Hold" rating on Monday, July 31 by Canaccord Genuity. The stock has "Buy" rating by Stifel Nicolaus on Tuesday, January 2. Robert W. Baird has "Buy" rating and $66.0 target. Robert W. Baird has "Neutral" rating and $124 target. On Thursday, November 2 the stock rating was maintained by SunTrust with "Buy". As per Monday, June 6, the company rating was initiated by Bernstein. The company was maintained on Tuesday, October 10 by Jefferies. The firm has "Sell" rating by Zacks given on Monday, September 21. Kayne Anderson Advsrs LP invested in 2.04% or 3.34 million shares.

Investors sentiment increased to 1.21 in 2017 Q3. Its down 0.28, from 1.36 in 2017Q2.

Institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement Sys invested in 0.01% or 74,650 shares. First Manhattan reported 0% stake. Us Bankshares De reported 7,473 shares. First Wilshire Securities Management Inc owns 350,000 shares or 0.11% of their United States portfolio. Goldman Sachs Group Inc reported 326,764 shares.

Crosslink Capital Inc decreased Amazon.Com (NASDAQ:AMZN) stake by 15,650 shares to 15,772 valued at $15.16M in 2017Q3. Yorkville Mngmt Ltd Com accumulated 70,474 shares or 3.9% of the stock.

Weiss Multi invested 0.03% in Tallgrass Energy Partners, LP (NYSE:TEP). Missouri-based Country Club Trust Company Na has invested 0.04% in Tallgrass Energy Partners, LP (NYSE:TEP). Solaris Asset Management Ltd Liability Co invested in 0.04% or 1,376 shares. Ameriprise Fin reported 11,478 shares. Bank Of Montreal Can has invested 0% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP). Cypress Cap Limited Liability (Wy) invested in 0.04% or 800 shares.

In other Tallgrass Energy Partners news, CEO David G. Dehaemers, Jr. purchased 1,688 shares of the business's stock in a transaction on Friday, November 10th. Kornitzer Mgmt Ks, Kansas-based fund reported 231,624 shares.

Tortoise Capital Advisors Llc decreased Laredo Petroleum Inc (NYSE:LPI) stake by 136,998 shares to 356,976 valued at $4.62 million in 2017Q3. It also reduced Synaptics (NASDAQ:SYNA) stake by 98,394 shares and now owns 118,246 shares. Lennox International Inc. (NYSE:LII) was raised too. Argyll Research Llc sold 20,833 shares as Tallgrass Energy Partners Lp (TEP)'s stock declined 5.30%. Therefore 50% are positive. The rating was maintained by Morgan Stanley on Friday, July 14 with "Equal-Weight".

Among 13 analysts covering Wingstop (NASDAQ:WING), 7 have Buy rating, 1 Sell and 5 Hold. Melius Research maintained The Boeing Company (NYSE:BA) on Monday, January 8 with "Buy" rating. Robert W. Baird maintained the stock with "Buy" rating in Monday, December 4 report. As per Thursday, January 28, the company rating was downgraded by Stifel Nicolaus. On Friday, April 21 the stock rating was initiated by Macquarie Research with "Outperform". Stifel Nicolaus has "Buy" rating and $6900 target. Raymond James & Associates now owns 53,425 shares of the company's stock worth $2,459,000 after buying an additional 4,103 shares during the period.

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