Cushing Asset Management LP Has Increased By $1.54 Million Its Antero Midstream Partners LP (AM) Stake; 6 Analysts Bullish Tallgrass Energy Partners LP (TEP)

August 11, 2017 - By Pete Kolinski

Among 10 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Tallgrass Energy Partners LP had 26 analyst reports since August 4, 2015 according to SRatingsIntel. As per Friday, April 28, the company rating was maintained by Scotia Capital. The rating was maintained by Barclays Capital on Thursday, February 18 with “Equal-Weight”. As per Monday, January 11, the company rating was downgraded by Barclays Capital. Stifel Nicolaus maintained Tallgrass Energy Partners LP (NYSE:TEP) on Wednesday, August 2 with “Buy” rating. The firm has “Outperform” rating given on Thursday, February 18 by RBC Capital Markets. The rating was downgraded by Stifel Nicolaus on Thursday, January 28 to “Hold”. On Monday, April 24 the stock rating was maintained by Macquarie Research with “”. The firm has “Outperform” rating given on Friday, April 29 by RBC Capital Markets. The company was maintained on Tuesday, January 5 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, July 13 by Stifel Nicolaus. See Tallgrass Energy Partners LP (NYSE:TEP) latest ratings:

04/08/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $58 New Target: $61 Maintain
02/08/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $64.0000 Maintain
30/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $60.0000 Maintain
21/07/2017 Broker: Scotia Capital Rating: Buy New Target: $56.0000
13/07/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $69.0000 Maintain
14/07/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $57 New Target: $59 Maintain
28/04/2017 Broker: Scotia Capital Rating: Buy New Target: $56.00 Maintain
24/04/2017 Broker: Macquarie Research Rating: New Target: $61.00 Maintain
24/04/2017 Broker: RBC Capital Markets Rating: Buy New Target: $60.00 Maintain
21/04/2017 Broker: Macquarie Research Rating: Outperform Initiate

Cushing Asset Management Lp increased Antero Midstream Partners Lp (AM) stake by 5.89% reported in 2016Q4 SEC filing. Cushing Asset Management Lp acquired 51,367 shares as Antero Midstream Partners Lp (AM)’s stock declined 3.38%. The Cushing Asset Management Lp holds 923,653 shares with $28.52M value, up from 872,286 last quarter. Antero Midstream Partners Lp now has $5.98B valuation. The stock decreased 0.65% or $0.21 on August 11, reaching $32.07. About 387,848 shares traded or 6.69% up from the average. Antero Midstream Partners LP (NYSE:AM) has risen 39.56% since August 11, 2016 and is uptrending. It has outperformed by 22.86% the S&P500.

Among 17 analysts covering Antero Midstream Partners LP (NYSE:AM), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Antero Midstream Partners LP had 35 analyst reports since July 23, 2015 according to SRatingsIntel. The company was initiated on Wednesday, September 2 by Ladenburg Thalmann. The firm earned “Buy” rating on Thursday, June 16 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, May 30 by DA Davidson. The stock of Antero Midstream Partners LP (NYSE:AM) has “Buy” rating given on Friday, September 9 by Tudor Pickering. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, May 30. The firm earned “Neutral” rating on Thursday, March 17 by Credit Suisse. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, July 17 report. Credit Suisse initiated it with “Buy” rating and $2800 target in Tuesday, May 30 report. The rating was initiated by Stifel Nicolaus on Thursday, March 17 with “Hold”. As per Friday, March 31, the company rating was maintained by Capital One.

Cushing Asset Management Lp decreased Eog Res Inc (NYSE:EOG) stake by 18,800 shares to 29,219 valued at $2.95M in 2016Q4. It also reduced Pbf Energy Inc (NYSE:PBF) stake by 50,000 shares and now owns 120,000 shares. Canadian Pac Ry Ltd (NYSE:CP) was reduced too.

Investors sentiment decreased to 1.75 in 2016 Q4. Its down 0.29, from 2.04 in 2016Q3. It is negative, as 11 investors sold AM shares while 25 reduced holdings. 23 funds opened positions while 40 raised stakes. 73.50 million shares or 4.69% more from 70.21 million shares in 2016Q3 were reported. Williams Jones & Associates Limited Liability Company invested 0.02% of its portfolio in Antero Midstream Partners LP (NYSE:AM). Credit Suisse Ag reported 0.01% of its portfolio in Antero Midstream Partners LP (NYSE:AM). First Republic Invest Management invested in 37,360 shares. Tph Asset Mgmt Limited Liability Com invested 2.31% in Antero Midstream Partners LP (NYSE:AM). Miller Howard Investments New York accumulated 583,836 shares. Raymond James Fincl Svcs Inc holds 0.01% in Antero Midstream Partners LP (NYSE:AM) or 21,355 shares. State Of Tennessee Treasury Department has 0.01% invested in Antero Midstream Partners LP (NYSE:AM). Van Eck accumulated 0.01% or 40,825 shares. Alliancebernstein Ltd Partnership holds 0% or 10,670 shares. Us Fincl Bank De holds 0% or 7,620 shares in its portfolio. 10,061 were reported by Royal National Bank & Trust Of Canada. Salient Advsrs Limited Liability Co has invested 2.13% in Antero Midstream Partners LP (NYSE:AM). Glob Endowment Mgmt LP holds 18,570 shares or 0.09% of its portfolio. Sg Americas Limited Liability Corp has 116,563 shares for 0.03% of their portfolio. Glenmede Na accumulated 0.01% or 58,350 shares.

The stock decreased 0.67% or $0.32 on August 11, reaching $47.2. About 186,481 shares traded. Tallgrass Energy Partners LP (NYSE:TEP) has risen 2.55% since August 11, 2016 and is uptrending. It has underperformed by 14.15% the S&P500.

Since May 10, 2017, it had 7 insider buys, and 0 insider sales for $5.70 million activity. Shares for $767,467 were bought by DEHAEMERS DAVID G JR on Thursday, June 1.

Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The company has market cap of $3.49 billion. The Firm operates through three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics and Processing & Logistics. It has a 21.22 P/E ratio. The Crude Oil Transportation & Logistics segment includes the ownership and operation of a Federal Energy Regulatory Commission crude oil pipeline system, and crude oil storage and terminaling facilities.

Investors sentiment decreased to 1.02 in Q4 2016. Its down 0.89, from 1.91 in 2016Q3. It is negative, as 15 investors sold Tallgrass Energy Partners LP shares while 40 reduced holdings. 18 funds opened positions while 38 raised stakes. 42.38 million shares or 0.39% more from 42.21 million shares in 2016Q3 were reported. Walleye Trading accumulated 0% or 1,485 shares. Northern Trust accumulated 36,292 shares. Creative Planning holds 0% or 15,932 shares. Bankshares Of Mellon Corporation accumulated 5,704 shares or 0% of the stock. 925,887 were reported by Miller Howard Invests New York. Country Club Na invested 0.06% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP). Nuveen Asset Ltd Llc invested in 0.04% or 162,550 shares. Glenmede Co Na has invested 0.02% in Tallgrass Energy Partners LP (NYSE:TEP). Bamco Inc has invested 0.01% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP). Barclays Public Ltd Limited Liability Company stated it has 29,651 shares. 60,947 are owned by Pnc. Services Corp holds 0.01% or 482 shares in its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt holds 0.83% of its portfolio in Tallgrass Energy Partners LP (NYSE:TEP) for 945,323 shares. Tocqueville Asset Mngmt Ltd Partnership accumulated 10,005 shares or 0.01% of the stock. Stifel reported 0% in Tallgrass Energy Partners LP (NYSE:TEP).

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