Tallgrass Energy Partners, LP (TEP) EPS Estimated At $0.60; Ancora Advisors Increased Norfolk Southern (NSC) Holding

April 17, 2018 - By Marie Mckinney

Norfolk Southern Corporation (NYSE:NSC) Logo

Ancora Advisors Llc increased Norfolk Southern Corp (NSC) stake by 22.97% reported in 2017Q4 SEC filing. Ancora Advisors Llc acquired 3,624 shares as Norfolk Southern Corp (NSC)’s stock declined 7.56%. The Ancora Advisors Llc holds 19,399 shares with $2.81 million value, up from 15,775 last quarter. Norfolk Southern Corp now has $38.54 billion valuation. The stock decreased 0.34% or $0.46 during the last trading session, reaching $136.02. About 136,958 shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 20.21% since April 17, 2017 and is uptrending. It has outperformed by 8.66% the S&P500.

Analysts expect Tallgrass Energy Partners, LP (NYSE:TEP) to report $0.60 EPS on May, 2.They anticipate $0.05 EPS change or 9.09% from last quarter’s $0.55 EPS. TEP’s profit would be $44.42 million giving it 18.46 P/E if the $0.60 EPS is correct. After having $0.67 EPS previously, Tallgrass Energy Partners, LP’s analysts see -10.45% EPS growth. The stock increased 1.37% or $0.6 during the last trading session, reaching $44.3. About 96,003 shares traded. Tallgrass Energy Partners, LP (NYSE:TEP) has declined 27.73% since April 17, 2017 and is downtrending. It has underperformed by 39.28% the S&P500.

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.10, from 1.21 in 2017Q3. It fall, as 16 investors sold Tallgrass Energy Partners, LP 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. Ftb Advsrs Inc holds 0% or 570 shares in its portfolio. First Tru Advsr Limited Partnership reported 128,495 shares. Parkside Finance Bank & Trust And Tru holds 0.4% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP) for 24,180 shares. Hilton Capital Mgmt Ltd Liability Company has invested 0.07% in Tallgrass Energy Partners, LP (NYSE:TEP). Raymond James Svcs reported 18,807 shares. National Bank Of Montreal Can has invested 0% in Tallgrass Energy Partners, LP (NYSE:TEP). Bancorporation Of Ny Mellon Corp has invested 0% in Tallgrass Energy Partners, LP (NYSE:TEP). Tortoise Cap Advisors Ltd Liability Com has invested 2.27% in Tallgrass Energy Partners, LP (NYSE:TEP). Diversified Co holds 0.03% or 11,830 shares in its portfolio. Northwestern Mutual Wealth reported 0% in Tallgrass Energy Partners, LP (NYSE:TEP). Naples Glob Advsrs Llc holds 4,950 shares. Atwood And Palmer has invested 0% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP). Weiss Multi, a Alabama-based fund reported 40,164 shares. 5,100 were reported by Bb&T Corp. Argyll Ltd Liability Co reported 100,313 shares or 1.03% of all its holdings.

Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. The company has market cap of $3.28 billion. It operates in three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics, and Processing & Logistics. It has a 11.36 P/E ratio. The Crude Oil Transportation & Logistics segment engages in the ownership and operation of the Pony Express System, a crude oil pipeline serving the Bakken Shale, Denver-Julesburg, and Powder River Basins, as well as other nearby oil producing basins.

Among 11 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Tallgrass Energy Partners LP had 54 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Friday, April 29 by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, November 2 report. The firm earned “Buy” rating on Monday, December 4 by Robert W. Baird. The rating was downgraded by Stifel Nicolaus on Thursday, January 28 to “Hold”. Scotia Capital maintained the stock with “Buy” rating in Friday, April 28 report. Robert W. Baird maintained Tallgrass Energy Partners, LP (NYSE:TEP) on Thursday, February 8 with “Buy” rating. The rating was maintained by Morgan Stanley on Friday, February 9 with “Equal-Weight”. The stock has “Buy” rating by Scotia Capital on Monday, January 29. The firm has “Equal-Weight” rating given on Friday, November 17 by Morgan Stanley. Stifel Nicolaus maintained it with “Buy” rating and $47.0 target in Thursday, February 8 report.

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 5 Sell and 18 Hold. Therefore 23% are positive. Norfolk Southern Corp. had 99 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Sector Outperform” rating given on Tuesday, March 15 by Scotia Capital. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Peer Perform” rating by Wolfe Research on Wednesday, March 15. Loop Capital downgraded the shares of NSC in report on Monday, November 27 to “Sell” rating. The rating was upgraded by Bank of America on Tuesday, October 11 to “Buy”. The company was maintained on Wednesday, July 26 by RBC Capital Markets. BMO Capital Markets maintained Norfolk Southern Corporation (NYSE:NSC) on Thursday, September 14 with “Hold” rating. Credit Suisse maintained Norfolk Southern Corporation (NYSE:NSC) on Thursday, July 27 with “Buy” rating. The firm has “Hold” rating by Robert W. Baird given on Friday, November 10. On Thursday, June 16 the stock rating was initiated by Oppenheimer with “Market Perform”. The company was maintained on Thursday, June 1 by BMO Capital Markets.

Ancora Advisors Llc decreased Lattice Semiconductor Corp (NASDAQ:LSCC) stake by 180,407 shares to 89,236 valued at $516,000 in 2017Q4. It also reduced Electro Scientific Inds (NASDAQ:ESIO) stake by 106,472 shares and now owns 30,308 shares. Gilead Sciences Inc (NASDAQ:GILD) was reduced too.

Since October 26, 2017, it had 0 insider buys, and 5 selling transactions for $2.43 million activity. Shares for $1.50 million were sold by Squires James A on Thursday, February 1. 467 shares valued at $70,130 were sold by Hurlbut Thomas E on Thursday, February 1. Another trade for 3,568 shares valued at $474,558 was sold by Wheeler Michael Joseph.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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