How Institutional Investors View Tallgrass Energy Partners



Institutional holdings

Nearly 112% of Tallgrass Energy Partners’s (TEP) floating shares are currently held by nearly 160 institutional investors. The percentage of float held might be greater than 100% if both the original lender and the purchaser on the other side of the short sale claim ownership of the shares shorted. This can also be due to differences in various institutions’ date of ownership reporting.

The percentage of float held has increased significantly from nearly 83% at the end of 2Q16.

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The number of new institutional buyers of TEP shares rose from 26 at the end of 2Q16 to 36 on August 30, 2016. The total number of buyers fell from 61 to 53. At the same time, the number of sellers rose from 28 to 46 since the end of 2Q16. The number of sell-offs rose from 13 at the end of 2Q16 to 15 on August 30, 2016. These changes indicate institutional investors’ mixed sentiments toward TEP.

The above table summarizes institutional investor activity in Tallgrass Energy Partners’s shares.

In comparison, institutional investors own nearly 65% of Enbridge Energy Partners’s (EEP) float and 70% of Enterprise Products Partners’s (EPD) float.

Top institutional holders

Tortoise Capital, Massachusetts Mutual, and Kayne Anderson are the top three institutional holders owning 7.8%, 6.5%, and 4.6%, respectively, of Tallgrass Energy Partners’s outstanding shares. While both Tortoise Capital and Massachusetts Mutual increased their TEP holdings, Kayne Anderson decreased its TEP holdings, according to the latest filings.

In the final part of this series, let’s analyze Tallgrass Energy Partners stock’s correlation with commodity prices, as well as analysts’ recommendations for the stock.


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