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What Does Institutional Investor Activity in TEP Indicate?

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Nov. 20 2020, Updated 5:32 p.m. ET

Top institutional investors

Tortoise Capital Advisors, Alps Advisors, and Salient Capital Advisors are the top three institutional investors in Tallgrass Energy Partners (TEP). These three investors hold 10.3%, 5.3%, and 5.1% of TEP’s outstanding shares, respectively. 

Tallgrass Equity holds 35.0% of TEP’s outstanding shares. The top ten investors collectively own 74.4% of Tallgrass Energy Partners’ outstanding shares.

The table above lists the top ten institutional investors in Tallgrass Energy Partners and their recent position changes. The top ten investors collectively added net 5.7 million shares of TEP to their positions, of which 5.6 million shares were added by Tallgrass Equity.

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Position changes

An addition of 0.3 million shares by Salient Capital Advisors was the largest addition apart from the purchase by Tallgrass Equity. On the other hand, OFI SteelPath sold net 0.3 million TEP shares in 4Q17. As the table above shows, there weren’t any significant position changes by the top ten institutional investors in TEP in 4Q17.

Institutional ownership in TEP

Strategic entities hold 70.5% of Tallgrass Energy Partners’ outstanding shares. TEP has ~74 million outstanding shares, 28.7% of which are free-floating shares.

The top ten investors in Kinder Morgan (KMI) added net 22 million KMI shares to their positions in 4Q17. Learn more at Kinder Morgan: Institutional Investors’ Position Changes. Learn about recent institutional investor activity in Enterprise Products Partners (EPD) in Institutional Investor Activity in Enterprise Products.

For the latest on energy MLPs, read Market Realist’s Energy MLPs page.

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