The VP and Chief Accounting Officer of Tallgrass Energy GP (NYSE: TGE) is Selling Shares

By Carrie Williams

Today, the VP and Chief Accounting Officer of Tallgrass Energy GP (TGEResearch Report), Gary Watkins, sold shares of TGE for $286K.

In addition to Gary Watkins, 2 other TGE executives reported Sell trades in the last month.

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Based on Tallgrass Energy GP’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $207 million and quarterly net profit of $59.78 million. In comparison, last year the company earned revenue of $176 million and had a GAAP net loss of $165 million. TGE’s market cap is $3.67B and the company has a P/E ratio of 22.17. Currently, Tallgrass Energy GP has an average volume of 954.2K.

Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $23.67, reflecting a -0.6% downside.

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Tallgrass Energy LP owns, operates, acquires, and develops midstream energy assets in North America. It operates through following segments: Natural Gas Transportation, Crude Oil Transportation and Gathering, Processing & Terminalling.