Today, the President and Chief Operating Officer of Tallgrass Energy GP (TGE), William Moler, sold shares of TGE for $689K.
In addition to William Moler, 10 other TGE executives reported Sell trades in the last month. This is Moler’s first transaction since reporting a Buy transaction on TEP back in August 2015
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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 $3.87B and the company has a P/E ratio of 23.41. Currently, Tallgrass Energy GP has an average volume of 526.5K.
Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $23.67, reflecting a -5.8% downside.
In the last 30 days, insiders have sold $980.3M worth of TGE shares and purchased $25.01M worth of TGE shares. The insider sentiment on Tallgrass Energy GP has been neutral according to 62 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
William Moler’s trades have generated a -2.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
