Breaking News Instant updates and real-time market news.

TGE

Tallgrass Energy

$21.99

0.27 (1.24%)

16:19
07/11/19
07/11
16:19
07/11/19
16:19

Tallgrass Energy increases quarterly dividend 1.9% to 54c per share

Tallgrass Energy, or TGE, announced its quarterly dividend for Q2. The dividend will be paid on August 14 to shareholders of record as of the close of business on July 31. The board of directors of TGE's general partner declared a quarterly cash dividend of 54c per Class A share for Q2, or $2.16 on an annualized basis. This represents a 1.9% sequential increase from the Q1 dividend of 53c per Class A share.

TGE Tallgrass Energy
$21.99

0.27 (1.24%)

06/25/19
SBSH
06/25/19
INITIATION
Target $23
SBSH
Buy
Tallgrass Energy reinstated with a Buy at Citi
Citi analyst Timm Schneider reinstated coverage of Tallgrass Energy (TGE) following the company's transaction with Blackstone (BX) and keeps a Buy rating and $23 price target on the shares. He expects lower volumetric throughput and tariff rates from 2020 onwards given contract expirations amid what may be a challenging re-contracting environment.
04/03/19
04/03/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Caterpillar (CAT) downgraded to Hold from Buy at Deutsche Bank with analyst Chad Dillard saying the biggest risk to the bull case for Caterpillar is if its backlog growth turns negative, "and it is becoming increasingly clear that it will within this next quarter." 2. Dunkin' Brands (DNKN) downgraded to Market Perform from Outperform at BMO Capital with analyst Andrew Strelzik saying that while he remains positive on the company's underlying fundamentals over the long term, he sees risk/reward at current levels as "less persuasive." 3. Tallgrass Energy (TGE) downgraded to Neutral from Buy at Goldman Sachs with analyst Michael Lapides citing the stock's recent outperformance and also warns that its Rockies Express Pipeline natural gas pipeline and Pony Express crude oil pipeline contract roll-offs pose "overhangs," even though the "volume growth out of Bakken, Niobrara, and Powder River Basin could offset this over time." 4. Walgreens Boots Alliance (WBA) downgraded to Hold from Buy at Loop Capital with analyst Andrew Wolf citing the company's disappointing Q2 earnings and FY19 guidance announced yesterday "driven by significantly lower-than-forecasted gross margin resulting from increased pharmacy reimbursement rate pressure in the U.S." 5. Alcoa (AA) downgraded to Neutral from Buy at BofA/Merrill with analyst Timna Tanners saying she now sees limited free cash flow payments by Alcoa to upstream AWAC joint-venture partner Alumina Ltd, potential excess alumina/bauxite supply, and potential price risks from the Alunorte refinery restarting, the world's largest refinery. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/02/19
04/02/19
DOWNGRADE
Target $26

Neutral
Tallgrass Energy cut to Neutral at Goldman Sachs following outperformance
As previously reported, Goldman Sachs analyst Michael Lapides downgraded Tallgrass Energy to Neutral with a price target of $26. The analyst cites the stock's recent outperformance and also warns that its Rockies Express Pipeline natural gas pipeline and Pony Express crude oil pipeline contract roll-offs pose "overhangs", even though the "volume growth out of Bakken, Niobrara, and Powder River Basin could offset this over time". Lapides further notes that Tallgrass Energy's Seahorse and Plaquemines projects could create a financing overhang should they proceed.
04/02/19
GSCO
04/02/19
DOWNGRADE
GSCO
Neutral
Tallgrass Energy downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Michael Lapides downgraded Tallgrass Energy to Neutral with a price target of $26.

TODAY'S FREE FLY STORIES

10:02
07/16/19
07/16
10:02
07/16/19
10:02
General news
Housing Market Index data reported »

July Housing Market Index…

10:02
07/16/19
07/16
10:02
07/16/19
10:02
General news
Business Inventories data reported »

May Business Inventories…

GS

Goldman Sachs

$216.98

5.43 (2.57%)

10:01
07/16/19
07/16
10:01
07/16/19
10:01
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs »

Goldman Sachs says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

DIS

Disney

$144.63

-0.42 (-0.29%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Periodicals
ESPN to launch daily morning podcast in October, Washington Post reports »

ESPN is planning to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Aug

COE

China Online Education

$6.84

(0.00%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
China Online Education falls -7.4% »

China Online Education is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HRTG

Heritage Insurance

$15.01

-0.94 (-5.89%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
Heritage Insurance falls -5.6% »

Heritage Insurance is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Sep

UGAZ

VelocityShares 3x Long Natural Gas ETN

$16.45

-1.53 (-8.51%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -8.6% »

VelocityShares 3x Long…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TTM

Tata Motors

$12.29

0.63 (5.40%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
Tata Motors rises 5.4% »

Tata Motors is up 5.4%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jul

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$150.60

11.75 (8.46%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
VelocityShares 3x Inv Natural Gas ETN rises 8.3% »

VelocityShares 3x Inv…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

APRN

Blue Apron

$9.09

1.44 (18.82%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
Blue Apron rises 18.8% »

Blue Apron is up 18.8%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Aug

REKR

Rekor Systems

$2.53

0.21 (9.05%)

, NVDA

Nvidia

$165.73

-1.51 (-0.90%)

09:58
07/16/19
07/16
09:58
07/16/19
09:58
Hot Stocks
Rekor Systems reports joining NVIDIA Metropolis Software Partner Program »

Rekor Systems (REKR)…

REKR

Rekor Systems

$2.53

0.21 (9.05%)

NVDA

Nvidia

$165.73

-1.51 (-0.90%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Aug

JBHT

J.B. Hunt

$99.00

6.5 (7.03%)

, R

Ryder

$58.12

1.39 (2.45%)

09:55
07/16/19
07/16
09:55
07/16/19
09:55
Options
Early notable gainers among liquid option names on July 16th »

Notable gainers among…

JBHT

J.B. Hunt

$99.00

6.5 (7.03%)

R

Ryder

$58.12

1.39 (2.45%)

SCHW

Charles Schwab

$41.90

1.62 (4.02%)

FDX

FedEx

$171.00

3.13 (1.86%)

GS

Goldman Sachs

$214.69

3.14 (1.48%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

  • 19

    Jul

  • 30

    Jul

  • 30

    Jul

  • 31

    Jul

  • 26

    Aug

  • 17

    Sep

  • 27

    Oct

  • 13

    Nov

GS

Goldman Sachs

$214.61

3.06 (1.45%)

09:54
07/16/19
07/16
09:54
07/16/19
09:54
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs »

Goldman Sachs says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

SBUX

Starbucks

$90.02

-0.13 (-0.14%)

09:54
07/16/19
07/16
09:54
07/16/19
09:54
Upgrade
Starbucks rating change at OTR Global »

Starbucks upgraded at OTR…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jul

GS

Goldman Sachs

$213.56

2.01 (0.95%)

, TW

Tradeweb Markets

$47.40

(0.00%)

09:51
07/16/19
07/16
09:51
07/16/19
09:51
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs, Tradeweb Markets »

Goldman Sachs CFO says…

GS

Goldman Sachs

$213.56

2.01 (0.95%)

TW

Tradeweb Markets

$47.40

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

  • 08

    Aug

09:50
07/16/19
07/16
09:50
07/16/19
09:50
General news
Breaking General news story  »

Atlanta Federal Reserve…

JNJ

Johnson & Johnson

$132.30

-2.37 (-1.76%)

09:49
07/16/19
07/16
09:49
07/16/19
09:49
Hot Stocks
Johnson & Johnson says continues to invest in R&D at 'competitive levels' »

Says: Expects to invest…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

  • 09

    Sep

  • 16

    Sep

IMRN

Immuron

$6.62

3.78 (133.10%)

09:48
07/16/19
07/16
09:48
07/16/19
09:48
Hot Stocks
Immuron jumps after reporting FY19 sales of A$2.6M »

Immuron announced earlier…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TWLO

Twilio

$146.09

0.735 (0.51%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Recommendations
Twilio analyst commentary at JMP Securities »

JMP maintains Outperform…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

SPAR

Spartan Motors

$11.68

1.77 (17.86%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Spartan Motors receives 2,237-unit walk-in-van order from e-commerce company »

Spartan Fleet Vehicles…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Aug

LEA

Lear

$127.00

-8.08 (-5.98%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Lear falls -6.3% »

Lear is down -6.3%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jul

ARW

Arrow Electronics

$64.20

-4.62 (-6.71%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Arrow Electronics falls -6.6% »

Arrow Electronics is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

UGAZ

VelocityShares 3x Long Natural Gas ETN

$16.31

-1.67 (-9.29%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -9.3% »

VelocityShares 3x Long…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TTM

Tata Motors

$12.25

0.59 (5.06%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Tata Motors rises 4.8% »

Tata Motors is up 4.8%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jul

APRN

Blue Apron

$8.37

0.72 (9.41%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Blue Apron rises 10.3% »

Blue Apron is up 10.3%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Aug

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.