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 Video: What is a Stock Split?
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| Tallgrass Energy is a limited partnership that owns, operates, acquires and develops midstream energy assets in North America. Co.'s segments are: Natural Gas Transportation, which includes the ownership and operation of natural gas pipelines and natural gas storage facility; Crude Oil Transportation, which includes the ownership and operation of crude oil pipeline system; and Gathering, Processing and Terminalling, which includes the ownership and operation of natural gas gathering and processing facilities, crude oil storage and terminalling facilities, the provision of water business services, the transportation of natural gas liquids (NGLs), and the marketing of crude oil and NGLs. According to our TGE split history records, TGE has had 8 splits. | |
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TGE (TGE) has 8 splits in our TGE split history database. The first split for TGE took place on April 07, 2006. This was a 105 for 100 split, meaning for each 100 shares of TGE owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. TGE's second split took place on April 11, 2007. This was a 105 for 100 split, meaning for each 100 shares of TGE owned pre-split, the shareholder now owned 105 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. TGE's third split took place on April 24, 2009. This was a 105 for 100 split, meaning for each 100 shares of TGE owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split. TGE's 4th split took place on April 26, 2012. This was a 21 for 20 split, meaning for each 20 shares of TGE owned pre-split, the shareholder now owned 21 shares. For example, a 1157.625 share position pre-split, became a 1215.50625 share position following the split. TGE's 5th split took place on October 06, 1999. This was a 105 for 100 split, meaning for each 100 shares of TGE owned pre-split, the shareholder now owned 105 shares. For example, a 1215.50625 share position pre-split, became a 1276.2815625 share position following the split. TGE's 6th split took place on April 10, 2008. This was a 105 for 100 split, meaning for each 100 shares of TGE owned pre-split, the shareholder now owned 105 shares. For example, a 1276.2815625 share position pre-split, became a 1340.095640625 share position following the split. TGE's 7th split took place on April 28, 2010. This was a 105 for 100 split, meaning for each 100 shares of TGE owned pre-split, the shareholder now owned 105 shares. For example, a 1340.095640625 share position pre-split, became a 1407.10042265625 share position following the split. TGE's 8th split took place on April 26, 2013. This was a 105 for 100 split, meaning for each 100 shares of TGE owned pre-split, the shareholder now owned 105 shares. For example, a 1407.10042265625 share position pre-split, became a 1477.45544378906 share position following the split.
When a company such as TGE splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the TGE split history from start to finish, an original position size of 1000 shares would have turned into 1477.45544378906 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TGE shares, starting with a $10,000 purchase of TGE, presented on a split-history-adjusted basis factoring in the complete TGE split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/08/2015 |
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| End date: |
04/16/2020 |
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| Start price/share: |
$31.64 |
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| End price/share: |
$22.39 |
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| Starting shares: |
316.06 |
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| Ending shares: |
419.80 |
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| Dividends reinvested/share: |
$6.38 |
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| Total return: |
-6.01% |
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| Average Annual Total Return: |
-1.24% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,401.61 |
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| Years: |
4.95 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/08/2015 |
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| End date: |
04/16/2020 |
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| Start price/share: |
$31.64 |
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| End price/share: |
$22.39 |
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| Dividends collected/share: |
$6.38 |
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| Total return: |
-9.08% |
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| Average Annual Total Return: |
-1.91% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,090.39 |
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| Years: |
4.95 |
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| Date |
Ratio |
| 04/07/2006 | 105 for 100 | | 04/11/2007 | 105 for 100 | | 04/24/2009 | 105 for 100 | | 04/26/2012 | 21 for 20 | | 10/06/1999 | 105 for 100 | | 04/10/2008 | 105 for 100 | | 04/28/2010 | 105 for 100 | | 04/26/2013 | 105 for 100 |
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