1 High-Yield Stock to Keep an Eye On

Earlier this year, Tallgrass Energy GP (NYSE: TEGP) agreed to acquireits master limited partnership, Tallgrass Energy Partners (NYSE: TEP)in an all-stock deal. This transaction is one of many similar ones in the sector over the past few years as energy infrastructure companies have had to grapple with the fallout of the oil market downturn.

Like the deals before it, and those announced afterward, the transaction will create one stronger entity that's well positioned to grow in the coming years while still offering income-seeking investors a generous income stream. That income with upside makes Tallgrass a stock that investors will want to keep on their radar, especially considering the strength of its financial profile.