Economy

Targa Resources Corp (TRGP) Holdings Reduced by Pinnacle Holdings LLC

Targa Resources Corp (TRGP) Holdings Reduced by Pinnacle Holdings LLC

The institutional investor held 202,705 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $11.60 million, down from 266,499 at the end of the previous reported quarter.

The company had seen its current volume reaching at 2.23 million shares in the last trade. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since February 21, 2017 and is uptrending. It has outperformed by 86.57% the S&P500. (NYSE:TRGP). Moreover, Oppenheimer Asset Mgmt Inc has 0.01% invested in Targa Resources Corp. The hedge fund held 8.26 million shares of the public utilities company at the end of 2017Q3, valued at $390.86 million, up from 7.92M at the end of the previous reported quarter. Putnam Invests Limited Liability Company reported 26,755 shares. Bank of New York Mellon Corp now owns 5,334,439 shares of the pipeline company's stock valued at $258,294,000 after purchasing an additional 1,294,549 shares in the last quarter. Seaport Global Securities also issued estimates for Targa Resources' Q4 2017 earnings at ($0.28) EPS, FY2017 earnings at ($1.80) EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.37 EPS, FY2019 earnings at $0.47 EPS, FY2020 earnings at $1.02 EPS and FY2021 earnings at $1.52 EPS. It has underperformed by 32.15% the S&P500.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Targa Resources had 83 analyst reports since August 5, 2015 according to SRatingsIntel. Zacks Investment Research upgraded shares of Targa Resources from a "sell" rating to a "hold" rating in a research note on Wednesday, November 1st. The rating was maintained by RBC Capital Markets with "Buy" on Friday, July 14. (NYSE:TRGP) earned "Buy" rating by Stifel Nicolaus on Thursday, November 3. They issued a "neutral" rating on the stock. (NYSE:TRGP) has "Overweight" rating given on Tuesday, September 27 by Barclays Capital. Royal Bank of Canada restated a buy rating and issued a $60.00 target price on shares of Targa Resources in a research note on Tuesday, January 16th. The firm has "Hold" rating given on Thursday, February 8 by Piper Jaffray.

Investors of record on Thursday, February 1st were given a $0.91 dividend. Its down 0.32, from 1.56 in 2017Q2. It dropped, as 33 investors sold TRGP shares while 103 reduced holdings.

More news: Curling: South Korea stay strong to reach final v Sweden

A number of institutional investors and hedge funds have recently made changes to their positions in the stock.

Hecla Mining Company (HL) remained successful in beating the consensus-estimated $0.03 as it actually earned $0.04 per share in its last reported financial results. Targa Resources accounts for 1.7% of Advisory Research Inc.'s holdings, making the stock its 13th biggest position. State Street holds 0.02% or 4.50M shares in its portfolio. 217.14 million shares or 1.57% less from 220.61 million shares in 2017Q2 were reported. Jennison Assoc Lc owns 2.81 million shares or 0.14% of their U.S. portfolio. Smith Asset Management Group Limited Partnership stated it has 3,110 shares. 14,087 are held by Cambridge Inv Advsr. Bank of America initiated coverage on shares of Targa Resources in a research note on Tuesday, January 9th. (NYSE:TRGP). Teilinger Cap Ltd holds 79.32% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Ubs Asset Americas holds 0.02% or 577,565 shares in its portfolio. Benedict Advisors invested in 0.19% or 7,801 shares. Cohen Steers Incorporated reported 151,861 shares or 0.02% of all its holdings. Starr Int accumulated 0.36% or 83,057 shares.

Market capitalization is the total market value of all of a company's outstanding shares. Numina Capital Management Llc who had been investing in Echostar Corp for a number of months, seems to be less bullish one the $5.64B market cap company. (NYSE:TRGP). Sei Invs has 54,334 shares. About 1.74M shares traded or 4.57% up from the average. (NYSE:TRGP). Moreover, Wade G W has 0.05% invested in Targa Resources Corp. Therefore 55% are positive. BT Group plc had 33 analyst reports since July 22, 2015 according to SRatingsIntel. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. The rating was maintained by Buckingham Research on Monday, August 10 with "Neutral". As per Monday, August 28, the company rating was maintained by Jefferies. The ex-dividend date was Wednesday, January 31st. The firm has "Equal-Weight" rating by Morgan Stanley given on Friday, May 6. TheStreet downgraded shares of Targa Resources from a "c-" rating to a "d+" rating in a research report on Monday, November 13th. (NYSE:VTR) by 20,934 shares to 954,838 shares, valued at $62.19M in 2017Q3, according to the filing. It also increased its holding in Honeywell International Inc. (NASDAQ:PICO) by 22,850 shares in the quarter, leaving it with 1.37 million shares, and cut its stake in Hollyfrontier Corporation (NYSE:HFC).

Investors sentiment increased to 1.31 in Q3 2017. Its down 0.15, from 1.02 in 2017Q2. It improved, as 67 investors sold L Brands, Inc. shares while 105 reduced holdings. 72 funds opened positions while 246 raised stakes. Bw Gestao De Investimentos Ltda holds 19,610 shares or 0.23% of its portfolio. Northwestern Mutual Wealth holds 135,923 shares. Alliancebernstein Limited Partnership invested in 0.01% or 153,797 shares. Bollard Group Ltd Liability invested in 0.01% or 2,557 shares. Brave Asset Management reported 18,130 shares or 0.38% of all its holdings. Wells Fargo And Mn has invested 0.01% of its portfolio in Targa Resources Corp. Palladium Prns Ltd Liability Com reported 0.03% in General Motors Company (NYSE:GM).


  • NRA under fire: Organization weighs in on gun debate

    NRA under fire: Organization weighs in on gun debate

    On Wednesday, President Donald Trump hosted students and parents at the White House for a raw, televised listening session. The night prior, Loesh spoke at a CNN Town Hall before the survivors of the Parkland, Florida school shooting.
    Broward County Sheriff: Deputy never entered school in shooting

    Broward County Sheriff: Deputy never entered school in shooting

    Their restricted assignments come as the bureau found it responded to 23 calls regarding Cruz or his brother since 2008. Peterson, according to Israel, should've "went in".
    National Hockey League  honors Stoneman Douglas victims

    National Hockey League honors Stoneman Douglas victims

    To the teachers at the schools, you guys are heroes. It's time for us, as a community to take action. You guys are an inspiration to all of us.
  • Indiana Sunday alcohol sales days away

    Indiana Sunday alcohol sales days away

    But it couldn't have happened without an unexpected alliance between the liquor store and grocery store associations. A bill legalizing Sunday carryout alcohol sales in IN is on its way to the governor and could take effect soon.
    Missouri Gov. Indicted For Privacy Invasion Over Nude Pic

    Missouri Gov. Indicted For Privacy Invasion Over Nude Pic

    An indictment released Thursday charges the Republican governor with felony invasion of privacy. Greitens, a married father of two young boys, has repeatedly denied blackmailing the woman.
    Release Date Powers Out For Dragon Ball Xenoverse 2 DLC Pack 6

    Release Date Powers Out For Dragon Ball Xenoverse 2 DLC Pack 6

    The publisher just announced Extra Pack 2: Infinite History , which includes more characters, customizable options and a ton more. Bandai Namco continues to support Dragon Ball Xenoverse 2 with brand new content.
  • Alberta plane reported missing on flight out of Colorado

    Alberta plane reported missing on flight out of Colorado

    Original Story: A plane that left the Grand Junction Regional Airport on Thursday went missing from radar soon after takeoff. Civil Air Patrol search and rescue teams are looking for the plane in the area of Dove Creek, near the Colorado, Utah border.
    Gun-Free Zones Are Like Going in for Ice Cream for Killers

    Gun-Free Zones Are Like Going in for Ice Cream for Killers

    The Broward County sheriff said Thursday that Peterson had resigned after being suspended without pay. Constitution since before he announced his run for the presidency in 2015.
    Disappointed Canadian Player Removes Silver Medal During Presentation

    Disappointed Canadian Player Removes Silver Medal During Presentation

    Switzerland's team of Peter de Cruz, Benoit Schwarz, Claudio Paetz and Valentin Tanner beat Canada 7-5 on Friday. There weren't many answers for what happened to the team that had looked dominant against Finland.
  • Navellier & Associates Inc Decreases Position in Marathon Petroleum Corp (MPC)

    First Citizens Bancorporation Company holds 0.44% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 60,012 shares. Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not.
    May U-Turn on Rights For EU Migrants After Brexit

    May U-Turn on Rights For EU Migrants After Brexit

    The intervention comes after it emerged that Jeremy Corbyn will make a significant speech on Brexit policy on Monday. Until then, the party's policy had been that a customs union was just one viable option among many.
    Trump says arming some teachers would stop shootings

    Trump says arming some teachers would stop shootings "instantly"

    Please", he told the president, later adding: "I don't understand why I can still go in a store and buy a weapon of war". It was not clear if he would back closing loopholes that permit loose private sales on the internet and at gun shows.