Chickasaw Capital Management LLC Holding in Targa Resources Corp (TRGP) Has Lowered by $17.99 Million as Valuation Rose

November 10, 2018 - By Robert Crowder

Investors sentiment decreased to 1.16 in 2018 Q2. Its down 0.17, from 1.33 in 2018Q1. It fall, as 36 investors sold TRGP shares while 111 reduced holdings. 45 funds opened positions while 126 raised stakes. 201.41 million shares or 0.59% less from 202.60 million shares in 2018Q1 were reported. Ls Investment Advisors Ltd Limited Liability Company holds 1,735 shares. Janney Montgomery Scott holds 0.02% in Targa Resources Corp. (NYSE:TRGP) or 46,675 shares. Ares Mngmt Ltd Liability Corp owns 0.18% invested in Targa Resources Corp. (NYSE:TRGP) for 104,867 shares. Wexford Limited Partnership accumulated 1.35% or 426,242 shares. Guardian Limited Partnership accumulated 165,924 shares or 0.14% of the stock. The Massachusetts-based Boston Prtnrs has invested 0.07% in Targa Resources Corp. (NYSE:TRGP). Livforsakringsbolaget Skandia Omsesidigt invested in 3,400 shares. Oakworth owns 28 shares. Mariner Ltd Liability reported 24,831 shares or 0.03% of all its holdings. Macroview Management Limited Liability holds 0.1% or 565 shares. First Mercantile Tru reported 20,451 shares. Meiji Yasuda Asset Co invested in 0.04% or 9,820 shares. Teacher Retirement Systems Of Texas has 0.01% invested in Targa Resources Corp. (NYSE:TRGP) for 44,397 shares. Boothbay Fund Mgmt Limited Liability Com stated it has 0.05% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Neuberger Berman Grp Limited Liability Company stated it has 0.25% of its portfolio in Targa Resources Corp. (NYSE:TRGP).

Since August 14, 2018, it had 0 buys, and 3 insider sales for $334,513 activity. 3,100 shares valued at $167,811 were sold by CRISP CHARLES R on Monday, August 20.

Chickasaw Capital Management Llc decreased its stake in Targa Resources Corp (TRGP) by 4.52% based on its latest 2018Q2 regulatory filing with the SEC. Chickasaw Capital Management Llc sold 367,185 shares as the company’s stock rose 15.94% with the market. The hedge fund held 7.76M shares of the public utilities company at the end of 2018Q2, valued at $384.07M, down from 8.13M at the end of the previous reported quarter. Chickasaw Capital Management Llc who had been investing in Targa Resources Corp for a number of months, seems to be less bullish one the $11.40 billion market cap company. The stock decreased 3.24% or $1.69 during the last trading session, reaching $50.55. About 2.64 million shares traded or 47.27% up from the average. Targa Resources Corp. (NYSE:TRGP) has risen 19.79% since November 10, 2017 and is uptrending. It has outperformed by 4.17% the S&P500.

Chickasaw Capital Management Llc, which manages about $1.93B and $4.75 billion US Long portfolio, upped its stake in Enlink Midstream Partners Lp (NYSE:ENLK) by 735,595 shares to 7.17M shares, valued at $111.30M in 2018Q2, according to the filing. It also increased its holding in Antero Midstream Partners Lp (NYSE:AM) by 306,801 shares in the quarter, for a total of 5.18 million shares, and has risen its stake in Buckeye Partners Lp (NYSE:BPL).

More news for Targa Resources Corp. (NYSE:TRGP) were recently published by: Bizjournals.com, which released: “Best in class: Here’s where Texas’ Fortune 500 CEOs studied” on November 07, 2018. Globenewswire.com‘s article titled: “Targa Resources Partners LP Announces Monthly Distribution on Preferred Units” and published on October 15, 2018 is yet another important article.

Targa Resources Corp. (NYSE:TRGP) Ratings Coverage

Among 12 analysts covering Targa Resources (NYSE:TRGP), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Targa Resources had 14 analyst reports since June 12, 2018 according to SRatingsIntel. The stock of Targa Resources Corp. (NYSE:TRGP) has “Buy” rating given on Friday, August 10 by UBS. On Tuesday, July 31 the stock rating was maintained by Citigroup with “Buy”. Bank of America upgraded Targa Resources Corp. (NYSE:TRGP) on Thursday, October 25 to “Buy” rating. Raymond James maintained the stock with “Strong Buy” rating in Wednesday, October 17 report. The firm has “Equal-Weight” rating given on Friday, August 17 by Morgan Stanley. Seaport Global downgraded it to “Neutral” rating and $55 target in Friday, July 27 report. The rating was upgraded by Barclays Capital on Wednesday, October 3 to “Overweight”. The rating was maintained by Stifel Nicolaus on Thursday, October 11 with “Buy”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 10 report. Barclays Capital downgraded the shares of TRGP in report on Tuesday, June 12 to “Equal-Weight” rating.

Targa Resources Corp. (NYSE:TRGP) Institutional Positions Chart

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