Douglass Winthrop Advisors Decreased Wells Fargo And Co New (WFC) Stake By $1.55 Million; Targa Resources (TRGP) SI Increased By 35.97%

July 17, 2017 - By Dolores Ford

Douglass Winthrop Advisors Llc decreased Wells Fargo And Co New (WFC) stake by 48.86% reported in 2016Q4 SEC filing. Douglass Winthrop Advisors Llc sold 28,150 shares as Wells Fargo And Co New (WFC)’s stock declined 8.66%. The Douglass Winthrop Advisors Llc holds 29,459 shares with $1.62 million value, down from 57,609 last quarter. Wells Fargo And Co New now has $271.79 billion valuation. The stock decreased 1.10% or $0.61 on July 14, reaching $54.99. About shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since July 17, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Targa Resources Corporation (NYSE:TRGP) had an increase of 35.97% in short interest. TRGP’s SI was 9.44M shares in July as released by FINRA. Its up 35.97% from 6.94 million shares previously. With 2.55 million avg volume, 4 days are for Targa Resources Corporation (NYSE:TRGP)’s short sellers to cover TRGP’s short positions. The SI to Targa Resources Corporation’s float is 4.97%. The stock increased 1.51% or $0.68 on July 14, reaching $45.74. About shares traded. Targa Resources Corp (NYSE:TRGP) has risen 18.42% since July 17, 2016 and is uptrending. It has outperformed by 1.72% the S&P500.

Since January 18, 2017, it had 0 buys, and 6 sales for $2.34 million activity. $576,670 worth of stock was sold by McParland Jeffrey J on Wednesday, January 18. 11,288 shares valued at $574,706 were sold by MELOY MATTHEW J on Wednesday, May 10. Heim Michael A sold $1.50 million worth of Targa Resources Corp (NYSE:TRGP) on Wednesday, January 18. 7,500 shares valued at $434,046 were sold by CRISP CHARLES R on Wednesday, February 22. WHALEN JAMES W sold $1.50 million worth of stock. On Wednesday, January 18 Perkins Joe Bob sold $3.00M worth of Targa Resources Corp (NYSE:TRGP) or 50,000 shares. Middlebrooks Dan C sold 2,597 shares worth $133,066.

Targa Resources Corp. is a midstream energy firm in North America. The company has market cap of $10.00 billion. It provides midstream services. It currently has negative earnings. The Company’s divisions include Gathering and Processing, and Logistics and Marketing .

Among 17 analysts covering Targa Resources (NYSE:TRGP), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. Targa Resources had 51 analyst reports since August 5, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Hold” rating and $5400 target in Thursday, May 25 report. Raymond James upgraded the stock to “Outperform” rating in Thursday, January 12 report. The company was maintained on Friday, July 14 by RBC Capital Markets. The company was downgraded on Thursday, September 29 by Stifel Nicolaus. As per Thursday, August 4, the company rating was upgraded by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $48 target in Monday, August 22 report. Jefferies upgraded Targa Resources Corp (NYSE:TRGP) on Thursday, January 14 to “Buy” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, August 5. The stock of Targa Resources Corp (NYSE:TRGP) has “Mkt Perform” rating given on Monday, January 4 by Raymond James. The company was upgraded on Friday, February 26 by Credit Suisse.

Investors sentiment is 1.46 in 2016 Q4. Its the same as in 2016Q3. It is the same, as 35 investors sold Targa Resources Corp shares while 102 reduced holdings. only 70 funds opened positions while 130 raised stakes. 146.32 million shares or 1.69% more from 143.89 million shares in 2016Q3 were reported. 6,642 were accumulated by Toronto Dominion National Bank. Fdx Advsr, a California-based fund reported 13,061 shares. Swiss Commercial Bank invested in 0.04% or 463,500 shares. Colorado-based Denver Invest Ltd Liability Corporation has invested 0.08% in Targa Resources Corp (NYSE:TRGP). Fidelity Natl Financial holds 0.87% of its portfolio in Targa Resources Corp (NYSE:TRGP) for 67,959 shares. Korea Inv accumulated 61,097 shares. Asset owns 181,939 shares. Veritable Limited Partnership stated it has 3,651 shares. Enterprise Fin Corp holds 364 shares or 0.01% of its portfolio. Credit Agricole S A has invested 0.01% in Targa Resources Corp (NYSE:TRGP). Commonwealth Equity Ser reported 30,213 shares. Caisse De Depot Et Placement Du Quebec holds 0.02% or 165,020 shares. Stifel Financial has invested 0.01% in Targa Resources Corp (NYSE:TRGP). Grassi Investment Mngmt holds 0.39% or 37,891 shares in its portfolio. Manufacturers Life Insurance Commerce The has 6,876 shares.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on October, 13. They expect $1.06 EPS, up 2.91% or $0.03 from last year’s $1.03 per share. WFC’s profit will be $5.24B for 12.97 P/E if the $1.06 EPS becomes a reality. After $1.07 actual EPS reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts -0.93% negative EPS growth.

Douglass Winthrop Advisors Llc increased Allergan Plc stake by 1,781 shares to 10,101 valued at $2.12M in 2016Q4. It also upped Lkq Corp Com (NASDAQ:LKQ) stake by 15,300 shares and now owns 21,800 shares. Heineken N V (HEINY) was raised too.

Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.30, from 0.97 in 2016Q3. It fall, as 112 investors sold WFC shares while 836 reduced holdings. 149 funds opened positions while 487 raised stakes. 3.70 billion shares or 2.97% more from 3.60 billion shares in 2016Q3 were reported. Moreover, Boothbay Fund Mngmt Ltd Liability Corporation has 0.16% invested in Wells Fargo & Co (NYSE:WFC). Guardian Cap Limited Partnership stated it has 466,954 shares or 0.38% of all its holdings. Spinnaker Tru reported 95,605 shares. Becker Management holds 1.96% or 1.02M shares. Los Angeles Capital Mngmt Equity holds 1.07% or 2.49M shares. Moreover, Schaller Invest Grp Inc Incorporated has 6.43% invested in Wells Fargo & Co (NYSE:WFC) for 221,878 shares. Strategic Global Limited Liability Corporation holds 5,174 shares or 0.11% of its portfolio. Sei has 1.78 million shares. Texas Permanent School Fund owns 0.99% invested in Wells Fargo & Co (NYSE:WFC) for 1.35M shares. Creative Planning has 0.16% invested in Wells Fargo & Co (NYSE:WFC). The United Kingdom-based Dynamic Capital Mgmt Ltd has invested 0.46% in Wells Fargo & Co (NYSE:WFC). Timber Creek Capital Mngmt Limited Liability Company holds 976 shares. Cahill Fincl Advsrs owns 3,842 shares. Moreover, Bkd Wealth Advsrs Ltd Llc has 0.26% invested in Wells Fargo & Co (NYSE:WFC) for 36,199 shares. Blb&B Advsr Ltd Liability holds 66,879 shares or 0.64% of its portfolio.

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