Plante Moran Financial Advisors Decreased Magna International Class (MGA) Stake By $837,928; Western Gas Equity Partners LP (WGP) Has 1.23 Sentiment

January 14, 2018 - By Adrian Mccoy

Western Gas Equity Partners, LP engages in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. The company has market cap of $9.22 billion. The firm owns or has investments in assets located in the Rocky Mountains, including Colorado, Utah, and Wyoming; North-central Pennsylvania; and Texas. It has a 25.56 P/E ratio. Western Gas Equity Holdings, LLC serves as the general partner Western Gas Equity Partners, LP.

Plante Moran Financial Advisors Llc decreased Magna International Inc Class (MGA) stake by 96.16% reported in 2017Q3 SEC filing. Plante Moran Financial Advisors Llc sold 16,114 shares as Magna International Inc Class (MGA)’s stock declined 0.57%. The Plante Moran Financial Advisors Llc holds 644 shares with $34,000 value, down from 16,758 last quarter. Magna International Inc Class now has $21.68 billion valuation. The stock increased 3.25% or $1.88 during the last trading session, reaching $59.64. About 1.84M shares traded or 88.24% up from the average. Magna International Inc. (NYSE:MGA) has risen 15.97% since January 14, 2017 and is uptrending. It has underperformed by 0.73% the S&P500.

Among 14 analysts covering Magna International (NYSE:MGA), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Magna International had 45 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Monday, August 28 by Morgan Stanley. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, March 17 report. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, June 28. On Monday, January 25 the stock rating was upgraded by Citigroup to “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 6. The firm has “Outperform” rating given on Thursday, January 14 by RBC Capital Markets. As per Wednesday, January 10, the company rating was maintained by RBC Capital Markets. JP Morgan upgraded the stock to “Overweight” rating in Friday, November 6 report. The company was upgraded on Friday, January 12 by Wells Fargo. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) rating on Friday, June 16. RBC Capital Markets has “Buy” rating and $6000 target.

Analysts await Magna International Inc. (NYSE:MGA) to report earnings on February, 23. They expect $1.58 EPS, up 27.42% or $0.34 from last year’s $1.24 per share. MGA’s profit will be $574.35M for 9.44 P/E if the $1.58 EPS becomes a reality. After $1.36 actual EPS reported by Magna International Inc. for the previous quarter, Wall Street now forecasts 16.18% EPS growth.

Plante Moran Financial Advisors Llc increased Ishares Core S&P Mid (IJH) stake by 2,131 shares to 15,271 valued at $2.73M in 2017Q3. It also upped Ishares Russell 1000 (IWB) stake by 7,558 shares and now owns 24,233 shares. Ishares Core S&P Small (IJR) was raised too.

The stock increased 0.19% or $0.08 during the last trading session, reaching $42.12. About 276,612 shares traded or 62.07% up from the average. Western Gas Equity Partners, LP (WGP) has risen 3.31% since January 14, 2017 and is uptrending. It has underperformed by 13.39% the S&P500.

Analysts await Western Gas Equity Partners, LP (NYSE:WGP) to report earnings on February, 28. They expect $0.44 EPS, up 12.82% or $0.05 from last year’s $0.39 per share. WGP’s profit will be $96.33M for 23.93 P/E if the $0.44 EPS becomes a reality. After $0.44 actual EPS reported by Western Gas Equity Partners, LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Chickasaw Capital Management Llc holds 4.49% of its portfolio in Western Gas Equity Partners, LP for 5.08 million shares. Rr Advisors Llc owns 657,000 shares or 3.67% of their US portfolio. Moreover, Hollow Brook Wealth Management Llc has 3.52% invested in the company for 116,777 shares. The Texas-based Salient Capital Advisors Llc has invested 3.44% in the stock. Tph Asset Management Llc, a Texas-based fund reported 676,627 shares.

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