As Targa Res (TRGP) Stock Declined, Energy Income Partners Has Decreased by $1.05 Million Its Holding; As Schwab Charles New (SCHW) Stock Value Declined, Sadoff Investment Management Has Lifted Stake by $421,400

February 21, 2018 - By Maria Brooks

Sadoff Investment Management Llc increased its stake in Schwab Charles Corp New (SCHW) by 1.08% based on its latest 2017Q3 regulatory filing with the SEC. Sadoff Investment Management Llc bought 9,800 shares as the company’s stock declined 7.92% while stock markets rallied. The institutional investor held 917,195 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $40.12M, up from 907,395 at the end of the previous reported quarter. Sadoff Investment Management Llc who had been investing in Schwab Charles Corp New for a number of months, seems to be bullish on the $70.60 billion market cap company. The stock increased 0.61% or $0.32 during the last trading session, reaching $52.66. About 1.88 million shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 32.11% since February 21, 2017 and is uptrending. It has outperformed by 15.41% the S&P500.

Energy Income Partners Llc decreased its stake in Targa Res Corp (TRGP) by 2.73% based on its latest 2017Q3 regulatory filing with the SEC. Energy Income Partners Llc sold 22,320 shares as the company’s stock declined 13.24% while stock markets rallied. The hedge fund held 794,982 shares of the public utilities company at the end of 2017Q3, valued at $37.60M, down from 817,302 at the end of the previous reported quarter. Energy Income Partners Llc who had been investing in Targa Res Corp for a number of months, seems to be less bullish one the $10.25 billion market cap company. The stock decreased 1.93% or $0.92 during the last trading session, reaching $46.83. About 502,290 shares traded. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since February 21, 2017 and is uptrending. It has outperformed by 1.72% the S&P500.

Energy Income Partners Llc, which manages about $4.12B and $5.43 billion US Long portfolio, upped its stake in Transmontaigne Partners LP (NYSE:TLP) by 20,308 shares to 574,857 shares, valued at $24.55 million in 2017Q3, according to the filing. It also increased its holding in Xcel Energy Inc (NYSE:XEL) by 44,760 shares in the quarter, for a total of 786,359 shares, and has risen its stake in Southern Co (NYSE:SO).

Among 19 analysts covering Targa Resources (NYSE:TRGP), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Targa Resources had 83 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by Raymond James to “Outperform” on Thursday, January 12. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, August 22. Citigroup maintained it with “Buy” rating and $55 target in Tuesday, February 6 report. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, August 4 report. Barclays Capital downgraded the stock to “Equal-Weight” rating in Tuesday, July 18 report. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, July 17 report. The firm has “Hold” rating by BMO Capital Markets given on Monday, November 13. The stock of Targa Resources Corp. (NYSE:TRGP) has “Buy” rating given on Thursday, February 1 by Goldman Sachs. The firm earned “Neutral” rating on Tuesday, October 10 by Citigroup. The firm has “Hold” rating given on Wednesday, June 8 by Jefferies.

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.32, from 1.56 in 2017Q2. It dived, as 33 investors sold TRGP shares while 103 reduced holdings. 39 funds opened positions while 130 raised stakes. 182.82 million shares or 0.10% more from 182.63 million shares in 2017Q2 were reported. Proshare Ltd Liability Company reported 25,728 shares. Bard Associates invested 0.74% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Moreover, Cbre Clarion Securities Limited Com has 0.03% invested in Targa Resources Corp. (NYSE:TRGP). Moreover, Wade G W has 0.05% invested in Targa Resources Corp. (NYSE:TRGP). Nomura Asset Mngmt reported 0.02% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Shine Inv Advisory owns 2,375 shares for 0.06% of their portfolio. Schroder Invest Management Grp Inc reported 221,386 shares. State Board Of Administration Of Florida Retirement Sys has 0.03% invested in Targa Resources Corp. (NYSE:TRGP) for 263,936 shares. Essex Mgmt Com Limited Co reported 5,211 shares. Jane Street Gru Limited holds 0% or 13,196 shares. Catalyst Capital stated it has 0.7% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Moreover, Scoria Cap Ptnrs Limited Partnership has 2.66% invested in Targa Resources Corp. (NYSE:TRGP) for 50,000 shares. Moreover, Westpac Corporation has 0.01% invested in Targa Resources Corp. (NYSE:TRGP) for 12,611 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.02% in Targa Resources Corp. (NYSE:TRGP). Coldstream Management has invested 0.08% of its portfolio in Targa Resources Corp. (NYSE:TRGP).

Since September 6, 2017, it had 0 insider buys, and 21 insider sales for $95.01 million activity. 240,000 shares valued at $13.23M were sold by SCHWAB CHARLES R on Wednesday, January 24. On Friday, January 26 MCLIN STEPHEN T sold $1.01 million worth of The Charles Schwab Corporation (NYSE:SCHW) or 18,663 shares. Kallsen Terri R had sold 4,267 shares worth $196,357. Clark Bernard J. sold $3.31 million worth of stock. Murtagh Nigel J had sold 8,000 shares worth $361,194 on Tuesday, October 31.

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