As Targa Resources Corp (TRGP) Shares Rose, Holder Chickasaw Capital Management LLC Trimmed Its Position

November 10, 2018 - By Linda Rogers

Investors sentiment decreased to 1.16 in 2018 Q2. Its down 0.17, from 1.33 in 2018Q1. It worsened, 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. Sandy Spring Commercial Bank invested in 0% or 350 shares. Cullen Frost Bankers holds 0.01% or 5,589 shares in its portfolio. Baldwin Brothers Ma invested in 0.15% or 19,333 shares. Homrich And Berg invested in 0.04% or 10,474 shares. Shine Invest Advisory Service Inc invested in 2,464 shares or 0.06% of the stock. Schroder Management has 36,559 shares for 0% of their portfolio. Bnp Paribas Asset Holdg Sa holds 0% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 5,582 shares. Enterprise Services Corp has invested 0.03% in Targa Resources Corp. (NYSE:TRGP). Roanoke Asset holds 7,052 shares. Macroview Mngmt Ltd invested in 565 shares or 0.1% of the stock. Texas-based Utd Serv Automobile Association has invested 0% in Targa Resources Corp. (NYSE:TRGP). Bank Of Montreal Can holds 0% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 77,710 shares. The Illinois-based Northern Trust has invested 0.02% in Targa Resources Corp. (NYSE:TRGP). Prudential holds 22,102 shares or 0% of its portfolio. 40,000 are held by Moore Mgmt Lp.

Since August 14, 2018, it had 0 buys, and 3 insider sales for $334,513 activity. On Monday, August 20 CRISP CHARLES R sold $167,811 worth of Targa Resources Corp. (NYSE:TRGP) or 3,100 shares.

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 $384.07 million, down from 8.13 million 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 $11.40B market cap company. The stock decreased 3.24% or $1.69 during the last trading session, reaching $50.55. About 2.64M 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 $1.93 billion and $4.75B US Long portfolio, upped its stake in Phillips 66 Partners Lp (NYSE:PSXP) by 274,108 shares to 3.21M shares, valued at $163.66M in 2018Q2, according to the filing. It also increased its holding in Semgroup Corp Cl A (NYSE:SEMG) by 361,462 shares in the quarter, for a total of 8.92 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 rating was maintained by Morgan Stanley on Friday, August 17 with “Equal-Weight”. Barclays Capital upgraded it to “Overweight” rating and $65 target in Wednesday, October 3 report. The firm earned “Equal-Weight” rating on Wednesday, August 29 by Barclays Capital. The firm has “Buy” rating by UBS given on Friday, August 10. Seaport Global downgraded Targa Resources Corp. (NYSE:TRGP) rating on Friday, July 27. Seaport Global has “Neutral” rating and $55 target. Barclays Capital downgraded the stock to “Equal-Weight” rating in Tuesday, June 12 report. The stock of Targa Resources Corp. (NYSE:TRGP) earned “Outperform” rating by Wells Fargo on Tuesday, September 18. The stock of Targa Resources Corp. (NYSE:TRGP) has “Outperform” rating given on Friday, August 10 by RBC Capital Markets. The firm earned “Strong Buy” rating on Wednesday, October 17 by Raymond James. The firm earned “Buy” rating on Thursday, October 25 by Bank of America.

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

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