As Targa Res (TRGP) Market Value Declined, Kayne Anderson Capital Advisors LP Cut Stake by $9.10 Million; Gofen & Glossberg Has Raised Its Oracle (ORCL) Stake by $424,128; Stock Value Rose

January 12, 2018 - By whatsonthorold

Gofen & Glossberg Llc increased its stake in Oracle (ORCL) by 15.15% based on its latest 2017Q3 regulatory filing with the SEC. Gofen & Glossberg Llc bought 8,836 shares as the company’s stock rose 5.35% with the market. The institutional investor held 67,143 shares of the prepackaged software company at the end of 2017Q3, valued at $3.25 million, up from 58,307 at the end of the previous reported quarter. Gofen & Glossberg Llc who had been investing in Oracle for a number of months, seems to be bullish on the $204.79 billion market cap company. The stock increased 1.06% or $0.52 during the last trading session, reaching $49.47. About 12.99 million shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 12, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Kayne Anderson Capital Advisors Lp decreased its stake in Targa Res Corp (TRGP) by 2.92% based on its latest 2017Q3 regulatory filing with the SEC. Kayne Anderson Capital Advisors Lp sold 193,600 shares as the company’s stock declined 13.24% while stock markets rallied. The hedge fund held 6.45M shares of the public utilities company at the end of 2017Q3, valued at $304.95 million, down from 6.64 million at the end of the previous reported quarter. Kayne Anderson Capital Advisors Lp who had been investing in Targa Res Corp for a number of months, seems to be less bullish one the $11.09 billion market cap company. The stock increased 1.24% or $0.63 during the last trading session, reaching $51.45. About 1.70 million shares traded. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since January 12, 2017 and is uptrending. It has outperformed by 1.72% the S&P500.

Since August 10, 2017, it had 0 insider buys, and 1 insider sale for $93,874 activity.

Kayne Anderson Capital Advisors Lp, which manages about $18.02 billion and $7.82 billion US Long portfolio, upped its stake in Sempra Energy (NYSE:SRE) by 3,600 shares to 5,600 shares, valued at $638,000 in 2017Q3, according to the filing. It also increased its holding in Enbridge Energy Partners LP (NYSE:EEP) by 66,500 shares in the quarter, for a total of 2.99M shares, and has risen its stake in Anadarko Pete Corp.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Targa Resources had 75 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, August 15. The rating was downgraded by Jefferies on Wednesday, June 8 to “Hold”. Wells Fargo upgraded the shares of TRGP in report on Monday, July 17 to “Buy” rating. The stock has “Hold” rating by Stifel Nicolaus on Thursday, December 1. The company was maintained on Wednesday, August 5 by RBC Capital Markets. Jefferies maintained it with “Hold” rating and $54 target in Wednesday, April 5 report. As per Thursday, February 16, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, August 22 report. As per Friday, April 21, the company rating was initiated by Macquarie Research. As per Wednesday, November 4, the company rating was maintained by RBC Capital Markets.

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.32, from 1.56 in 2017Q2. It is negative, 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. Blackrock has invested 0.03% in Targa Resources Corp. (NYSE:TRGP). Price T Rowe Assoc Inc Md invested 0% in Targa Resources Corp. (NYSE:TRGP). First Fin In holds 0.02% or 629 shares in its portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt reported 0.91% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Dnb Asset As accumulated 20,700 shares or 0.01% of the stock. Bessemer Grp Inc owns 73,822 shares or 0.01% of their US portfolio. Mirae Asset Global Investments holds 0.04% or 45,956 shares in its portfolio. Metropolitan Life Ins New York holds 248,433 shares. Meiji Yasuda Asset Management Ltd owns 0.04% invested in Targa Resources Corp. (NYSE:TRGP) for 9,520 shares. Bush Odonnell Inv Advsr stated it has 11,155 shares. First Mercantile holds 25,213 shares. Hsbc Holding Pcl reported 20,917 shares or 0% of all its holdings. Usca Ria Lc holds 0.03% in Targa Resources Corp. (NYSE:TRGP) or 4,997 shares. Brown Advisory Inc accumulated 5,220 shares or 0% of the stock. Gulf Int Bank (Uk) Limited has invested 0.05% of its portfolio in Targa Resources Corp. (NYSE:TRGP).

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.18, from 0.95 in 2017Q2. It is positive, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Keybank Natl Association Oh reported 0.71% of its portfolio in Oracle Corporation (NYSE:ORCL). Comm State Bank reported 1.00 million shares. Blair William & Il owns 326,542 shares for 0.12% of their portfolio. Contravisory Invest Management reported 42 shares stake. Global Endowment Management Limited Partnership accumulated 7,710 shares. Pitcairn Company has 25,697 shares. Headinvest Ltd Liability Co holds 0.88% or 55,220 shares. Lucas Mgmt holds 0.19% or 4,331 shares. Arrowstreet LP holds 9.30 million shares or 1.2% of its portfolio. Citadel Advsrs Ltd Liability accumulated 2.08 million shares. Beese Fulmer Invest has 5,358 shares for 0.06% of their portfolio. Valley Natl Advisers stated it has 0.05% of its portfolio in Oracle Corporation (NYSE:ORCL). Parsons Cap Mgmt Ri holds 161,129 shares. Cambridge Investment Rech Advisors Inc accumulated 233,924 shares or 0.15% of the stock. Cullen Frost Bankers stated it has 29,490 shares or 0.05% of all its holdings.

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