Salient Capital Advisors Decreased Its Targa Res (TRGP) Holding; UnitedHealth Group (UNH) Covered By 7 Bulls

September 14, 2018 - By Matt Emery

UnitedHealth Group Incorporated (NYSE:UNH) Logo

Among 9 analysts covering UnitedHealth (NYSE:UNH), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. UnitedHealth had 15 analyst reports since April 17, 2018 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Outperform” rating in Thursday, June 7 report. The firm earned “Buy” rating on Tuesday, April 17 by Cantor Fitzgerald. BMO Capital Markets maintained it with “Outperform” rating and $300 target in Thursday, June 21 report. The firm has “Hold” rating given on Monday, June 11 by Credit Suisse. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, July 18. The firm earned “Neutral” rating on Monday, September 10 by Citigroup. The firm has “Outperform” rating by Credit Suisse given on Wednesday, April 18. The firm has “Overweight” rating given on Wednesday, April 18 by Morgan Stanley. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, September 5. The stock of UnitedHealth Group Incorporated (NYSE:UNH) has “Buy” rating given on Wednesday, April 18 by RBC Capital Markets. See UnitedHealth Group Incorporated (NYSE:UNH) latest ratings:

10/09/2018 Broker: Citigroup Old Rating: Buy New Rating: Neutral Old Target: $288 Downgrade
05/09/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $278 New Target: $305 Maintain
18/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $277 New Target: $278 Maintain
18/07/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $275 New Target: $288 Maintain
18/07/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $282 New Target: $284 Maintain
21/06/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $285 New Target: $300 Maintain
11/06/2018 Broker: Credit Suisse Rating: Hold New Target: $270.0000 Downgrade
07/06/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $275 New Target: $285 Maintain
17/04/2018 Broker: Piper Jaffray Rating: Buy New Target: $270.0000 Maintain
18/04/2018 Broker: Bernstein Rating: Buy New Target: $275.0000 Maintain

Salient Capital Advisors Llc decreased Targa Res Corp (TRGP) stake by 2.29% reported in 2018Q2 SEC filing. Salient Capital Advisors Llc sold 108,429 shares as Targa Res Corp (TRGP)’s stock rose 15.94%. The Salient Capital Advisors Llc holds 4.63M shares with $229.21 million value, down from 4.74 million last quarter. Targa Res Corp now has $12.36 billion valuation. The stock decreased 1.33% or $0.74 during the last trading session, reaching $54.78. About 246,859 shares traded. Targa Resources Corp. (NYSE:TRGP) has risen 19.79% since September 14, 2017 and is uptrending. It has outperformed by 4.17% the S&P500. Some Historical TRGP News: 05/04/2018 – TARGA RESOURCES PARTNERS- OFFERING $750 MLN OF SENIOR UNSECURED NOTES DUE 2026; 03/05/2018 – KIRBY CORP KEX.N -PURCHASE WILL BE FINANCED THROUGH ADDITIONAL BORROWINGS; 19/04/2018 – DJ Targa Resources Corp, Inst Holders, 1Q 2018 (TRGP); 03/05/2018 – TARGA RESOURCES SEES YR NET GROWTH CAPEX $2.18B; 03/04/2018 – KP Engineering Announces Completion of Cryogenic Gas Plant for Targa Re; 03/05/2018 – KIRBY CORP KEX.N -AGREEMENT TO ACQUIRE TARGA RESOURCES CORP’S INLAND MARINE TANK BARGE BUSINESS FOR APPROXIMATELY $69.3 MLN IN CASH; 03/05/2018 – KIRBY CORP – BARGES WILL BE ABOUT $0.02 PER SHARE ACCRETIVE IN 2018; 18/04/2018 – Targa Resources Declares Dividend of 91c; 18/04/2018 – Targa Resources Corp. Announces Quarterly Dividends; 27/03/2018 – TARGA RESOURCES ANNOUNCES ADDITIONAL DELAWARE BASIN PROCESSING EXPANSIONS, AN EXTENSION OF ITS GRAND PRIX NGL PIPELINE INTO OKLAHOMA AND POTENTIAL ASSET SALES; ALSO POSTS UPDATED INVESTOR…

Since August 14, 2018, it had 0 buys, and 3 sales for $334,513 activity. CRISP CHARLES R had sold 3,100 shares worth $167,811 on Monday, August 20. 2,092 shares valued at $111,962 were sold by Klein John Richard on Tuesday, August 14.

Analysts await Targa Resources Corp. (NYSE:TRGP) to report earnings on November, 2. They expect $0.04 EPS, up 126.67% or $0.19 from last year’s $-0.15 per share. TRGP’s profit will be $9.02M for 342.38 P/E if the $0.04 EPS becomes a reality. After $0.35 actual EPS reported by Targa Resources Corp. for the previous quarter, Wall Street now forecasts -88.57% negative EPS growth.

Salient Capital Advisors Llc increased Mplx Lp (NYSE:MPLX) stake by 2.81 million shares to 7.45 million valued at $254.25 million in 2018Q2. It also upped Macquarie Infrastructure Cor (NYSE:MIC) stake by 522,217 shares and now owns 1.53 million shares. Williams Cos Inc Del (NYSE:WMB) was raised too.

Investors sentiment decreased to 1.16 in Q2 2018. Its down 0.17, from 1.33 in 2018Q1. It turned negative, 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. Advsrs Asset Mngmt Inc owns 16,152 shares. 157,142 are held by Alliancebernstein Lp. Salient Trust Lta holds 0.09% or 14,836 shares in its portfolio. Moreover, Kbc Group Nv has 0.06% invested in Targa Resources Corp. (NYSE:TRGP) for 144,457 shares. Bnp Paribas Asset Mgmt Hldgs Sa, France-based fund reported 5,582 shares. Wells Fargo And Mn has 0.01% invested in Targa Resources Corp. (NYSE:TRGP) for 625,544 shares. First Personal Financial owns 206 shares. Wexford Cap LP has invested 1.35% in Targa Resources Corp. (NYSE:TRGP). Moreover, Vanguard Group Incorporated Incorporated has 0.04% invested in Targa Resources Corp. (NYSE:TRGP). Pnc Fincl Svcs Group invested in 89,496 shares or 0% of the stock. Moreover, Daiwa Gru has 0% invested in Targa Resources Corp. (NYSE:TRGP) for 7,379 shares. Bessemer Gru holds 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 74,423 shares. Chickasaw Cap Mgmt Limited Liability Company reported 7.76M shares stake. Tru Com Of Vermont holds 200 shares or 0% of its portfolio. Adage Cap Group Ltd Liability Co holds 0.08% or 700,000 shares in its portfolio.

Among 11 analysts covering Targa Resources (NYSE:TRGP), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Targa Resources had 15 analyst reports since March 15, 2018 according to SRatingsIntel. On Friday, May 4 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Citigroup on Tuesday, July 31 with “Buy”. The firm earned “Buy” rating on Monday, April 16 by Guggenheim. Barclays Capital downgraded Targa Resources Corp. (NYSE:TRGP) rating on Tuesday, June 12. Barclays Capital has “Equal-Weight” rating and $52 target. Seaport Global maintained Targa Resources Corp. (NYSE:TRGP) rating on Tuesday, April 24. Seaport Global has “Buy” rating and $5300 target. The firm earned “Buy” rating on Friday, August 10 by UBS. The rating was maintained by Morgan Stanley on Friday, August 17 with “Equal-Weight”. Robert W. Baird maintained Targa Resources Corp. (NYSE:TRGP) on Monday, April 23 with “Buy” rating. Seaport Global downgraded it to “Neutral” rating and $55 target in Friday, July 27 report. As per Wednesday, August 29, the company rating was maintained by Barclays Capital.

The stock increased 0.19% or $0.51 during the last trading session, reaching $266. About 447,848 shares traded. UnitedHealth Group Incorporated (NYSE:UNH) has risen 33.02% since September 14, 2017 and is uptrending. It has outperformed by 17.40% the S&P500. Some Historical UNH News: 18/05/2018 – UnitedHealth Group Supporting People Affected by Mass Shooting at Santa Fe High School; 13/03/2018 – Correct: DaVita Inc. Receives FTC, Not SEC, Request for Additional Information Regarding Asset Sale to UnitedHealth; 13/03/2018 – Fitch Affirms UnitedHealth’s IFS Ratings at ‘AA-‘; Outlook Stable; 17/04/2018 – UNITEDHEALTH 1Q ADJ EPS $3.04, EST. $2.89; 28/03/2018 – CNBC EXCLUSIVE: CNBC TRANSCRIPT: UNITEDHEALTH GROUP CEO DAVID WICHMANN SITS DOWN WITH CNBC’S JIM CRAMER ON “MAD MONEY” TONIGHT; 06/03/2018 – $UNH UnitedHealthcare Says It Will Pass on Rebates from Drug Companies to Consumers; 17/04/2018 – UNITEDHEALTH CFO EXPECTS 2018 MEDICARE CARE RATIO OF 81.5 PERCENT PLUS OR MINUS 50 BASIS POINTS; 30/05/2018 – UnitedHealth at AllianceBernstein Conference Tomorrow; 19/04/2018 – National Business Group on Health Honors Atrium Health’s Levine Cancer Institute, Geisinger and UnitedHealth Group for Advanc; 13/03/2018 – Former GSK chief Andrew Witty to lead UnitedHealth’s Optum unit

More notable recent UnitedHealth Group Incorporated (NYSE:UNH) news were published by: Seekingalpha.com which released: “UnitedHealth Group: I Disagree With The Recent Downgrade” on September 11, 2018, also Schaeffersresearch.com with their article: “UnitedHealth Stock Lower on Analyst Downgrade” published on September 10, 2018, Fool.com published: “UnitedHealth Group Stock Just Hit an All-Time High: Buy, Sell, or Hold?” on August 28, 2018. More interesting news about UnitedHealth Group Incorporated (NYSE:UNH) were released by: Seekingalpha.com and their article: “Buy Urban Outfitters On Weakness – Cramer’s Lightning Round (9/7/18)” published on September 10, 2018 as well as Seekingalpha.com‘s news article titled: “UnitedHealth’s Share Price Will Continue Its Rapid Uptrend” with publication date: September 07, 2018.

Investors sentiment increased to 1.1 in Q2 2018. Its up 0.14, from 0.96 in 2018Q1. It is positive, as 39 investors sold UnitedHealth Group Incorporated shares while 504 reduced holdings. 132 funds opened positions while 463 raised stakes. 792.19 million shares or 0.38% more from 789.19 million shares in 2018Q1 were reported. Alexandria Capital Lc has invested 0.45% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH). Pure Fincl Advsrs stated it has 2,046 shares or 0.11% of all its holdings. Comerica Comml Bank reported 251,128 shares. Ami Investment Inc reported 8,274 shares. Ardevora Asset Mgmt Limited Liability Partnership accumulated 110,347 shares. 2,541 were reported by Budros Ruhlin And Roe. Korea Inv Corporation reported 1.01% stake. Van Hulzen Asset Ltd Liability Com, California-based fund reported 1,089 shares. Fuller & Thaler Asset Mngmt owns 5,700 shares. Aperio Group Inc Ltd Llc reported 858,355 shares. Uss Invest Mngmt Limited holds 3.72% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH) for 1.39 million shares. Clifford Swan Investment Counsel Ltd, a California-based fund reported 8,438 shares. Picton Mahoney Asset reported 2% stake. Wells Fargo And Mn holds 0.56% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH) for 7.69M shares. Connor Clark And Lunn Investment Management Ltd owns 194,885 shares or 0.27% of their US portfolio.

UnitedHealth Group Incorporated operates as a diversified health and well-being firm in the United States. The company has market cap of $256.02 billion. The companyÂ’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services. It has a 22.14 P/E ratio. It also provides services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, ChildrenÂ’s Health Insurance Program, and health care programs; and health services, including commercial health and dental benefits.

UnitedHealth Group Incorporated (NYSE:UNH) Institutional Positions Chart

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