Tallgrass Energy GP, LP (TEGP) Reaches $25.65 After 8.00% Up Move; Epoch Investment Partners Has Lowered By $5.87 Million Its Time Warner (TWX) Holding

February 8, 2018 - By Dolores Ford

The stock of Tallgrass Energy GP, LP (NYSE:TEGP) is a huge mover today! The stock increased 7.86% or $1.87 during the last trading session, reaching $25.65. About 1.23M shares traded or 317.60% up from the average. Tallgrass Energy GP, LP (NYSE:TEGP) has risen 5.26% since February 8, 2017 and is uptrending. It has underperformed by 11.44% the S&P500.The move comes after 6 months positive chart setup for the $4.03B company. It was reported on Feb, 8 by Barchart.com. We have $27.70 PT which if reached, will make NYSE:TEGP worth $322.64 million more.

Epoch Investment Partners Inc decreased Time Warner Inc (TWX) stake by 3.5% reported in 2017Q3 SEC filing. Epoch Investment Partners Inc sold 57,593 shares as Time Warner Inc (TWX)’s stock rose 1.19%. The Epoch Investment Partners Inc holds 1.59 million shares with $162.72M value, down from 1.65 million last quarter. Time Warner Inc now has $73.61B valuation. The stock decreased 0.78% or $0.74 during the last trading session, reaching $94.37. About 505,421 shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since February 8, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Since December 14, 2017, it had 0 insider buys, and 1 insider sale for $2.11 million activity. $2.11 million worth of Time Warner Inc. (NYSE:TWX) was sold by OLAFSSON OLAF on Thursday, December 14.

Epoch Investment Partners Inc increased Danaher Corp Del (NYSE:DHR) stake by 5,046 shares to 3.95M valued at $338.66 million in 2017Q3. It also upped Apple Inc (NASDAQ:AAPL) stake by 12,129 shares and now owns 5.84M shares. Physicians Rlty Tr (NYSE:DOC) was raised too.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.09, from 0.85 in 2017Q2. It turned negative, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Walleye Trading Ltd Company holds 729,571 shares. Clearbridge Limited Liability Co reported 5.87 million shares stake. Edge Wealth Ltd Com owns 100 shares for 0% of their portfolio. Washington National Bank & Trust reported 2,135 shares stake. New Jersey-based Murphy Cap Management has invested 0.04% in Time Warner Inc. (NYSE:TWX). World Asset Mgmt Inc accumulated 71,842 shares. Boston Private Wealth Ltd Liability holds 45,530 shares or 0.18% of its portfolio. Winslow Evans & Crocker accumulated 634 shares or 0.02% of the stock. Tig Lc has 15.04% invested in Time Warner Inc. (NYSE:TWX). Moreover, Nomura Asset Mgmt Company has 0.14% invested in Time Warner Inc. (NYSE:TWX). 26,069 are owned by Bahl Gaynor Inc. Voya Mgmt Limited Com owns 385,630 shares. Bankshares Of Mellon Corp invested in 0.22% or 7.89 million shares. Price Michael F has invested 0.71% of its portfolio in Time Warner Inc. (NYSE:TWX). Quantitative Systematic Strategies Ltd Liability holds 4,645 shares.

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 17 have Buy rating, 0 Sell and 23 Hold. Therefore 43% are positive. Time Warner Inc. had 121 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Monday, October 16 with “Hold”. The firm earned “Neutral” rating on Thursday, November 5 by Bank of America. Barclays Capital downgraded Time Warner Inc. (NYSE:TWX) on Friday, August 4 to “Hold” rating. The stock of Time Warner Inc. (NYSE:TWX) earned “Hold” rating by Wells Fargo on Thursday, January 4. The stock of Time Warner Inc. (NYSE:TWX) earned “Hold” rating by RBC Capital Markets on Monday, August 14. The rating was upgraded by Moffett Nathanson to “” on Friday, August 7. The firm has “Hold” rating given on Friday, August 25 by KeyBanc Capital Markets. On Monday, November 20 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm has “Market Perform” rating by Bernstein given on Thursday, August 20. Needham maintained Time Warner Inc. (NYSE:TWX) on Monday, September 25 with “Hold” rating.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on February, 14. They expect $1.46 EPS, up 16.80% or $0.21 from last year’s $1.25 per share. TWX’s profit will be $1.14 billion for 16.16 P/E if the $1.46 EPS becomes a reality. After $1.82 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Tallgrass Energy GP, LP, through its interests in Tallgrass Equity, LLC, provides crude oil transportation services to clients in Wyoming, Colorado, and the surrounding regions of the United States. The company has market cap of $4.03 billion. It operates through three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics, and Processing & Logistics. It has a 31.45 P/E ratio. The firm also provides natural gas transportation and storage services for clients in the Rocky Mountain, Midwest, and Appalachian regions.

Among 10 analysts covering Tallgrass Energy GP (NYSE:TEGP), 5 have Buy rating, 2 Sell and 3 Hold. Therefore 50% are positive. Tallgrass Energy GP had 37 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley maintained Tallgrass Energy GP, LP (NYSE:TEGP) rating on Friday, July 14. Morgan Stanley has “Equal-Weight” rating and $29 target. Stifel Nicolaus maintained Tallgrass Energy GP, LP (NYSE:TEGP) rating on Thursday, August 17. Stifel Nicolaus has “Buy” rating and $31.0 target. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, November 3. The rating was maintained by Robert W. Baird on Tuesday, August 22 with “Buy”. The stock of Tallgrass Energy GP, LP (NYSE:TEGP) has “Buy” rating given on Monday, May 2 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, July 30. Credit Suisse maintained Tallgrass Energy GP, LP (NYSE:TEGP) rating on Thursday, May 19. Credit Suisse has “Outperform” rating and $28 target. As per Thursday, February 18, the company rating was maintained by RBC Capital Markets. The stock of Tallgrass Energy GP, LP (NYSE:TEGP) earned “Neutral” rating by Robert W. Baird on Monday, February 8. The stock of Tallgrass Energy GP, LP (NYSE:TEGP) earned “Outperform” rating by Robert W. Baird on Friday, May 6.

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By1 Dolores Ford

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