As Western Gas Equity Partners (WGP) Shares Declined, Tph Asset Management Cut Its Holding by $2.86 Million; Bailard Lowered Its Us Bancorp Del (USB) Position by $539,116 as Share Value Declined

February 15, 2018 - By Stephen Andrade

Tph Asset Management Llc decreased its stake in Western Gas Equity Partners (WGP) by 9.36% based on its latest 2017Q3 regulatory filing with the SEC. Tph Asset Management Llc sold 69,841 shares as the company’s stock declined 5.04% while stock markets rallied. The hedge fund held 676,627 shares of the public utilities company at the end of 2017Q3, valued at $27.86 million, down from 746,468 at the end of the previous reported quarter. Tph Asset Management Llc who had been investing in Western Gas Equity Partners for a number of months, seems to be less bullish one the $8.65B market cap company. The stock decreased 1.32% or $0.53 during the last trading session, reaching $39.5. About 69,054 shares traded. Western Gas Equity Partners, LP (NYSE:WGP) has risen 3.31% since February 15, 2017 and is uptrending. It has underperformed by 13.39% the S&P500.

Thomas Bailard decreased its stake in Us Bancorp Del (USB) by 7.51% based on its latest 2017Q3 regulatory filing with the SEC. Bailard Inc sold 10,172 shares as the company’s stock declined 6.89% while stock markets rallied. The hedge fund run by Thomas Bailard held 125,199 shares of the major banks company at the end of 2017Q3, valued at $6.71 million, down from 135,371 at the end of the previous reported quarter. Bailard Inc who had been investing in Us Bancorp Del for a number of months, seems to be less bullish one the $91.37B market cap company. The stock decreased 0.24% or $0.135 during the last trading session, reaching $55.175. About 2.86M shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since February 15, 2017 and is uptrending. It has outperformed by 6.37% the S&P500.

Among 32 analysts covering U.S. Bancorp (NYSE:USB), 9 have Buy rating, 4 Sell and 19 Hold. Therefore 28% are positive. U.S. Bancorp had 84 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, October 7 by RBC Capital Markets. Barclays Capital maintained U.S. Bancorp (NYSE:USB) on Tuesday, January 3 with “Overweight” rating. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Thursday, April 7 by JP Morgan. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, August 11. The firm has “Hold” rating given on Wednesday, October 18 by Piper Jaffray. The stock of U.S. Bancorp (NYSE:USB) has “Buy” rating given on Tuesday, September 8 by Deutsche Bank. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, June 22 report. Robert W. Baird maintained the stock with “Hold” rating in Friday, October 6 report. The firm has “Hold” rating given on Tuesday, December 12 by UBS. The rating was downgraded by J.P. Morgan on Wednesday, January 31 to “Sell”.

Bailard Inc, which manages about $2.27B and $1.31 billion US Long portfolio, upped its stake in Humana Inc (NYSE:HUM) by 8,676 shares to 14,970 shares, valued at $3.65M in 2017Q3, according to the filing. It also increased its holding in Colgate Palmolive Co (NYSE:CL) by 5,682 shares in the quarter, for a total of 74,873 shares, and has risen its stake in Fastenal Co (NASDAQ:FAST).

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.01, from 0.9 in 2017Q2. It is negative, as 61 investors sold USB shares while 441 reduced holdings. 81 funds opened positions while 368 raised stakes. 1.20 billion shares or 1.15% less from 1.21 billion shares in 2017Q2 were reported. Winfield Associate Inc has invested 0.01% in U.S. Bancorp (NYSE:USB). Belgium-based Kbc Grp Nv has invested 0.09% in U.S. Bancorp (NYSE:USB). Contravisory reported 430 shares. Deroy & Devereaux Private Invest Counsel accumulated 292,432 shares. Da Davidson holds 172,094 shares or 0.18% of its portfolio. Schwartz Inv Counsel holds 1.35% in U.S. Bancorp (NYSE:USB) or 404,100 shares. L & S Inc stated it has 17,302 shares or 0.16% of all its holdings. Oregon Pub Employees Retirement Fund reported 168,292 shares stake. 48,402 were accumulated by Delphi Mngmt Ma. Fdx Advisors accumulated 32,681 shares or 0.05% of the stock. Vision Capital Mgmt Inc reported 0.18% of its portfolio in U.S. Bancorp (NYSE:USB). Moreover, Riverhead Capital Llc has 0.09% invested in U.S. Bancorp (NYSE:USB). Horan Cap Mngmt, Maryland-based fund reported 198,995 shares. Savant Cap Limited Liability Company reported 0.14% in U.S. Bancorp (NYSE:USB). Tennessee-based Reliant Invest Ltd Liability Corporation has invested 3.17% in U.S. Bancorp (NYSE:USB).

Among 19 analysts covering Western Gas Equity Partners (NYSE:WGP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Western Gas Equity Partners had 34 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, October 11 with “Outperform”. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, January 15. The company was maintained on Sunday, August 20 by RBC Capital Markets. CapitalOne initiated Western Gas Equity Partners, LP (NYSE:WGP) on Thursday, January 14 with “Equalweight” rating. Wells Fargo downgraded the shares of WGP in report on Monday, January 18 to “Market Perform” rating. MUFG initiated it with “Neutral” rating and $45 target in Friday, June 17 report. The stock has “Equal-Weight” rating by Barclays Capital on Monday, November 2. Morgan Stanley initiated Western Gas Equity Partners, LP (NYSE:WGP) rating on Thursday, February 25. Morgan Stanley has “Equal-Weight” rating and $27 target. The company was upgraded on Tuesday, October 13 by Credit Suisse. Deutsche Bank maintained Western Gas Equity Partners, LP (NYSE:WGP) rating on Tuesday, October 20. Deutsche Bank has “Hold” rating and $49 target.

Analysts await Western Gas Equity Partners, LP (NYSE:WGP) to report earnings on February, 28. They expect $0.44 earnings per share, up 12.82% or $0.05 from last year’s $0.39 per share. WGP’s profit will be $96.33 million for 22.44 P/E if the $0.44 EPS becomes a reality. After $0.44 actual earnings per share reported by Western Gas Equity Partners, LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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