Targa Resources Corp (NYSE:TRGP) Director Charles R. Crisp sold 10,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $46.13, for a total transaction of $461,300.00. Following the sale, the director now owns 132,019 shares in the company, valued at $6,090,036.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Targa Resources Corp (NYSE:TRGP) opened at 48.04 on Friday. Targa Resources Corp has a one year low of $14.55 and a one year high of $50.87. The company’s market cap is $8.00 billion. The company’s 50-day moving average is $47.49 and its 200-day moving average is $43.56.

Insider Buying and Selling by Quarter for Targa Resources Corp (NYSE:TRGP)

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Wednesday, November 2nd will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date is Monday, October 31st.

Several equities analysts recently weighed in on TRGP shares. Stifel Nicolaus cut shares of Targa Resources Corp from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Wednesday, September 28th. They noted that the move was a valuation call. Vetr raised shares of Targa Resources Corp from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. raised shares of Targa Resources Corp from a “neutral” rating to a “buy” rating and raised their target price for the company from $41.00 to $52.00 in a research note on Monday, September 19th. Barclays PLC raised shares of Targa Resources Corp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $47.00 to $55.00 in a research note on Tuesday, September 27th. Finally, Evercore ISI began coverage on shares of Targa Resources Corp in a research note on Thursday, September 15th. They issued a “hold” rating and a $45.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Targa Resources Corp currently has a consensus rating of “Hold” and an average price target of $44.77.

Several large investors have recently modified their holdings of TRGP. Bollard Group LLC boosted its stake in shares of Targa Resources Corp by 1.3% in the second quarter. Bollard Group LLC now owns 2,418 shares of the company’s stock worth $102,000 after buying an additional 31 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Targa Resources Corp by 1,288.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,485 shares of the company’s stock worth $122,000 after buying an additional 2,306 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Targa Resources Corp during the third quarter worth approximately $143,000. Glenmede Trust Co. NA boosted its stake in shares of Targa Resources Corp by 73.4% in the second quarter. Glenmede Trust Co. NA now owns 4,217 shares of the company’s stock worth $176,000 after buying an additional 1,785 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in shares of Targa Resources Corp by 703.4% in the second quarter. Proficio Capital Partners LLC now owns 5,158 shares of the company’s stock worth $192,000 after buying an additional 4,516 shares during the period.

About Targa Resources Corp

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products.

5 Day Chart for NYSE:TRGP

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