Targa Resources Corp (NYSE:TRGP) EVP Paul W. Chung sold 3,100 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $47.17, for a total value of $146,227.00. Following the sale, the executive vice president now owns 130,314 shares in the company, valued at $6,146,911.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Targa Resources Corp (NYSE:TRGP) opened at 48.04 on Friday. The stock’s market cap is $8.00 billion. The firm has a 50-day moving average price of $47.49 and a 200 day moving average price of $43.56. Targa Resources Corp has a 12-month low of $14.55 and a 12-month high of $50.87.

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

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, October 31st. This represents a $3.64 annualized dividend and a dividend yield of 7.58%.

Several institutional investors have recently made changes to their positions in TRGP. KCG Holdings Inc. boosted its stake in shares of Targa Resources Corp by 41.9% in the third quarter. KCG Holdings Inc. now owns 25,352 shares of the company’s stock valued at $1,245,000 after buying an additional 7,485 shares during the period. Stephens Inc. AR boosted its stake in shares of Targa Resources Corp by 25.7% in the third quarter. Stephens Inc. AR now owns 12,021 shares of the company’s stock valued at $590,000 after buying an additional 2,458 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Targa Resources Corp by 7.7% in the third quarter. Pacer Advisors Inc. now owns 27,710 shares of the company’s stock valued at $1,361,000 after buying an additional 1,993 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Targa Resources Corp by 14.2% in the third quarter. Principal Financial Group Inc. now owns 572,095 shares of the company’s stock valued at $28,095,000 after buying an additional 70,960 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Targa Resources Corp by 8.9% in the third quarter. Northern Trust Corp now owns 770,569 shares of the company’s stock valued at $37,842,000 after buying an additional 63,076 shares during the period.

A number of analysts recently issued reports on TRGP shares. Wunderlich boosted their price objective on Targa Resources Corp from $44.00 to $45.00 and gave the company a “hold” rating in a research note on Wednesday, August 31st. Stifel Nicolaus upped their target price on Targa Resources Corp from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, August 22nd. Vetr upgraded Targa Resources Corp from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, September 27th. Barclays PLC upgraded Targa Resources Corp from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $47.00 to $55.00 in a research note on Tuesday, September 27th. Finally, Royal Bank Of Canada upped their target price on Targa Resources Corp from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.77.

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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