Targa Resources Corp (NYSE:TRGP) EVP Paul W. Chung sold 9,300 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $47.15, for a total transaction of $438,495.00. Following the completion of the transaction, the executive vice president now owns 130,314 shares of the company’s stock, valued at $6,144,305.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Targa Resources Corp (NYSE:TRGP) opened at 48.04 on Friday. The stock has a 50 day moving average of $47.49 and a 200 day moving average of $43.56. The firm’s market cap is $8.00 billion. Targa Resources Corp has a 52 week low of $14.55 and a 52 week high of $50.87.

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

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

Institutional investors have recently added to or reduced their stakes in the company. Bollard Group LLC increased its position in 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 in the last quarter. SG Americas Securities LLC bought a new stake in shares of Targa Resources Corp during the third quarter worth about $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 in the last quarter. Finally, Johnston Asset Management LLC bought a new stake in shares of Targa Resources Corp during the third quarter worth about $222,000.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lowered shares of Targa Resources Corp from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research report 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 price target for the company in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. raised shares of Targa Resources Corp from a “neutral” rating to a “buy” rating and increased their price target for the stock from $41.00 to $52.00 in a research report on Monday, September 19th. Barclays PLC raised shares of Targa Resources Corp from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $47.00 to $55.00 in a research report on Tuesday, September 27th. Finally, Evercore ISI assumed coverage on shares of Targa Resources Corp in a research report on Thursday, September 15th. They issued a “hold” rating and a $45.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average 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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