Targa Resources Corp (NYSE:TRGP) EVP Paul W. Chung sold 3,100 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $46.22, for a total transaction of $143,282.00. Following the transaction, the executive vice president now directly owns 130,314 shares in the company, valued at $6,023,113.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Targa Resources Corp (NYSE:TRGP) opened at 48.13 on Monday. The firm’s 50-day moving average is $47.46 and its 200-day moving average is $43.64. The company’s market cap is $8.02 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 disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Wednesday, November 2nd will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, October 31st. This represents a $3.64 annualized dividend and a dividend yield of 7.56%.

TRGP has been the topic of several analyst reports. Vetr raised shares of Targa Resources Corp from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, September 27th. RBC Capital Markets reissued an “outperform” rating and set a $52.00 target price (up from $46.00) on shares of Targa Resources Corp in a research report on Thursday, November 3rd. Wunderlich increased their target price on shares of Targa Resources Corp from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Zacks Investment Research downgraded Targa Resources Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, Stifel Nicolaus downgraded Targa Resources Corp from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research report on Wednesday, September 28th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.77.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. raised its position in 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 in the last quarter. Stephens Inc. AR raised its position in 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 in the last quarter. Pacer Advisors Inc. raised its position in 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 in the last quarter. Principal Financial Group Inc. raised its position in 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 in the last quarter. Finally, Northern Trust Corp raised its position in 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 in the last quarter.

Targa Resources Corp Company Profile

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

Receive News & Stock Ratings for Targa Resources Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources Corp and related stocks with our FREE daily email newsletter.