Targa Resources Corp (NYSE:TRGP) insider Dan C. Middlebrooks sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $47.92, for a total transaction of $95,840.00. Following the transaction, the insider now owns 46,889 shares in the company, valued at $2,246,920.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Targa Resources Corp (NYSE:TRGP) opened at 48.66 on Tuesday. The stock’s market cap is $8.11 billion. The stock has a 50 day moving average price of $47.46 and a 200-day moving average price of $43.64. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors 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 dividend on an annualized basis and a yield of 7.48%.

A number of equities analysts have recently issued reports on TRGP shares. Zacks Investment Research lowered shares of Targa Resources Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. upgraded shares of Targa Resources Corp from a “neutral” rating to a “buy” rating and raised their target price for the stock from $41.00 to $52.00 in a research report on Monday, September 19th. Stifel Nicolaus raised their target price on shares of Targa Resources Corp from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, August 22nd. Wunderlich raised 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. Finally, Evercore ISI started coverage on shares of Targa Resources Corp in a research report on Thursday, September 15th. They set a “hold” rating and a $45.00 target price on the stock. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Targa Resources Corp has an average rating of “Hold” and an average target price of $44.77.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bollard Group LLC increased its position 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 last quarter. BNP Paribas Arbitrage SA increased its position 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 last quarter. SG Americas Securities LLC bought a new position in shares of Targa Resources Corp during the third quarter worth approximately $143,000. Glenmede Trust Co. NA increased its position 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 last quarter. Finally, Johnston Asset Management LLC bought a new position in shares of Targa Resources Corp during the third quarter worth approximately $222,000.

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.