Targa Resources Corp (NYSE:TRGP) insider Jeffrey J. Mcparland sold 3,800 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $50.12, for a total transaction of $190,456.00. Following the completion of the sale, the insider now owns 145,983 shares in the company, valued at $7,316,667.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Targa Resources Corp (NYSE:TRGP) opened at 49.97 on Friday. The stock’s market capitalization is $9.04 billion. Targa Resources Corp has a 12-month low of $14.55 and a 12-month high of $51.00. The stock’s 50 day moving average is $47.69 and its 200 day moving average is $43.93.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Wednesday, November 2nd were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date was Monday, October 31st.

Several institutional investors have recently made changes to their positions in TRGP. State Street Corp increased its position in shares of Targa Resources Corp by 188.9% in the first quarter. State Street Corp now owns 2,168,638 shares of the company’s stock worth $64,753,000 after buying an additional 1,417,974 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in shares of Targa Resources Corp by 1.7% in the second quarter. Tocqueville Asset Management L.P. now owns 252,360 shares of the company’s stock worth $10,634,000 after buying an additional 4,165 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Targa Resources Corp by 209.4% in the first quarter. Geode Capital Management LLC now owns 989,187 shares of the company’s stock worth $29,537,000 after buying an additional 669,492 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Targa Resources Corp by 40.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 223,365 shares of the company’s stock worth $9,412,000 after buying an additional 63,887 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. increased its position in shares of Targa Resources Corp by 9.4% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,033,233 shares of the company’s stock worth $43,540,000 after buying an additional 89,190 shares in the last quarter.

TRGP has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Targa Resources Corp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th. Stifel Nicolaus upgraded shares of Targa Resources Corp from a “hold” rating to a “buy” rating and raised their price target for the company from $38.51 to $43.00 in a report on Thursday, August 4th. They noted that the move was a valuation call. Wunderlich raised their price target on shares of Targa Resources Corp from $44.00 to $45.00 and gave the company a “hold” rating in a report on Wednesday, August 31st. Evercore ISI initiated coverage on shares of Targa Resources Corp in a report on Thursday, September 15th. They issued a “hold” rating and a $45.00 price target on the stock. Finally, Goldman Sachs Group Inc. upgraded shares of Targa Resources Corp from a “neutral” rating to a “buy” rating and raised their price target for the company from $41.00 to $52.00 in a report on Monday, September 19th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently 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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