Public Employees Retirement Association of Colorado boosted its position in Targa Resources Corp (NYSE:TRGP) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,535 shares of the company’s stock after buying an additional 20 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Targa Resources Corp were worth $1,696,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TRGP. Tocqueville Asset Management L.P. raised its stake 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 valued at $10,634,000 after buying an additional 4,165 shares during the period. 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. Williams Jones & Associates LLC increased its position in shares of Targa Resources Corp by 78.1% in the second quarter. Williams Jones & Associates LLC now owns 20,696 shares of the company’s stock worth $872,000 after buying an additional 9,076 shares in the last quarter. 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. Finally, Nordea Investment Management AB increased its position in shares of Targa Resources Corp by 117.6% in the second quarter. Nordea Investment Management AB now owns 15,348 shares of the company’s stock worth $647,000 after buying an additional 8,296 shares in the last quarter.

Institutional Ownership by Quarter for Targa Resources Corp (NYSE:TRGP)

Shares of Targa Resources Corp (NYSE:TRGP) traded down 4.56% on Monday, hitting $49.57. 1,894,412 shares of the stock traded hands. Targa Resources Corp has a one year low of $14.55 and a one year high of $53.34. The company’s market cap is $8.96 billion. The stock has a 50 day moving average of $48.08 and a 200 day moving average of $44.52.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Wednesday, November 2nd were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, October 31st. This represents a $3.64 dividend on an annualized basis and a yield of 7.01%.

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A number of equities analysts have weighed in on the stock. Stifel Nicolaus downgraded shares of Targa Resources Corp from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note 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 target price for the company in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. raised shares of Targa Resources Corp from a “neutral” rating to a “buy” rating and raised their target price for the company from $41.00 to $52.00 in a research note on Monday, September 19th. Barclays PLC raised shares of Targa Resources Corp from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $47.00 to $55.00 in a research note on Tuesday, September 27th. Finally, Evercore ISI assumed coverage on shares of Targa Resources Corp in a research note on Thursday, September 15th. They set a “hold” rating and a $45.00 target price for the company. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Targa Resources Corp has a consensus rating of “Hold” and a consensus price target of $44.77.

In other Targa Resources Corp news, CEO Joe Bob Perkins sold 7,843 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $50.45, for a total transaction of $395,679.35. Following the transaction, the chief executive officer now owns 435,042 shares in the company, valued at approximately $21,947,868.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey J. Mcparland sold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $50.12, for a total transaction of $190,456.00. Following the transaction, the insider now owns 145,983 shares in the company, valued at approximately $7,316,667.96. The disclosure for this sale can be found here.

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

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