Pacer Advisors Inc. lifted its stake in Targa Resources, Inc. (NYSE:TRGP) by 28.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,587 shares of the pipeline company’s stock after acquiring an additional 1,017 shares during the period. Pacer Advisors Inc.’s holdings in Targa Resources were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Targa Resources in the 2nd quarter worth approximately $105,000. Bollard Group LLC lifted its stake in shares of Targa Resources by 1.1% in the 2nd quarter. Bollard Group LLC now owns 2,526 shares of the pipeline company’s stock worth $114,000 after acquiring an additional 27 shares during the period. Van ECK Associates Corp lifted its stake in shares of Targa Resources by 29.1% in the 1st quarter. Van ECK Associates Corp now owns 2,181 shares of the pipeline company’s stock worth $131,000 after acquiring an additional 491 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Targa Resources by 20.6% in the 2nd quarter. Penserra Capital Management LLC now owns 4,255 shares of the pipeline company’s stock worth $192,000 after acquiring an additional 726 shares during the period. Finally, Fayez Sarofim & Co acquired a new stake in shares of Targa Resources in the 1st quarter worth approximately $204,000. 87.85% of the stock is owned by institutional investors.

Shares of Targa Resources, Inc. (NYSE TRGP) opened at 46.93 on Friday. The firm’s market cap is $10.12 billion. The stock’s 50 day moving average is $44.85 and its 200-day moving average is $49.50. Targa Resources, Inc. has a 12-month low of $40.25 and a 12-month high of $61.83.

A number of analysts have recently weighed in on TRGP shares. Barclays PLC lowered shares of Targa Resources from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $55.00 to $47.00 in a research note on Tuesday, July 18th. ValuEngine lowered shares of Targa Resources from a “hold” rating to a “sell” rating in a research note on Saturday, June 3rd. BMO Capital Markets set a $51.00 price target on shares of Targa Resources and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Wells Fargo & Company raised shares of Targa Resources from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Finally, Guggenheim raised shares of Targa Resources from a “neutral” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Targa Resources presently has a consensus rating of “Buy” and an average target price of $54.33.

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In related news, insider Dan C. Middlebrooks sold 2,100 shares of Targa Resources stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $44.70, for a total transaction of $93,870.00. Following the transaction, the insider now owns 50,853 shares of the company’s stock, valued at approximately $2,273,129.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.93% of the stock is owned by company insiders.

Targa Resources Company Profile

Targa Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products.

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

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