Chickasaw Capital Management buys $302,949,158 stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Chickasaw Capital Management scooped up 2,614,310 additional shares in Targa Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 7,392,610 shares of Targa Resources Corp which is valued at $302,949,158.Targa Resources Corp makes up approximately 9.03% of Chickasaw Capital Management’s portfolio.

Other Hedge Funds, Including , Norges Bank boosted its stake in TRGP in the latest quarter, The investment management firm added 230,782 additional shares and now holds a total of 597,346 shares of Targa Resources Corp which is valued at $24,479,239. Targa Resources Corp makes up approx 0.01% of Norges Bank’s portfolio. Allegis Investment Advisors sold out all of its stake in TRGP during the most recent quarter. The investment firm sold 414 shares of TRGP which is valued $16,966.Neuberger Berman Group boosted its stake in TRGP in the latest quarter, The investment management firm added 68,927 additional shares and now holds a total of 136,773 shares of Targa Resources Corp which is valued at $5,470,920. Targa Resources Corp makes up approx 0.01% of Neuberger Berman Group’s portfolio. Cibc World Markets added TRGP to its portfolio by purchasing 14,556 company shares during the most recent quarter which is valued at $582,240.

Targa Resources Corp opened for trading at $41.91 and hit $43.84 on the upside on Monday, eventually ending the session at $43.31, with a gain of 5.69% or 2.33 points. The heightened volatility saw the trading volume jump to 28,37,838 shares. Company has a market cap of $6,955 M.

Many Wall Street Analysts have commented on Targa Resources Corp. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 43 from a previous price target of $33 .Targa Resources Corp was Upgraded by CapitalOne to ” Overweight” on May 2, 2016. Barclays Resumed Targa Resources Corp on Mar 23, 2016 to “Equal Weight”, Price Target of the shares are set at $33.

Targa Resources Corp. (Traga) 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. The Company operates in two divisions Gathering and Processing and Logistics and Marketing. Gathering and Processing includes Field Gathering and Processing and Coastal Gathering and Processing. Logistics and Marketing includes Logistics Assets and Marketing and Distribution.

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