Eagle Global Advisors buys $69,817,068 stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Eagle Global Advisors scooped up 91,849 additional shares in Targa Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,645,077 shares of Targa Resources Corp which is valued at $69,817,068.Targa Resources Corp makes up approximately 2.03% of Eagle Global Advisors’s portfolio.

Other Hedge Funds, Including , Yorkville Capital Management boosted its stake in TRGP in the latest quarter, The investment management firm added 2,244 additional shares and now holds a total of 103,114 shares of Targa Resources Corp which is valued at $4,376,158. Targa Resources Corp makes up approx 4.68% of Yorkville Capital Management’s portfolio. Hsbc Holdings Plc sold out all of its stake in TRGP during the most recent quarter. The investment firm sold 12,632 shares of TRGP which is valued $536,102.New York State Common Retirement Fund boosted its stake in TRGP in the latest quarter, The investment management firm added 136,600 additional shares and now holds a total of 372,300 shares of Targa Resources Corp which is valued at $15,800,412. Targa Resources Corp makes up approx 0.02% of New York State Common Retirement Fund’s portfolio.Checchi Capital Advisers boosted its stake in TRGP in the latest quarter, The investment management firm added 404 additional shares and now holds a total of 1,418 shares of Targa Resources Corp which is valued at $57,188. Targa Resources Corp makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

Targa Resources Corp closed down -0.25 points or -0.57% at $43.33 with 15,64,996 shares getting traded on Thursday. Post opening the session at $43.32, the shares hit an intraday low of $42.77 and an intraday high of $43.63 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Many Wall Street Analysts have commented on Targa Resources Corp. Company shares were Reiterated by Wunderlich on Aug 31, 2016 to “Hold”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .Stifel Upgraded Targa Resources Corp on Aug 4, 2016 to ” Buy”, Price Target of the shares are set at $43.Targa Resources Corp was Downgraded by Jefferies to ” Hold” on Jun 8, 2016.

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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