Center Coast Capital Advisors Lp Lowers stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Center Coast Capital Advisors Lp reduced its stake in Targa Resources Corp by 4.02% during the most recent quarter end. The investment management company now holds a total of 6,378,999 shares of Targa Resources Corp which is valued at $253,054,890 after selling 267,408 shares in Targa Resources Corp , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Targa Resources Corp makes up approximately 7.68% of Center Coast Capital Advisors Lp’s portfolio.

Targa Resources Corp opened for trading at $38.69 and hit $39.77 on the upside on Friday, eventually ending the session at $39.67, with a gain of 3.23% or 1.24 points. The heightened volatility saw the trading volume jump to 37,06,868 shares. Company has a market cap of $6,370 M.

Other Hedge Funds, Including , Advocacy Wealth Management Services boosted its stake in TRGP in the latest quarter, The investment management firm added 428 additional shares and now holds a total of 7,303 shares of Targa Resources Corp which is valued at $289,710. Targa Resources Corp makes up approx 0.15% of Advocacy Wealth Management Services’s portfolio.Fox Run Management L.l.c. reduced its stake in TRGP by selling 10,330 shares or 33.73% in the most recent quarter. The Hedge Fund company now holds 20,300 shares of TRGP which is valued at $805,301. Targa Resources Corp makes up approx 0.52% of Fox Run Management L.l.c.’s portfolio. E&g Advisors Lp sold out all of its stake in TRGP during the most recent quarter. The investment firm sold 9,216 shares of TRGP which is valued $299,889.Central Trust Co reduced its stake in TRGP by selling 171 shares or 18.1% in the most recent quarter. The Hedge Fund company now holds 774 shares of TRGP which is valued at $25,186.

Many Wall Street Analysts have commented on Targa Resources Corp. Barclays Resumed Targa Resources Corp on Mar 23, 2016 to “Equal Weight”, Price Target of the shares are set at $33.Citigroup Resumed Targa Resources Corp on Mar 15, 2016 to “Buy”, Price Target of the shares are set at $32.Targa Resources Corp was Upgraded by Credit Suisse to ” Neutral” on Feb 26, 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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