Mcqueen Ball Associates adds Targa Resources Corp (TRGP) to its portfolio

Targa Resources Corp (TRGP) : Mcqueen Ball Associates added new position in Targa Resources Corp during the most recent quarter end. The investment management firm now holds 269,515 shares of Targa Resources Corp which is valued at $10,691,660 , the company said in a statement filed on Apr 18, 2016 with the SEC.Targa Resources Corp makes up approximately 7.59% of Mcqueen Ball Associates’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 , Sigma Planning Corp boosted its stake in TRGP in the latest quarter, The investment management firm added 16,410 additional shares and now holds a total of 39,251 shares of Targa Resources Corp which is valued at $1,557,087. Targa Resources Corp makes up approx 0.21% of Sigma Planning Corp’s portfolio. Quotient Investors sold out all of its stake in TRGP during the most recent quarter. The investment firm sold 21,994 shares of TRGP which is valued $715,685.Kanaly Trust Co reduced its stake in TRGP by selling 1 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 1,176 shares of TRGP which is valued at $38,267. Targa Resources Corp makes up approx 0.01% of Kanaly Trust Co’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.Mai Capital Management reduced its stake in TRGP by selling 1,907 shares or 5.8% in the most recent quarter. The Hedge Fund company now holds 30,980 shares of TRGP which is valued at $929,400. Targa Resources Corp makes up approx 0.08% of Mai Capital Management’s portfolio.

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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