Beck Capital Management adds Targa Resources Corp (TRGP) to its portfolio

Targa Resources Corp (TRGP) : Beck Capital Management added new position in Targa Resources Corp during the most recent quarter end. The investment management firm now holds 83,310 shares of Targa Resources Corp which is valued at $3.4 Million , the company said in a statement filed on May 13, 2016 with the SEC.Targa Resources Corp makes up approximately 2.45% of Beck Capital Management’s portfolio.

Other Hedge Funds, Including , Kingfisher Capital sold out all of its stake in TRGP during the most recent quarter. The investment firm sold 119 shares of TRGP which is valued $4,877. Denver Investment Advisors added TRGP to its portfolio by purchasing 21,406 company shares during the most recent quarter which is valued at $877,218. Targa Resources Corp makes up approx 0.04% of Denver Investment Advisors’s portfolio. Victory Capital Management Inc added TRGP to its portfolio by purchasing 35,436 company shares during the most recent quarter which is valued at $1.5 Million. Targa Resources Corp makes up approx 0.01% of Victory Capital Management Inc’s portfolio.Spot Trading L.l.c reduced its stake in TRGP by selling 9,278 shares or 23.68% in the most recent quarter. The Hedge Fund company now holds 29,907 shares of TRGP which is valued at $1.2 Million. Targa Resources Corp makes up approx 0.16% of Spot Trading L.l.c’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.

Targa Resources Corp opened for trading at $42.67 and hit $44.26 on the upside on Wednesday, eventually ending the session at $43.94, with a gain of 4.12% or 1.74 points. The heightened volatility saw the trading volume jump to 24,50,439 shares. Company has a market cap of $7,057 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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