Homrich Berg buys $1.4 Million stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Homrich Berg scooped up 1,435 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 12, 2016. The investment management firm now holds a total of 35,090 shares of Targa Resources Corp which is valued at $1.4 Million.Targa Resources Corp makes up approximately 0.14% of Homrich Berg’s portfolio.

Other Hedge Funds, Including , Freestone Capital Holdings boosted its stake in TRGP in the latest quarter, The investment management firm added 109,292 additional shares and now holds a total of 127,300 shares of Targa Resources Corp which is valued at $5.2 Million. Targa Resources Corp makes up approx 0.56% of Freestone Capital Holdings’s portfolio. Essex Investment Management Co added TRGP to its portfolio by purchasing 6,872 company shares during the most recent quarter which is valued at $281,615. Targa Resources Corp makes up approx 0.05% of Essex Investment Management Co’s portfolio.Teachers Advisors Inc boosted its stake in TRGP in the latest quarter, The investment management firm added 366,084 additional shares and now holds a total of 410,858 shares of Targa Resources Corp which is valued at $16.4 Million. Targa Resources Corp makes up approx 0.03% of Teachers Advisors Inc’s portfolio.

Targa Resources Corp opened for trading at $43 and hit $44.2 on the upside on Friday, eventually ending the session at $44.1, with a gain of 2.56% or 1.1 points. The heightened volatility saw the trading volume jump to 18,19,189 shares. Company has a market cap of $7,082 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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