Salient Capital Advisors Lowers stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Salient Capital Advisors reduced its stake in Targa Resources Corp by 13.71% during the most recent quarter end. The investment management company now holds a total of 3,706,086 shares of Targa Resources Corp which is valued at $151.9 Million after selling 588,917 shares in Targa Resources Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Targa Resources Corp makes up approximately 3.80% of Salient Capital Advisors’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A sold out all of its stake in TRGP during the most recent quarter. The investment firm sold 17,403 shares of TRGP which is valued $713,175.Balentine reduced its stake in TRGP by selling 172 shares or 10.79% in the most recent quarter. The Hedge Fund company now holds 1,422 shares of TRGP which is valued at $58,274. Targa Resources Corp makes up approx 0.01% of Balentine’s portfolio.Cipher Capital Lp boosted its stake in TRGP in the latest quarter, The investment management firm added 24,639 additional shares and now holds a total of 34,602 shares of Targa Resources Corp which is valued at $1.4 Million. Targa Resources Corp makes up approx 0.13% of Cipher Capital Lp’s portfolio.Bollard Group boosted its stake in TRGP in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 2,387 shares of Targa Resources Corp which is valued at $97,819. Targa Resources Corp makes up approx 0.01% of Bollard Group’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in TRGP in the latest quarter, The investment management firm added 23,350 additional shares and now holds a total of 34,655 shares of Targa Resources Corp which is valued at $1.4 Million. Targa Resources Corp makes up approx 0.01% of Public Employees Retirement Association Of Colorado’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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