Signaturefd buys $993,396 stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Signaturefd scooped up 24,228 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 24,241 shares of Targa Resources Corp which is valued at $993,396.Targa Resources Corp makes up approximately 0.17% of Signaturefd’s portfolio.

Other Hedge Funds, Including , Salient Capital Advisors reduced its stake in TRGP by selling 588,917 shares or 13.71% in the most recent quarter. The Hedge Fund company now holds 3,706,086 shares of TRGP which is valued at $151.9 Million. Targa Resources Corp makes up approx 3.80% of Salient Capital Advisors’s portfolio.Norges Bank boosted its stake in TRGP in the latest quarter, The investment management firm added 230,782 additional shares and now holds a total of 597,346 shares of Targa Resources Corp which is valued at $24.5 Million. Targa Resources Corp makes up approx 0.01% of Norges Bank’s portfolio.Penserra Capital Management reduced its stake in TRGP by selling 29,436 shares or 97.34% in the most recent quarter. The Hedge Fund company now holds 804 shares of TRGP which is valued at $32,948.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.

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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