Targa Resources Corp (TRGP) : Cincinnati Insurance Co has sold out all of its stake in Targa Resources Corp during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 36,545 shares of Targa Resources Corp which is valued at $1,544,026.
Other Hedge Funds, Including , Systematic Financial Management Lp added TRGP to its portfolio by purchasing 1,813,138 company shares during the most recent quarter which is valued at $76,296,847. Targa Resources Corp makes up approx 0.99% of Systematic Financial Management Lp’s portfolio. Cadence Capital Management added TRGP to its portfolio by purchasing 22,454 company shares during the most recent quarter which is valued at $864,704. Targa Resources Corp makes up approx 0.06% of Cadence Capital Management’s portfolio.California State Teachers Retirement System reduced its stake in TRGP by selling 6,069 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 339,854 shares of TRGP which is valued at $13,087,778. Targa Resources Corp makes up approx 0.03% of California State Teachers Retirement System’s portfolio. Cornerstone Advisors added TRGP to its portfolio by purchasing 85 company shares during the most recent quarter which is valued at $3,158.
Targa Resources Corp opened for trading at $42.77 and hit $43.39 on the upside on Wednesday, eventually ending the session at $43.15, with a gain of 0.35% or 0.15 points. The heightened volatility saw the trading volume jump to 13,65,075 shares. Company has a market cap of $7,190 M.
Many Wall Street Analysts have commented on Targa Resources Corp. Stifel Upgraded Targa Resources Corp on Aug 4, 2016 to ” Buy”, Price Target of the shares are set at $43.Targa Resources Corp was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Targa Resources Corp was Initiated by Stifel to “Hold” on May 31, 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.