Targa Resources Corp (TRGP) : Tide Point Capital Management Lp scooped up 671,986 additional shares in Targa Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,371,986 shares of Targa Resources Corp which is valued at $58,227,086.Targa Resources Corp makes up approximately 8.45% of Tide Point Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Ivory Investment Management added TRGP to its portfolio by purchasing 113,479 company shares during the most recent quarter which is valued at $4,816,049. Targa Resources Corp makes up approx 0.16% of Ivory Investment Management’s portfolio.Tortoise Capital Advisors L.l.c. reduced its stake in TRGP by selling 2,617,678 shares or 54.06% in the most recent quarter. The Hedge Fund company now holds 2,224,289 shares of TRGP which is valued at $94,398,825. Targa Resources Corp makes up approx 0.66% of Tortoise Capital Advisors L.l.c.’s portfolio.Bluemountain Capital Management reduced its stake in TRGP by selling 798 shares or 4.85% in the most recent quarter. The Hedge Fund company now holds 15,643 shares of TRGP which is valued at $663,889. Targa Resources Corp makes up approx 0.02% of Bluemountain Capital Management’s portfolio.Blackrock Advisors boosted its stake in TRGP in the latest quarter, The investment management firm added 22,350 additional shares and now holds a total of 197,484 shares of Targa Resources Corp which is valued at $8,381,221. Targa Resources Corp makes up approx 0.01% of Blackrock Advisors’s portfolio.Blackrock Investment Management boosted its stake in TRGP in the latest quarter, The investment management firm added 12,047 additional shares and now holds a total of 80,111 shares of Targa Resources Corp which is valued at $3,399,911.
Targa Resources Corp closed down -0.25 points or -0.57% at $43.33 with 15,64,996 shares getting traded on Thursday. Post opening the session at $43.32, the shares hit an intraday low of $42.77 and an intraday high of $43.63 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Many Wall Street Analysts have commented on Targa Resources Corp. Company shares were Reiterated by Wunderlich on Aug 31, 2016 to “Hold”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .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. (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.