Spirit Of America Management Corpny buys $9,552,061 stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Spirit Of America Management Corpny scooped up 25,380 additional shares in Targa Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 198,505 shares of Targa Resources Corp which is valued at $9,552,061.Targa Resources Corp makes up approximately 1.26% of Spirit Of America Management Corpny’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware added TRGP to its portfolio by purchasing 5,195 company shares during the most recent quarter which is valued at $249,983. Targa Resources Corp makes up approx 0.02% of Reliance Trust Co Of Delaware’s portfolio.Private Trust Co Na boosted its stake in TRGP in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 7,342 shares of Targa Resources Corp which is valued at $352,563. Targa Resources Corp makes up approx 0.09% of Private Trust Co Na’s portfolio. Fox Run Management L.l.c. added TRGP to its portfolio by purchasing 9,800 company shares during the most recent quarter which is valued at $481,376. Targa Resources Corp makes up approx 0.29% of Fox Run Management L.l.c.’s portfolio.

Targa Resources Corp opened for trading at $48.2 and hit $48.86 on the upside on Friday, eventually ending the session at $48.12, with a gain of 0.21% or 0.1 points. The heightened volatility saw the trading volume jump to 15,00,450 shares. Company has a market cap of $8,018 M.

Many Wall Street Analysts have commented on Targa Resources Corp. Targa Resources Corp was Downgraded by Stifel to ” Hold” on Sep 29, 2016. Company shares were Upgraded by Barclays on Sep 27, 2016 to ” Overweight”, Firm has raised the Price Target to $ 55 from a previous price target of $47 .Targa Resources Corp was Upgraded by Goldman to ” Buy” on Sep 19, 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.

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