First Allied Advisory Services Inc. grew its holdings in shares of Targa Resources, Inc. (NYSE:TRGP) by 13.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,743 shares of the pipeline company’s stock after acquiring an additional 684 shares during the period. First Allied Advisory Services Inc.’s holdings in Targa Resources were worth $260,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in Targa Resources in the second quarter valued at $105,000. Bollard Group LLC increased its stake in Targa Resources by 1.1% in the second quarter. Bollard Group LLC now owns 2,526 shares of the pipeline company’s stock valued at $114,000 after purchasing an additional 27 shares in the last quarter. Ffcm LLC increased its stake in Targa Resources by 237.0% in the second quarter. Ffcm LLC now owns 2,716 shares of the pipeline company’s stock valued at $122,000 after purchasing an additional 1,910 shares in the last quarter. Van ECK Associates Corp increased its stake in Targa Resources by 24.0% in the second quarter. Van ECK Associates Corp now owns 2,705 shares of the pipeline company’s stock valued at $122,000 after purchasing an additional 524 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in Targa Resources by 20.6% in the second quarter. Penserra Capital Management LLC now owns 4,255 shares of the pipeline company’s stock valued at $192,000 after purchasing an additional 726 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/10/11/first-allied-advisory-services-inc-has-260000-stake-in-targa-resources-inc-trgp.html.
In other Targa Resources news, insider Dan C. Middlebrooks sold 2,100 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $44.70, for a total transaction of $93,870.00. Following the completion of the sale, the insider now directly owns 50,853 shares in the company, valued at approximately $2,273,129.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.93% of the stock is currently owned by company insiders.
Targa Resources, Inc. (NYSE:TRGP) opened at 47.66 on Wednesday. The company’s 50-day moving average is $46.30 and its 200 day moving average is $48.26. The stock’s market capitalization is $10.28 billion. Targa Resources, Inc. has a 12-month low of $40.25 and a 12-month high of $61.83.
Targa Resources Company Profile
Targa Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products.
What are top analysts saying about Targa Resources Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Targa Resources Inc. and related companies.