IFP Advisors Inc Has $843,000 Position in Targa Resources, Inc. (TRGP)

IFP Advisors Inc increased its stake in shares of Targa Resources, Inc. (NYSE:TRGP) by 10.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,816 shares of the pipeline company’s stock after acquiring an additional 1,644 shares during the period. IFP Advisors Inc’s holdings in Targa Resources were worth $843,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRGP. Shine Investment Advisory Services Inc. bought a new stake in Targa Resources during the second quarter worth about $105,000. Bollard Group LLC raised its holdings in Targa Resources by 1.1% during the second quarter. Bollard Group LLC now owns 2,526 shares of the pipeline company’s stock worth $114,000 after acquiring an additional 27 shares in the last quarter. Ffcm LLC raised its holdings in Targa Resources by 237.0% during the second quarter. Ffcm LLC now owns 2,716 shares of the pipeline company’s stock worth $122,000 after acquiring an additional 1,910 shares in the last quarter. Van ECK Associates Corp raised its holdings in Targa Resources by 24.0% during the second quarter. Van ECK Associates Corp now owns 2,705 shares of the pipeline company’s stock worth $122,000 after acquiring an additional 524 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in Targa Resources by 20.6% during the second quarter. Penserra Capital Management LLC now owns 4,255 shares of the pipeline company’s stock worth $192,000 after acquiring an additional 726 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

TRADEMARK VIOLATION WARNING: “IFP Advisors Inc Has $843,000 Position in Targa Resources, Inc. (TRGP)” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/11/05/ifp-advisors-inc-has-843000-position-in-targa-resources-inc-trgp.html.

Several analysts recently issued reports on TRGP shares. Jefferies Group LLC reiterated a “buy” rating and set a $49.00 target price (down previously from $50.00) on shares of Targa Resources in a report on Friday, September 1st. Citigroup Inc. lowered Targa Resources from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $54.00 to $52.00 in a report on Tuesday, October 10th. Wells Fargo & Company upgraded Targa Resources from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Royal Bank Of Canada dropped their target price on Targa Resources from $67.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, July 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $54.00 target price (down previously from $63.00) on shares of Targa Resources in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $54.67.

In other news, insider Dan C. Middlebrooks sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $44.70, for a total value of $93,870.00. Following the transaction, the insider now owns 50,853 shares of the company’s stock, valued at $2,273,129.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.93% of the stock is currently owned by corporate insiders.

Targa Resources, Inc. (NYSE TRGP) opened at $43.89 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.66 and a debt-to-equity ratio of 0.57.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Tuesday, October 31st. Targa Resources’s payout ratio is -136.84%.

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.

Want to see what other hedge funds are holding TRGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Targa Resources, Inc. (NYSE:TRGP).

Institutional Ownership by Quarter for Targa Resources (NYSE:TRGP)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit