Stock On the Run: Targa Resources Corp. (TRGP)

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03 June, 2017

Targa Resources Corp. (TRGP) has a market capitalization of 9.1 Billion which suggests the company is a huge company further suggesting that the shares of Targa Resources Corp. Stonepeak GP Investors Manager LLC bought a new stake in Targa Resources Corp during the fourth quarter valued at $428,014,000. Geosphere Capital Management acquired 7,250 shares as Targa Res Corp (TRGP)'s stock declined 13.24%. Barclays Capital upgraded Targa Resources Corp (NYSE:TRGP) on Tuesday, September 27 to "Overweight" rating.

Since January 17, 2017, it had 0 insider purchases, and 15 selling transactions for $177.77 million activity. The insider now directly owns 403,136 shares worth $18,512,005. Edge Asset Management Inc. owned about 0.44% of Targa Resources Corp worth $50,857,000 at the end of the most recent reporting period.

The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction.

The target price for Targa Resources Corp. On Wednesday, January 18 WHALEN JAMES W sold $1.50 million worth of Targa Resources Corp (NYSE:TRGP) or 25,000 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management Corporation reported 0.01% of its portfolio in Targa Resources Corp (NYSE:TRGP). Goldman Sachs stated it has 13.25 million shares or 0.21% of all its holdings. On Deck Capital had 46 analyst reports since July 31, 2015 according to SRatingsIntel.

According to Zacks, analysts expect that Targa Resources Corp will report full year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.91) to $1.05. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. About 6.84 million shares traded. Finally, Royal Bank of Canada reiterated a "buy" rating and set a $67.00 target price on shares of Targa Resources Corp in a research report on Monday, May 8th.

In related news, insider Jeffrey J. Mcparland sold 9,600 shares of the company's stock in a transaction dated Wednesday, March 1st. The stock of Targa Resources Corp (NYSE:TRGP) has "Mkt Perform" rating given on Monday, January 4 by Raymond James. The firm has "Hold" rating by Jefferies given on Wednesday, April 5. Shares for $574,706 were sold by MELOY MATTHEW J. Finally, Deutsche Bank AG restated a "buy" rating and set a $69.00 price objective on shares of Targa Resources Corp in a research report on Wednesday, March 29th. As per Tuesday, May 31, the company rating was initiated by Stifel Nicolaus. On Tuesday, April 4 Murphy Timothy H sold $2.71M worth of Mastercard Inc (NYSE:MA) or 24,128 shares. As per Wednesday, August 5, the company rating was maintained by RBC Capital Markets. They now have a United States dollars 45 price target on the stock. McParland Jeffrey J also sold $552,538 worth of Targa Resources Corp (NYSE:TRGP) on Tuesday, January 3. Therefore 60% are positive. Blair William And Il owns 0% invested in Targa Resources Corp (NYSE:TRGP) for 6,522 shares. Williams Jones And Assoc Ltd Liability Company holds 22,191 shares or 0.04% of its portfolio.

Hsbc Public Limited Com accumulated 18,110 shares. Novare Cap Mngmt Ltd Liability Company, a North Carolina-based fund reported 58,672 shares. $1.24M worth of Comcast Corporation (NASDAQ:CMCSA) shares were sold by Smit Neil. RBC Capital Markets maintained the stock with "Outperform" rating in Thursday, November 3 report. The firm has "Hold" rating by Credit Suisse given on Thursday, May 25. The company was maintained on Thursday, September 15 by CLSA. 1,729 are held by Parkside Bank & Trust And Tru.

Robecosam Ag holds 0.35% of its portfolio in Bioamber Inc for 800,000 shares.

Scharf Investments Llc decreased Comcast Corp New (CMCSA) stake by 3.66% reported in 2016Q4 SEC filing. The Massachusetts-based Essex Investment Management Co Llc has invested 0.09% in the stock. Polar Cap Llp invested in 102,409 shares or 0.17% of the stock. Barclays Capital maintained the stock with "Equal Weight" rating in Monday, May 2 report. The insider Middlebrooks Dan C sold $133,066. On Tuesday, July 28 the stock rating was maintained by Northland Capital with "Outperform". Town Country Fincl Bank Trust Dba First Bankers Trust holds 0.14% or 4,357 shares. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/05/31/analysts-expect-targa-resources-corp-trgp-will-announce-quarterly-sales-of-2-01-billion.html.

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