Targa Resources Corp (NYSE:TRGP) Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in shares of Targa Resources Corp (NYSE:TRGP) by 195.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,884 shares of the pipeline company’s stock after buying an additional 21,758 shares during the period. Chicago Partners Investment Group LLC’s holdings in Targa Resources were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Targa Resources by 17.7% during the second quarter. Vanguard Group Inc. now owns 18,768,732 shares of the pipeline company’s stock valued at $848,347,000 after buying an additional 2,823,104 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Targa Resources by 13.3% during the second quarter. BlackRock Inc. now owns 11,428,578 shares of the pipeline company’s stock valued at $516,575,000 after buying an additional 1,338,025 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Targa Resources by 3.5% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 6,958,912 shares of the pipeline company’s stock valued at $329,157,000 after buying an additional 237,777 shares during the last quarter. Harvest Fund Advisors LLC raised its holdings in shares of Targa Resources by 40.8% during the third quarter. Harvest Fund Advisors LLC now owns 4,990,690 shares of the pipeline company’s stock valued at $236,060,000 after buying an additional 1,446,438 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Targa Resources by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 4,337,732 shares of the pipeline company’s stock valued at $196,065,000 after buying an additional 155,488 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

In other Targa Resources news, VP John Richard Klein sold 2,292 shares of Targa Resources stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $41.85, for a total value of $95,920.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.93% of the company’s stock.

Targa Resources Corp (NYSE TRGP) traded up $0.23 during trading on Friday, reaching $48.42. 1,231,692 shares of the company’s stock traded hands, compared to its average volume of 1,806,296. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.74. The firm has a market capitalization of $10,391.35, a price-to-earnings ratio of -18.20 and a beta of 2.22. Targa Resources Corp has a 12-month low of $39.59 and a 12-month high of $61.83.

A number of equities research analysts have recently weighed in on the company. BidaskClub raised Targa Resources from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Wells Fargo & Co cut Targa Resources from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a report on Tuesday, November 7th. Jefferies Group reissued 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. Barclays reissued a “hold” rating and set a $50.00 target price on shares of Targa Resources in a report on Thursday, October 19th. Finally, Robert W. Baird reissued a “buy” rating and set a $53.00 target price on shares of Targa Resources in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $54.33.

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About Targa Resources

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.

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

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