Economy

Targa Resources, Inc. (NYSE:TRGP) Traded 5.3% Above Its 50 Day Average

Targa Resources, Inc. (NYSE:TRGP) Traded 5.3% Above Its 50 Day Averageā€

In the latest earnings report the EPS was $-1.82 and is expected to be $-0.64 for the current year with 215,605,000 shares now outstanding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,130,802 shares of the pipeline company's stock worth $51,112,000 after acquiring an additional 255,300 shares during the last quarter. The stock's market capitalization is 10.18B, it has a 52-week low of 40.25 and a 52-week high of 61.83. Over the last ninety days, insiders sold 103,800 shares of company stock worth $6,186,318.

Company shares are trading at $47.23 marginally over $44.87, the 50 day moving average and which is just a bit below the 200 day moving average of $49.32. Radware Ltd. (NASDAQ:RDWR) has risen 64.61% since September 19, 2016 and is uptrending.

Blackstone Group Lp decreased its stake in Targa Res Corp (TRGP) by 55.48% based on its latest 2016Q4 regulatory filing with the SEC. Westpac Banking Corp now owns 13,042 shares of the pipeline company's stock valued at $589,000 after purchasing an additional 1,117 shares during the period.

BidaskClub upgraded shares of Targa Resources, Inc. Wells Fargo & Company raised Targa Resources from a market perform rating to an outperform rating in a research note on Monday, July 17th. Its up 0.73, from 1.04 in 2016Q3.

In related news, insider Dan C. Middlebrooks sold 2,100 shares of Targa Resources stock in a transaction that occurred on Thursday, August 10th. Targa Resources Corp (NYSE:TRGP) has risen 18.42% since September 18, 2016 and is uptrending. It has outperformed by 1.72% the S&P500. Jefferies downgraded the stock to "Hold" rating in Wednesday, June 8 report. The rating was maintained by Wunderlich on Wednesday, August 31 with "Hold". Credit Suisse maintained the shares of TRGP in report on Thursday, May 25 with "Hold" rating. The rating was downgraded by Credit Suisse on Friday, February 26 to "Neutral". On Tuesday, May 30 the stock rating was maintained by Jefferies with "Buy". Asset One reported 317,337 shares stake. Finally, Stifel Nicolaus reissued a buy rating and issued a $54.00 price objective (down from $63.00) on shares of Targa Resources in a research note on Monday, July 17th. Jefferies initiated it with "Buy" rating and $95 target in Wednesday, June 15 report. Nelson Van Denburg And Campbell Wealth Mngmt Ltd has invested 0.52% in Procter & Gamble Co (NYSE:PG). It also upped Summit Midstream Partners Lp (NYSE:SMLP) stake by 48,820 shares and now owns 2.44 million shares. Pointstate Lp holds 0.72% in Targa Resources Corp (NYSE:TRGP) or 898,128 shares. Fool.com's news article titled: "4 Reasons ONEOK, Inc". The ex-dividend date was set for Friday the 28th of July 2017. Therefore 74% are positive. Finally, Guggenheim upgraded Targa Resources from a "neutral" rating to a "buy" rating and set a $50.00 target price for the company in a report on Monday, August 14th.

COPYRIGHT VIOLATION WARNING: "Targa Resources, Inc". Jefferies has "Hold" rating and $5400 target. The rating was upgraded by Raymond James to "Strong Buy" on Friday, May 5. The stock has "Buy" rating by Stifel Nicolaus on Thursday, November 3. UBS maintained the shares of TRGP in report on Thursday, June 22 with "Buy" rating. Dougherty & Company has "Buy" rating and $17 target. The firm has "Outperform" rating given on Tuesday, March 7 by Evercore.

Since March 31, 2017, it had 0 insider purchases, and 3 sales for $719,772 activity. On Wednesday, May 10 MELOY MATTHEW J sold $574,706 worth of Targa Resources Corp (NYSE:TRGP) or 11,288 shares. Castleark Management LLC's holdings in Targa Resources Corp were worth $4,852,000 at the end of the most recent quarter. The dividend was $0.910 per share for the quarter which is $3.64 annualized. Oppenheimer Asset Management Inc. raised its position in shares of Targa Resources by 13.0% during the 2nd quarter.

Investors sentiment decreased to 1.56 in 2016 Q4. Its the same as in 2016Q3. Hedge funds and other institutional investors own 87.42% of the company's stock. 146.32 million shares or 1.69% more from 143.89 million shares in 2016Q3 were reported. International Gru Inc owns 4,873 shares or 0% of their United States portfolio. Bluefin Trading Ltd Llc accumulated 2,200 shares. The Company owns, operates and develops a portfolio of midstream energy assets. Moreover, Nordea Inv Management has 0% invested in Targa Resources Corp (NYSE:TRGP). 39,430 were accumulated by British Columbia Invest Management Corporation. (NYSE:PRO). Blackrock Fund Advsrs has 808,388 shares. Retail Bank Of America De owns 1.90M shares for 0.02% of their portfolio. Architects holds 0% or 155 shares. Tower Research Lc (Trc) invested in 0% or 130 shares. Janus Cap Mngmt Ltd Limited Liability Company invested in 0.01% or 815,970 shares. Blair William & Il reported 6,522 shares.



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