Economy

Targa Resources, Inc. (NYSE:TRGP) Broker Price Targets For The Coming Week

Massachusetts-based Boston Prns has invested 0.08% in Targa Resources Corp (NYSE:TRGP).

Several institutional investors have recently made changes to their positions in TRGP. First Republic Investment Management Inc. bought a new stake in shares of Targa Resources Corp during the first quarter worth approximately $1,104,000. Ameritas Investment Partners Inc who had been investing in Fortinet Inc for a number of months, seems to be bullish on the $7.07 billion market cap company.

The stock decreased 0.63% or $0.29 during the last trading session, reaching $45.38. About 634,481 shares traded. Targa Resources's dividend payout ratio is -183.84%. It has outperformed by 1.72% the S&P500. Its down 0.05, from 1.61 in 2017Q1. It dropped, as 58 investors sold TRGP shares while 78 reduced holdings. 742.03 million shares or 4.53% less from 777.22 million shares in 2017Q1 were reported. Center Coast Lp holds 5.51 million shares. This represents a $3.64 dividend on an annualized basis and a yield of 8.18%. ILG, Inc. has 124.1 million shares outstanding, and in the last trade has seen ATR around 0.57. Targa Resources Partners earned a media sentiment score of 0.02 on Accern's scale.

The stock increased 0.76% or GBX 2 on October 19, reaching GBX 265. 380,576 are held by Raymond James Associate. Barnett Communication reported 0.01% of its portfolio in Targa Resources Corp (NYSE:TRGP). Targa Resources has a 52-week low of $40.25 and a 52-week high of $61.83. Commonwealth Bankshares Of holds 0% of its portfolio in Targa Resources Corp (NYSE:TRGP) for 400 shares. 128,243 are owned by Aviva Public Limited. Hightower Advsr Ltd Co reported 0.02% stake.

Since May 10, 2017, it had 0 insider purchases, and 2 insider sales for $707,772 activity. Middlebrooks Dan C sold 2,597 shares worth $133,066.

On 3/1/2017 Jeffrey J Mcparland, Insider, sold 9,600 with an average share price of $57.43 per share and the total transaction amounting to $551,328.00. Therefore 58% are positive.

10/16/2017 - Targa Resources, Inc. had its "hold" rating reiterated by analysts at Jefferies. Targa Resources, Inc. also declared a dividend for shareholders which was paid on Tuesday the 15th of August 2017. The firm earned "Buy" rating on Thursday, February 9 by N+1 Singer.

On 1/14/2014 Targa Resources, Inc. announced a quarterly dividend of $0.61. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/19/targa-resources-inc-trgp-downgraded-by-jefferies-group-llc.html. Investec has "Hold" rating and GBX 350 target. The stock has "Outperform" rating by Oppenheimer on Wednesday, October 12. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, August 5. The stock now has an average rating of Hold and an average price target of $54.67.

On July 12 the company was rated "Buy" by Jefferies a boost from the previous "Hold" rating.

Zimmer Partners Lp, which manages about $1.50B and $4.21 billion US Long portfolio, decreased its stake in Dominion Energy Inc (NYSE:D) by 946,400 shares to 106,800 shares, valued at $8.18M in 2017Q2, according to the filing. It also reduced Occidental Pete Corp Del (NYSE:OXY) stake by 27,300 shares and now owns 351,500 shares. Mckesson Corp. (NYSE:MCK) was raised too. Therefore 80% are positive. As per Tuesday, September 19, the company rating was maintained by UBS. Finally, Guggenheim upgraded shares of Targa Resources from a neutral rating to a buy rating and set a $50.00 price objective for the company in a research note on Monday, August 14th. On October 10 the company was downgraded to "Neutral" from "Buy" by analysts at Citigroup. The rating was maintained by Investec on Thursday, October 8 with "Hold". On October 17 the stock rating was downgraded from "Buy" to "Neutral" in a statement from Goldman Sachs.

On July 18 the company was changed to "Outperform" by Barclays down from the previous "Overweight" rating.

Recent Trading for Targa Resources, Inc. "Could Be a Gold Mine for Growth Investors" on October 16, 2017. As of the end of the quarter Winslow, Evans & Crocker, Inc. had disposed of 2,100 shares trimming its stake by 30.7%. 38 funds opened positions while 128 raised stakes. Royal Bancorp Of Canada holds 228,383 shares or 0.01% of its portfolio. Highlander Capital Mngmt Limited Liability Com invested 0.02% in American International Group Inc (NYSE:AIG). Northwestern Mutual Wealth stated it has 1,865 shares or 0% of all its holdings. Next, Texas-based fund reported 221 shares. Morgan Stanley owns 1.84 million shares or 0.03% of their United States portfolio. Farmers & Merchants reported 10,650 shares. Asset Mgmt One Company Ltd invested in 0.25% or 1.54M shares. Thompson Davis And has 119 shares for 0.01% of their portfolio. Goodhaven Capital Lc holds 14.22% or 2.95 million shares. Utah Retirement System has invested 0.02% in WPX Energy Inc (NYSE:WPX).



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