Nisa Investment Advisors LLC acquired a new stake in Targa Resources Corp (NYSE:TRGP) during the second quarter, Holdings Channel reports. The firm acquired 15,000 shares of the company’s stock, valued at approximately $632,000.

A number of other large investors have also recently bought and sold shares of TRGP. Goldman Sachs Group Inc. raised its stake in Targa Resources Corp by 288.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,961,109 shares of the company’s stock valued at $297,439,000 after buying an additional 7,394,011 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Targa Resources Corp by 206.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,004,127 shares of the company’s stock valued at $119,563,000 after buying an additional 2,695,476 shares during the period. Brookfield Asset Management Inc. raised its stake in Targa Resources Corp by 235.7% in the first quarter. Brookfield Asset Management Inc. now owns 2,656,630 shares of the company’s stock valued at $79,327,000 after buying an additional 1,865,230 shares during the period. Omega Advisors Inc. raised its stake in Targa Resources Corp by 116.8% in the first quarter. Omega Advisors Inc. now owns 2,716,393 shares of the company’s stock valued at $81,111,000 after buying an additional 1,463,722 shares during the period. Finally, State Street Corp raised its stake in Targa Resources Corp by 188.9% in the first quarter. State Street Corp now owns 2,168,638 shares of the company’s stock valued at $64,753,000 after buying an additional 1,417,974 shares during the period.

Targa Resources Corp (NYSE:TRGP) traded up 0.58% on Friday, reaching $46.80. The company’s stock had a trading volume of 3,520,567 shares. The stock’s market capitalization is $7.80 billion. The firm has a 50 day moving average price of $42.47 and a 200 day moving average price of $38.57. Targa Resources Corp has a 52 week low of $14.55 and a 52 week high of $66.87.

Targa Resources Corp (NYSE:TRGP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.07. On average, equities analysts anticipate that Targa Resources Corp will post ($0.30) EPS for the current year.

TRGP has been the subject of a number of analyst reports. Zacks Investment Research lowered Targa Resources Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Stifel Nicolaus initiated coverage on Targa Resources Corp in a research report on Tuesday, May 31st. They issued a “hold” rating for the company. Jefferies Group lowered Targa Resources Corp from a “buy” rating to a “hold” rating and upped their price target for the company from $34.00 to $45.00 in a research report on Wednesday, June 8th. Wunderlich upped their price target on Targa Resources Corp from $44.00 to $45.00 and gave the company a “hold” rating in a research report on Wednesday, August 31st. Finally, Evercore ISI initiated coverage on Targa Resources Corp in a research report on Thursday. They issued a “hold” rating and a $45.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $46.27.

In other news, insider Jeffrey J. Mcparland sold 25,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $45.50, for a total transaction of $1,142,050.00. Following the completion of the transaction, the insider now directly owns 145,983 shares of the company’s stock, valued at approximately $6,642,226.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider D. Scott Pryor sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $37.66, for a total transaction of $282,450.00. Following the transaction, the insider now directly owns 60,553 shares of the company’s stock, valued at $2,280,425.98. The disclosure for this sale can be found here.

Targa Resources Corp Company Profile

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products.

5 Day Chart for NYSE:TRGP

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