OMERS ADMINISTRATION Corp decreased its position in Targa Resources, Inc. (NYSE:TRGP) by 18.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,800 shares of the company’s stock after selling 21,400 shares during the period. OMERS ADMINISTRATION Corp owned 0.06% of Targa Resources worth $4,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Concert Wealth Management Inc. bought a new stake in Targa Resources during the second quarter worth $215,000. Advisory Services Network LLC boosted its stake in Targa Resources by 155.2% in the second quarter. Advisory Services Network LLC now owns 6,330 shares of the company’s stock worth $267,000 after buying an additional 3,850 shares during the last quarter. Benedict Financial Advisors Inc. boosted its stake in Targa Resources by 0.5% in the second quarter. Benedict Financial Advisors Inc. now owns 10,002 shares of the company’s stock worth $427,000 after buying an additional 49 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in Targa Resources by 301.0% in the second quarter. HITE Hedge Asset Management LLC now owns 545,391 shares of the company’s stock worth $22,983,000 after buying an additional 409,393 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in Targa Resources by 558.2% in the second quarter. Alps Advisors Inc. now owns 74,343 shares of the company’s stock worth $3,133,000 after buying an additional 63,048 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

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

Targa Resources, Inc. (NYSE:TRGP) traded up 0.40% during trading on Friday, reaching $57.58. The company’s stock had a trading volume of 585,780 shares. Targa Resources, Inc. has a 52 week low of $14.55 and a 52 week high of $59.97. The firm’s market capitalization is $10.41 billion. The firm has a 50-day moving average price of $55.24 and a 200-day moving average price of $47.42.

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TRGP has been the subject of several recent analyst reports. Stifel Nicolaus cut Targa Resources from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a report on Wednesday, September 28th. They noted that the move was a valuation call. Credit Suisse Group reissued a “neutral” rating and issued a $57.00 price target (up from $51.00) on shares of Targa Resources in a report on Sunday, December 4th. Vetr raised Targa Resources from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, September 27th. Barclays PLC raised Targa Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $47.00 to $55.00 in a report on Tuesday, September 27th. Finally, Royal Bank Of Canada raised their price target on Targa Resources from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $47.47.

In related news, insider Jeffrey J. Mcparland sold 8,300 shares of the stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $56.38, for a total value of $467,954.00. Following the completion of the transaction, the insider now directly owns 145,983 shares of the company’s stock, valued at approximately $8,230,521.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Crisp sold 10,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $46.13, for a total value of $461,300.00. Following the completion of the transaction, the director now directly owns 132,019 shares of the company’s stock, valued at $6,090,036.47. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Targa Resources 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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