Targa Resources, Inc. (TRGP) Shares Bought by Botty Investors LLC
Botty Investors LLC increased its position in Targa Resources, Inc. (NYSE:TRGP) by 1,170.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,904 shares of the pipeline company’s stock after buying an additional 4,518 shares during the period. Botty Investors LLC’s holdings in Targa Resources were worth $222,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new position in Targa Resources during the second quarter worth about $105,000. Bollard Group LLC boosted its position in shares of Targa Resources by 1.1% in the second quarter. Bollard Group LLC now owns 2,526 shares of the pipeline company’s stock valued at $114,000 after buying an additional 27 shares during the period. Van ECK Associates Corp boosted its position in shares of Targa Resources by 29.1% in the first quarter. Van ECK Associates Corp now owns 2,181 shares of the pipeline company’s stock valued at $131,000 after buying an additional 491 shares during the period. Fayez Sarofim & Co acquired a new position in shares of Targa Resources during the first quarter valued at about $204,000. Finally, Johnson Financial Group LLC boosted its position in shares of Targa Resources by 5.2% in the second quarter. Johnson Financial Group LLC now owns 4,646 shares of the pipeline company’s stock valued at $209,000 after buying an additional 228 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.
Shares of Targa Resources, Inc. (TRGP) opened at 43.17 on Wednesday. The company’s market capitalization is $9.31 billion. The stock has a 50 day moving average of $45.16 and a 200-day moving average of $51.58. Targa Resources, Inc. has a 1-year low of $40.25 and a 1-year high of $61.83.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date of this dividend was Friday, July 28th.
Several brokerages have issued reports on TRGP. UBS AG restated a “buy” rating and issued a $65.00 price target (down from $68.00) on shares of Targa Resources in a research report on Tuesday, May 30th. Guggenheim upgraded shares of Targa Resources from a “neutral” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Monday. BMO Capital Markets set a $51.00 price target on shares of Targa Resources and gave the company a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Targa Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Credit Suisse Group set a $54.00 price target on shares of Targa Resources and gave the company a “hold” rating in a research report on Sunday, May 28th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $53.95.
In other Targa Resources news, insider Dan C. Middlebrooks sold 2,100 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $44.70, for a total transaction of $93,870.00. Following the transaction, the insider now directly owns 50,853 shares of the company’s stock, valued at approximately $2,273,129.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.93% of the stock is currently owned by insiders.
Targa Resources Company Profile
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.
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