2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd increased its holdings in shares of Targa Resources Corp. ( NYSE:TRGP – Free Report ) by 4.5% in the second quarter, according to its most recent filing with the SEC.
The fund owned 15,610 shares of the pipeline company’s stock after acquiring an additional 672 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Targa Resources were worth $2,010,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also made changes to their positions in TRGP.
UMB Bank n.a. grew its position in shares of Targa Resources by 2,220.
0% during the 2nd quarter. UMB Bank n.a.
now owns 232 shares of the pipeline company’s stock worth $30,000 after buying an additional 222 shares in the last quarter. Spire Wealth Management increased its position in shares of Targa Resources by 2,400.0% during the first quarter.
Spire Wealth Management now owns 275 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 264 shares in the last quarter. Whittier Trust Co. purchased a new stake in Targa Resources in the second quarter valued at about $44,000.
Register Financial Advisors LLC purchased a new stake in shares of Targa Resources during the first quarter valued at $45,000. Finally, Rogco LP acquired a new position in Targa Resources in the 1st quarter worth approximately $56,000. 92.
13% of the stock is currently owned by institutional investors. Targa Resources Stock Up 1.0 % TRGP opened at $148.
19 on Monday. Targa Resources Corp. has a one year low of $77.
97 and a one year high of $152.42. The company has a debt-to-equity ratio of 2.
98, a quick ratio of 0.53 and a current ratio of 0.65.
The stock has a market capitalization of $32.86 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 1.
16 and a beta of 2.26. The business’s 50-day simple moving average is $139.
13 and its 200-day simple moving average is $123.80. Targa Resources Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th.
Investors of record on Wednesday, July 31st were issued a dividend of $0.75 per share. This represents a $3.
00 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Wednesday, July 31st.
Targa Resources’s dividend payout ratio is presently 61.73%. Insider Activity at Targa Resources In other news, insider Robert Muraro sold 9,900 shares of the firm’s stock in a transaction on Friday, June 28th.
The shares were sold at an average price of $130.31, for a total value of $1,290,069.00.
Following the completion of the sale, the insider now owns 186,951 shares in the company, valued at approximately $24,361,584.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink .
In other Targa Resources news, insider Gerald R. Shrader sold 3,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $136.
06, for a total value of $408,180.00. Following the completion of the sale, the insider now owns 29,603 shares of the company’s stock, valued at $4,027,784.
18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . Also, insider Robert Muraro sold 9,900 shares of the company’s stock in a transaction on Friday, June 28th.
The stock was sold at an average price of $130.31, for a total transaction of $1,290,069.00.
Following the transaction, the insider now directly owns 186,951 shares in the company, valued at $24,361,584.81. The disclosure for this sale can be found here .
Insiders have sold a total of 35,534 shares of company stock worth $4,788,590 in the last three months. Insiders own 1.39% of the company’s stock.
Analysts Set New Price Targets TRGP has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Targa Resources from $124.00 to $153.
00 and gave the company an “overweight” rating in a report on Monday, August 5th. Truist Financial raised their price target on shares of Targa Resources from $125.00 to $150.
00 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group boosted their price objective on shares of Targa Resources from $116.00 to $147.
00 and gave the company a “buy” rating in a report on Tuesday, June 11th. The Goldman Sachs Group increased their target price on Targa Resources from $132.00 to $147.
00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Barclays upped their price target on Targa Resources from $123.00 to $138.
00 and gave the stock an “overweight” rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $140.
54. Read Our Latest Research Report on TRGP Targa Resources Company Profile ( Free Report ) Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America.
It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. See Also Receive News & Ratings for Targa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources and related companies with MarketBeat.
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