Cbre Clarion Securities LLC Has $4.34 Million Holdings in Targa Resources, Inc. (TRGP)

Cbre Clarion Securities LLC raised its position in Targa Resources, Inc. (NYSE:TRGP) by 50.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,959 shares of the pipeline company’s stock after purchasing an additional 32,375 shares during the period. Cbre Clarion Securities LLC’s holdings in Targa Resources were worth $4,337,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bollard Group LLC lifted its holdings in shares of Targa Resources by 1.1% during the 2nd quarter. Bollard Group LLC now owns 2,526 shares of the pipeline company’s stock worth $114,000 after acquiring an additional 27 shares during the last quarter. Baldwin Brothers Inc. MA lifted its holdings in shares of Targa Resources by 0.7% during the 2nd quarter. Baldwin Brothers Inc. MA now owns 15,278 shares of the pipeline company’s stock worth $691,000 after acquiring an additional 100 shares during the last quarter. Usca Ria LLC lifted its holdings in shares of Targa Resources by 3.7% during the 2nd quarter. Usca Ria LLC now owns 4,997 shares of the pipeline company’s stock worth $226,000 after acquiring an additional 178 shares during the last quarter. Gould Asset Management LLC CA lifted its holdings in shares of Targa Resources by 2.1% during the 1st quarter. Gould Asset Management LLC CA now owns 10,448 shares of the pipeline company’s stock worth $626,000 after acquiring an additional 210 shares during the last quarter. Finally, Johnson Financial Group LLC lifted its holdings in shares of Targa Resources by 5.2% during the 2nd quarter. Johnson Financial Group LLC now owns 4,646 shares of the pipeline company’s stock worth $209,000 after acquiring an additional 228 shares during the last quarter. 87.42% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts have recently issued reports on the stock. UBS AG reaffirmed a “buy” rating and set a $59.00 price objective (down from $62.00) on shares of Targa Resources in a report on Thursday, June 22nd. BidaskClub raised shares of Targa Resources from a “hold” rating to a “buy” rating in a report on Saturday, September 16th. Guggenheim raised shares of Targa Resources from a “neutral” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Monday, August 14th. Robert W. Baird reaffirmed a “buy” rating and set a $53.00 price objective on shares of Targa Resources in a report on Sunday, September 17th. Finally, Credit Suisse Group set a $54.00 price objective on shares of Targa Resources and gave the stock a “hold” rating in a report on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $54.53.

Shares of Targa Resources, Inc. (NYSE:TRGP) traded up 0.30% during trading on Friday, reaching $46.96. 790,719 shares of the company were exchanged. The company’s market capitalization is $10.12 billion. Targa Resources, Inc. has a 1-year low of $40.25 and a 1-year high of $61.83. The stock’s 50 day moving average is $44.90 and its 200 day moving average is $49.24.

In related news, insider Dan C. Middlebrooks sold 2,100 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $44.70, for a total value of $93,870.00. Following the transaction, the insider now owns 50,853 shares of the company’s stock, valued at approximately $2,273,129.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.93% of the company’s stock.

About Targa Resources

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

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