Targa Resources Corp. (NYSE:TRGP) reached 23.06% versus a 1-year low price of $35.35. The stock was last seen 2.47% higher, reaching at $43.5 on June 16, 2017. At recent session, the prices were hovering between $42.31 and $43.59. This company shares are 36.46% off its target price of $59.36 and the current market capitalization stands at $9.15B. The recent change has given its price a -15.69% deficit over SMA 50 and -29.65% deficit over its 52-week high. The stock witnessed -12.21% declines, -22.97% declines and -18.03% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TRGP’s volatility during a week at 3.28% and during a month it has been found around 2.81%.Targa Resources Corp. (TRGP) Top Holders
Institutional investors currently hold around $7.51 billion or 80.5% in TRGP stock. Look at its top three institutional owners. Vanguard Group Inc owns $693.64 million in Targa Resources Corp., which represents roughly 7.58% of the company’s market cap and approximately 9.24% of the institutional ownership. Similar statistics are true for the second largest owner, Goldman Sachs Group Inc, which owns 14,347,747 shares of the stock are valued at $624.13 million. The third largest holder is Blackrock Inc., which currently holds $438.94 million worth of this stock and that ownership represents nearly 4.8% of its market capitalization.Targa Resources Corp. 13F Filings
At the end of Mar reporting period, 256 institutional holders increased their position in Targa Resources Corp. (NYSE:TRGP) by some 30,977,341 shares, 161 decreased positions by 18,503,441 and 63 held positions by 123,052,280. That puts total institutional holdings at 172,533,062 shares, according to SEC filings. The stock grabbed 62 new institutional investments totaling 7,246,401 shares while 42 institutional investors sold out their entire positions totaling 10,213,975 shares.
Multiple company employees have indulged in significant insider trading. Targa Resources Corp. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Middlebrooks Dan C has sold 2,597 shares of Targa Resources Corp. (TRGP) in trading session dated May. 16, 2017. These shares are worth $133,070 and were traded at $51.24 each. The SEC filing shows that MELOY MATTHEW J performed a sale of 11,288 shares. The Executive VP and CFO disposed these shares by way of transaction on May. 10, 2017. The company’s shares were given away at $50.91 per share worth to an income of some $574,672 on account of MELOY MATTHEW J.
President – Administration, McParland Jeffrey J, sold 200 common shares of Targa Resources Corp. (TRGP) in the open market. In a transaction dated Mar. 31, 2017, the shares were put up for sale at an average price of $60, raking in a sum of $12,000. After this sale, 402,936 common shares of TRGP are directly owned by the insider, with total stake valued at $17,527,716.
In the transaction dated Mar. 01, 2017, the great number of shares disposed came courtesy the President – Administration; McParland Jeffrey J disposed a total of 9,600 shares at an average price of $57.43, amounting to approximately $551,328. The insider now directly owns 403,136 shares worth $17,536,416.Targa Resources Corp. (TRGP) Analyst Guide
Several analysts have released their opinion on Targa Resources Corp. (NYSE:TRGP), with 9 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.88 average brokerage recommendation.