Pinnacle Holdings buys $3,137,485 stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Pinnacle Holdings scooped up 7,695 additional shares in Targa Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 74,560 shares of Targa Resources Corp which is valued at $3,137,485.Targa Resources Corp makes up approximately 1.56% of Pinnacle Holdings’s portfolio.

Other Hedge Funds, Including , Victory Capital Management Inc boosted its stake in TRGP in the latest quarter, The investment management firm added 6,572 additional shares and now holds a total of 42,008 shares of Targa Resources Corp which is valued at $1,774,838. Targa Resources Corp makes up approx 0.01% of Victory Capital Management Inc’s portfolio. Forward Management sold out all of its stake in TRGP during the most recent quarter. The investment firm sold 14,500 shares of TRGP which is valued $558,395.Quadrant Capital Group boosted its stake in TRGP in the latest quarter, The investment management firm added 316 additional shares and now holds a total of 595 shares of Targa Resources Corp which is valued at $22,170. Targa Resources Corp makes up approx 0.01% of Quadrant Capital Group’s portfolio.

Targa Resources Corp opened for trading at $42.77 and hit $43.39 on the upside on Wednesday, eventually ending the session at $43.15, with a gain of 0.35% or 0.15 points. The heightened volatility saw the trading volume jump to 13,65,075 shares. Company has a market cap of $7,190 M.

Many Wall Street Analysts have commented on Targa Resources Corp. Stifel Upgraded Targa Resources Corp on Aug 4, 2016 to ” Buy”, Price Target of the shares are set at $43.Targa Resources Corp was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Targa Resources Corp was Initiated by Stifel to “Hold” on May 31, 2016.

Targa Resources Corp. (Traga) 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. The Company operates in two divisions Gathering and Processing and Logistics and Marketing. Gathering and Processing includes Field Gathering and Processing and Coastal Gathering and Processing. Logistics and Marketing includes Logistics Assets and Marketing and Distribution.

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