Advisory Services Network buys $657,764 stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Advisory Services Network scooped up 7,146 additional shares in Targa Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 13,476 shares of Targa Resources Corp which is valued at $657,764.Targa Resources Corp makes up approximately 0.13% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in TRGP in the latest quarter, The investment management firm added 2,306 additional shares and now holds a total of 2,485 shares of Targa Resources Corp which is valued at $121,566. Washington Trust Bank added TRGP to its portfolio by purchasing 35 company shares during the most recent quarter which is valued at $1,712.

Targa Resources Corp closed down -0.1 points or -0.20% at $48.81 with 11,15,108 shares getting traded on Friday. Post opening the session at $49.12, the shares hit an intraday low of $48.5 and an intraday high of $49.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Many Wall Street Analysts have commented on Targa Resources Corp. Targa Resources Corp was Downgraded by Stifel to ” Hold” on Sep 29, 2016. Company shares were Upgraded by Barclays on Sep 27, 2016 to ” Overweight”, Firm has raised the Price Target to $ 55 from a previous price target of $47 .Targa Resources Corp was Upgraded by Goldman to ” Buy” on Sep 19, 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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