Cushing Asset Management Lp buys $125,669,678 stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Cushing Asset Management Lp scooped up 910,094 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 15, 2016. The investment management firm now holds a total of 2,961,114 shares of Targa Resources Corp which is valued at $125,669,678.Targa Resources Corp makes up approximately 4.72% of Cushing Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in TRGP in the latest quarter, The investment management firm added 21,677 additional shares and now holds a total of 33,719 shares of Targa Resources Corp which is valued at $1,431,034. Targa Resources Corp makes up approx 0.08% of Cubist Systematic Strategies’s portfolio.Canada Pension Plan Investment Board boosted its stake in TRGP in the latest quarter, The investment management firm added 323,600 additional shares and now holds a total of 366,182 shares of Targa Resources Corp which is valued at $15,540,764. Targa Resources Corp makes up approx 0.06% of Canada Pension Plan Investment Board’s portfolio.Central Trust Co reduced its stake in TRGP by selling 631 shares or 81.52% in the most recent quarter. The Hedge Fund company now holds 143 shares of TRGP which is valued at $6,042.Integrated Wealth Management boosted its stake in TRGP in the latest quarter, The investment management firm added 1,760 additional shares and now holds a total of 2,051 shares of Targa Resources Corp which is valued at $78,984. Targa Resources Corp makes up approx 0.03% of Integrated Wealth Management’s portfolio.

Targa Resources Corp closed down -0.25 points or -0.57% at $43.33 with 15,64,996 shares getting traded on Thursday. Post opening the session at $43.32, the shares hit an intraday low of $42.77 and an intraday high of $43.63 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Many Wall Street Analysts have commented on Targa Resources Corp. Company shares were Reiterated by Wunderlich on Aug 31, 2016 to “Hold”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .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. (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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