Gilman Hill Asset Management Lowers stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Gilman Hill Asset Management reduced its stake in Targa Resources Corp by 4.05% during the most recent quarter end. The investment management company now holds a total of 201,044 shares of Targa Resources Corp which is valued at $8,108,105 after selling 8,486 shares in Targa Resources Corp , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Targa Resources Corp makes up approximately 3.22% of Gilman Hill Asset Management’s portfolio.

Other Hedge Funds, Including , Sigma Planning Corp reduced its stake in TRGP by selling 22,437 shares or 57.16% in the most recent quarter. The Hedge Fund company now holds 16,814 shares of TRGP which is valued at $678,109. Targa Resources Corp makes up approx 0.09% of Sigma Planning Corp’s portfolio.Bollard Group boosted its stake in TRGP in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 2,418 shares of Targa Resources Corp which is valued at $97,518. Targa Resources Corp makes up approx 0.01% of Bollard Group’s portfolio.Walnut Private Equity Partners reduced its stake in TRGP by selling 15,098 shares or 3.12% in the most recent quarter. The Hedge Fund company now holds 468,310 shares of TRGP which is valued at $20,067,084. Targa Resources Corp makes up approx 16.08% of Walnut Private Equity Partners’s portfolio.Cutler Group Lp reduced its stake in TRGP by selling 13,673 shares or 25.64% in the most recent quarter. The Hedge Fund company now holds 39,657 shares of TRGP which is valued at $1,699,302. Targa Resources Corp makes up approx 0.12% of Cutler Group Lp’s portfolio.

Targa Resources Corp opened for trading at $35.84 and hit $37.37 on the upside on Friday, eventually ending the session at $37.26, with a gain of 2.73% or 0.99 points. The heightened volatility saw the trading volume jump to 20,33,086 shares. Company has a market cap of $5,984 M.

Many Wall Street Analysts have commented on Targa Resources Corp. 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. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 43 from a previous price target of $33 .

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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