Virtus Etf Advisers adds Targa Resources Corp (TRGP) to its portfolio

Targa Resources Corp (TRGP) : Virtus Etf Advisers added new position in Targa Resources Corp during the most recent quarter end. The investment management firm now holds 40,156 shares of Targa Resources Corp which is valued at $1,704,221 , the company said in a statement filed on Aug 15, 2016 with the SEC.Targa Resources Corp makes up approximately 1.95% of Virtus Etf Advisers’s portfolio.

Other Hedge Funds, Including , Third Point sold out all of its stake in TRGP during the most recent quarter. The investment firm sold 1,800,000 shares of TRGP which is valued $76,392,000.Renaissance Technologies reduced its stake in TRGP by selling 92,900 shares or 16.89% in the most recent quarter. The Hedge Fund company now holds 457,086 shares of TRGP which is valued at $19,398,730. Targa Resources Corp makes up approx 0.04% of Renaissance Technologies’s portfolio.Tcw Group Inc boosted its stake in TRGP in the latest quarter, The investment management firm added 44,221 additional shares and now holds a total of 81,773 shares of Targa Resources Corp which is valued at $3,470,446. Targa Resources Corp makes up approx 0.02% of Tcw Group Inc’s portfolio.Freestone Capital Holdings boosted its stake in TRGP in the latest quarter, The investment management firm added 7,724 additional shares and now holds a total of 135,024 shares of Targa Resources Corp which is valued at $5,730,419. Targa Resources Corp makes up approx 0.53% of Freestone Capital Holdings’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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