Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Targa Resources, Inc. (TRGP)

Lloyd Doyle
September 25, 2017

The ex-dividend date was Friday the 28th of July 2017. Following the completion of the transaction, the insider now directly owns 50,853 shares of the company's stock, valued at approximately $2,273,129.10.

In the market the company is trading up by 0.30%% since yesterday's close of 46.82. The stock appeared $1.00 above its 52-week highs and is down -7.40% for the last five trades. About shares traded. Targa Resources Corp (NYSE:TRGP) has risen 18.42% since September 22, 2016 and is uptrending. It has outperformed by 1.72% the S&P500.The move comes after 8 months negative chart setup for the $10.09B company.

Schwab Charles Investment Management Inc. lowered its stake in shares of Targa Resources, Inc. Chevron Corp now has $220.71 billion valuation. The stock rose 0.45% or $0.24 reaching $53.99. About 705,985 shares traded. Tortoise Capital Advsr Ltd owns 6.72M shares. Korea owns 148 shares. Enbridge Energy Management L (NYSE:EEQ) was raised too.

Investors wait Targa Resources Corp (NYSE:TRGP) to report on November, 3. its quarterly earnings Wall Street analysts expect $-0.05 EPS, up $0.18 or 78.26 % from last year's $-0.23 same quarter earnings. Therefore 74% are positive. The firm has "Buy" rating by Robert W. Baird given on Tuesday, June 13. The rating was maintained by Stifel Nicolaus on Thursday, April 20 with "Hold". One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Jefferies has "Hold" rating and $45 target. Macquarie Research initiated Targa Resources Corp (NYSE:TRGP) on Friday, April 21 with "Outperform" rating. On Tuesday, August 25 the stock rating was upgraded by Zacks to "Sell". As per Thursday, August 3, the company rating was maintained by Deutsche Bank.

Investors sentiment decreased to 1.56 in Q2 2017.

As of the last earnings report the EPS was $-1.82 and is expected to be $-0.63 for the current year with 215,605,000 shares now outstanding. Sold All: 58 Reduced: 78 Increased: 167 New Position: 45. The funds in our partner's database reported: 182.63 million shares, up from 164.50 million shares in 2017Q1. Henderson Group PLC now owns 24,314 shares of the pipeline company's stock worth $1,456,000 after acquiring an additional 6,826 shares during the last quarter. It also upped Electronics For Imaging Inc (NASDAQ:EFII) stake by 11,528 shares and now owns 262,294 shares. Hodges Capital Mgmt Inc holds 18,250 shares. Finally, Center Coast Capital Advisors LP boosted its holdings in shares of Targa Resources by 29.4% during the second quarter. Neuberger Berman Grp Limited Liability Corporation holds 1.98M shares. Airain Ltd holds 0.23% of its portfolio in CSX Corporation (NASDAQ:CSX) for 95,342 shares. Targa Resources Corp. (NYSE:TRGP), at its latest closing price of $48.18, it has a price-to-book ratio of 0.00, compared to an industry average at 0.61. Associated Banc holds 17,484 shares or 0.05% of its portfolio. St Johns Invest Mngmt Lc holds 0.02% of its portfolio in CSX Corporation (NASDAQ:CSX) for 425 shares. The Arizona-based Tci Wealth Advisors Incorporated has invested 0% in Targa Resources Corp (NYSE:TRGP). Redmond Asset Mgmt Lc reported 12,636 shares. Lmr Llp accumulated 49,141 shares.

Energy Income Partners Llc decreased Targa Res Corp (TRGP) stake by 4.56% reported in 2017Q2 SEC filing.


Since January 1, 0001, it had 0 buys, and 3 sales for $719,772 activity.

In other news, insider Dan C. Middlebrooks sold 2,100 shares of the firm's stock in a transaction that occurred on Thursday, August 10th. McParland Jeffrey J sold $12,000 worth of stock. Therefore 0 are positive. Chevron Corporation had 76 analyst reports since August 4, 2015 according to SRatingsIntel. The stock witnessed 3.77% gains, 5.6% gains and 14.26% gains for the 1-month, 3-month and 6-month period, respectively. The stock has "Hold" rating by Wunderlich on Wednesday, August 31. The firm has "Sector Perform" rating by RBC Capital Markets given on Thursday, February 25.

A number of analysts have recently issued reports on the stock. The rating was upgraded by Guggenheim on Tuesday, August 15 to "Buy". Royal Bank Of Canada reduced their price objective on shares of Targa Resources from $67.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, July 14th. The stock has "Overweight" rating by Morgan Stanley on Tuesday, November 1.

Investors sentiment increased to 0.88 in Q2 2017. Its down 0.02, from 0.93 in 2017Q1. 92 funds opened positions while 651 raised stakes. Shell Asset Mngmt Co accumulated 0.01% or 11,410 shares. Mrj Cap Incorporated has 17,302 shares. Penserra Capital Management LLC now owns 4,255 shares of the pipeline company's stock worth $192,000 after purchasing an additional 726 shares in the last quarter. Institutional investors own 87.42% of the company's stock. Texas Permanent School Fund invested in 0.01% or 13,880 shares. Aqr Management invested 0.38% in Wells Fargo & Co (NYSE:WFC). Citigroup has invested 0% in Shutterstock Inc (NYSE:SSTK). 660,017 were accumulated by Hightower Advsrs Limited Com. Creative Planning holds 41,035 shares or 0.01% of its portfolio. Catalyst Cap Advisors Ltd Liability Co has 262,356 shares. Amarillo Commercial Bank has 0.29% invested in Chevron Corporation (NYSE:CVX). Novare Limited Liability invested in 0.6% or 59,322 shares.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on October, 27. The 1 year EPS growth rate is -265.60%. SSTK's profit will be $3.81 million for 77.36 P/E if the $0.11 EPS becomes a reality. Teachers Advisors LLC owned about 0.25% of Targa Resources worth $22,601,000 as of its most recent SEC filing.

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