Do Institutional Investors Love Targa Resources Corp (NYSE:TRGP)?

Lloyd Doyle
October 13, 2017

(TRGP) by 4.44% based on its latest 2017Q2 regulatory filing with the SEC. Penserra Capital Management LLC now owns 3,529 shares of the pipeline company's stock valued at $211,000 after buying an additional 1,228 shares during the period. The institutional investor held 1.37 million shares of the public utilities company at the end of 2017Q2, valued at $61.65 million, up from 1.31M at the end of the previous reported quarter. Credit Suisse maintained Targa Resources Corp (NYSE:TRGP) on Thursday, May 25 with "Hold" rating.

About 494,891 shares traded. 11,288 Targa Resources Corp (NYSE:TRGP) shares with value of $574,706 were sold by MELOY MATTHEW J. It has outperformed by 1.72% the S&P500. The company has market cap of $667.64 million. 182.63 million shares or 11.02% more from 164.50 million shares in 2017Q1 were reported. Bank Of Nova Scotia who had been investing in Targa Res Corp for a number of months, seems to be bullish on the $10.30 billion market cap company. Meanwhile the stock weekly performance was positive at 0.75%, which was down for the month at -5.38%. About 651,114 shares traded. Sirius XM Holdings Inc. Coldstream Mgmt Incorporated has 0.08% invested in Targa Resources Corp (NYSE:TRGP) for 13,597 shares. It has outperformed by 8.88% the S&P500.

Among 6 analysts covering TowerJazz (NASDAQ:TSEM), 5 have Buy rating, 0 Sell and 1 Hold. Baytex Energy Trust had 21 analyst reports since July 21, 2015 according to SRatingsIntel. Analysts rating the company a 3 indicate a Hold recommendation. As per Friday, August 25, the company rating was maintained by KeyBanc Capital Markets. Finally, Guggenheim raised shares of Targa Resources from a "neutral" rating to a "buy" rating and set a $50.00 price objective for the company in a research report on Monday, August 14th. The stock of NiSource Inc. The stock of Targa Resources Corp (NYSE:TRGP) has "Buy" rating given on Tuesday, March 22 by Jefferies. Its most recent closing price has a distance of -0.94% from SMA20 and is 1.46% above than SMA200. (NASDAQ:SIRI) news were published by: Nasdaq.com which released: "Sirius XM (SIRI) Rewards Shareholders with 10% Dividend Hike" on October 04, 2017, also Prnewswire.com with their article: "SiriusXM Increases Dividend 10%" published on October 03, 2017, Seekingalpha.com published: "Sirius XM: Too Pricey For Me" on September 28, 2017. As traders, we are more interested to take part in strong moves and don't join moves that show weakness - or we may even watch for an entry in the opposite direction of a weak move.


Analysts await NiSource Inc. (NASDAQ:HSNI) to report earnings on November, 6. During the key period of last 5 years, Eversource Energy (NYSE:ES) sales have annually surged 11.30% on average, however its earnings per share growth remained at 5.90%. SIRI's profit will be $183.90M for 35.88 P/E if the $0.04 EPS becomes a reality. After $0.14 actual earnings per share reported by Targa Resources Corp for the previous quarter, Wall Street now forecasts -135.71 % negative EPS growth.

In this case, shares are down -23.24% from $61.83, the 52-week high touched on February 07, 2017, but are collecting gains at -1.08% for the past 12 months. It fall, as 58 investors sold TRGP shares while 78 reduced holdings. 45 funds opened positions while 167 raised stakes. (NYSE:NI) shares. $180,864 worth of stock was sold by Vegas Pablo on Tuesday, May 23. Creative Planning holds 41,035 shares or 0.01% of its portfolio. Parkside Financial Bank & Tru reported 0% in NiSource Inc. Moreover, Cypress Asset Tx has 0.04% invested in Targa Resources Corp (NYSE:TRGP). 258.78 million shares or 0.42% less from 259.88 million shares in 2017Q1 were reported. Fmr Limited Liability Company accumulated 0% or 855,250 shares. Canandaigua Retail Bank has invested 0.01% in Sirius XM Holdings Inc. Peak6 Investments Limited Partnership invested in 24,764 shares or 0.01% of the stock. Qcm Cayman Limited stated it has 4,579 shares or 0.47% of all its holdings. Bancshares Of America De has invested 0.01% in Sirius XM Holdings Inc. Therefore 68% are positive. On Monday, March 13 the stock rating was upgraded by Stifel Nicolaus to "Buy". As per Thursday, September 14, the company rating was maintained by Robert W. Baird. Jefferies maintained Targa Resources Corp (NYSE:TRGP) rating on Wednesday, April 5. The stock of Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) earned "Buy" rating by Drexel Hamilton on Tuesday, October 20. As per Monday, January 4, the company rating was downgraded by Raymond James. Needham maintained the stock with "Buy" rating in Friday, June 9 report. Goldman Sachs Group Inc. increased its stake in shares of Targa Resources by 8.3% in the first quarter.

Since May 10, 2017, it had 0 insider buys, and 2 sales for $707,772 activity. ValuEngine upgraded shares of Targa Resources from a sell rating to a hold rating in a report on Wednesday, July 19th.

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