KCG Holdings Inc. Cuts Stake in Targa Resources, Inc. (NYSE:TRGP)

Joanna Estrada
July 14, 2017

Yorkville Capital Management Ltd Llc invested in 5.21% or 93,567 shares. They now have a United States dollars 52 price target on the stock. The overall volume in the last trading session was 1.48 million shares. CyrusOne Inc (NASDAQ:CONE) has risen 13.66% since July 12, 2016 and is uptrending. It has outperformed by 18.90% the S&P500. Comerica Bank raised its stake in Targa Resources by 51.4% in the fourth quarter. AQR Capital Management LLC now owns 24,352 shares of the pipeline company's stock valued at $1,365,000 after buying an additional 13,829 shares during the period.

Want to see what other hedge funds are holding TRGP? Tortoise Capital Advisors Llc who had been investing in Targa Res Corp for a number of months, seems to be bullish on the $9.74 billion market cap company. The stock has been upbeat for quite some time as is up 3.59% for the last 20 trading days, and now the firm's performance is turning out to be bullish with a 8.18% gain for the week.

A look at some of the inputs to technical analysis model shows how Targa Resources Corp. current price compares to its recent moving averages. It has outperformed by 1.72% the S&P500.

Investors sentiment is 1.46 in Q4 2016. Its the same as in 2016Q3. It is flat, as 35 investors sold Targa Resources Corp shares while 102 reduced holdings. only 70 funds opened positions while 130 raised stakes. 146.32 million shares or 1.69% more from 143.89 million shares in 2016Q3 were reported. Swiss Natl Bank reported 463,500 shares. Brinker Capital accumulated 0.02% or 5,330 shares. United States Steel & Carnegie Pension Fund owns 1.54 million shares or 1.58% of their USA portfolio. Asset Management invested in 6,201 shares or 0.01% of the stock. Hodges Capital Management holds 0.02% or 5,850 shares in its portfolio. Franklin Resources Inc. increased its position in shares of Targa Resources by 0.4% in the fourth quarter. First Commonwealth Fincl Pa holds 0.67% or 9,590 shares. Great West Life Assurance Can holds 213,158 shares or 0.03% of its portfolio. Moreover, Gotham Asset Mngmt Ltd Llc has 0.34% invested in Targa Resources Corp (NYSE:TRGP). British Columbia Invest Mgmt Corporation reported 39,430 shares stake. Commonwealth Of Pennsylvania Public School Empls Retrmt has 0.77% invested in Targa Resources Corp (NYSE:TRGP).

Capital Fund Management Sa increased Coca (NYSE:KO) stake by 18,400 shares to 126,000 valued at $5.22 million in 2016Q4. It also reduced its holding in Continental Resources Inc (NYSE:CLR) by 19,235 shares in the quarter, leaving it with 198,676 shares, and cut its stake in Western Gas Partners Lp (NYSE:WES).

Since January 18, 2017, it had 0 insider purchases, and 10 insider sales for $8.92 million activity. Finally, Fernwood Investment Management LLC acquired a new stake in shares of Targa Resources during the first quarter worth approximately $212,000. Perkins Joe Bob sold 50,000 shares worth $3.00M. On Tuesday, May 16 the insider Middlebrooks Dan C sold $133,066. $12,000 worth of Targa Resources Corp (NYSE:TRGP) shares were sold by McParland Jeffrey J. Finally, Credit Suisse Group set a $56.00 price target on Targa Resources and gave the stock a "neutral" rating in a research report on Friday, May 5th. Therefore 81% are positive.

05/05/2017 - Targa Resources, Inc. was upgraded to " by analysts at Raymond James. Barclays Capital maintained it with "Overweight" rating and GBX 626 target in Thursday, September 3 report. About shares traded. Targa Resources Corp (NYSE:TRGP) has risen 18.42% since July 14, 2016 and is uptrending. The firm has "Buy" rating by Stifel Nicolaus given on Monday, March 13. The stock has "Hold" rating by Stifel Nicolaus on Thursday, December 1. Stifel Nicolaus maintained the stock with "Buy" rating in Monday, June 26 report. The firm has a 50-day moving average of $46.09 and a 200-day moving average of $54.40. Citigroup has "Buy" rating and $32 target. The company maintains price to book ratio of 1.56 vs.an industry average at 98.85. (NYSE:TRGP) by 19.9% during the first quarter, according to its most recent filing with the SEC. More interesting news about Targa Resources Corp (NYSE:TRGP) was released by: Seekingalpha.com and their article: "Targa Resources: 8% Yield With New Permian Growth Initiatives" with publication date: June 13, 2017.

TRADEMARK VIOLATION WARNING: This story was originally posted by BNB Daily and is the sole property of of BNB Daily. Another trade for 83,285 shares valued at $5.01M was made by CORBAT MICHAEL on Thursday, February 16. WHALEN JAMES W sold 25,000 shares worth $1.50 million.

About 256,963 shares traded. Citigroup stated it has 0% in Targa Resources Corp (NYSE:TRGP). Deutsche Savings Bank Ag stated it has 1.64 million shares or 0.07% of all its holdings. Price T Rowe Assocs Inc Md, Maryland-based fund reported 1.14 million shares.

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