Targa Resources, Inc. (TRGP) Ownership Up in Latest Report from Amalgamated Bank

Marco Green
August 12, 2017

Institutional investors and hedge funds own 81.55% of the company's stock. For TRGP, the company now has 98.7 million of cash on the books, which is offset by 500.1 million in current liabilities. 36,241 shares of the company's stock traded hands. Penserra Capital Management LLC raised its stake in shares of Targa Resources by 53.4% in the first quarter. Bluemountain Capital Management, LLC now holds 34,248 shares valued at $1,548,000. "(NYSE:TRGP) Downgraded by Deutsche Bank AG to Hold" was originally reported by Markets Daily and is the sole property of of Markets Daily. The stock of Targa Resources Corp (NYSE:TRGP) has "Buy" rating given on Monday, September 19 by Goldman Sachs.

According to Finviz reported data, The SMA20 of the stock is at -2.4 percent, SMA50 is 0.06 percent, while SMA200 is -14.24 percent. Moreover, Invesco Ltd has 0.01% invested in Targa Resources Corp (NYSE:TRGP) for 282,068 shares. It has outperformed by 21.58% the S&P500.

Among 7 analysts covering Bottomline Technologies (NASDAQ:EPAY), 3 have Buy rating, 0 Sell and 4 Hold. Rollins had 6 analyst reports since August 20, 2015 according to SRatingsIntel. California Pub Employees Retirement Systems holds 265,555 shares or 0.02% of its portfolio. The rating was maintained by Needham on Friday, August 26 with "Buy". Credit Suisse has "Underperform" rating and $2.94 target. They set a "neutral" rating and a $54.00 price objective for the company. The stock of Targa Resources Corp (NYSE:TRGP) has "Hold" rating given on Thursday, February 16 by Stifel Nicolaus. The stock has "Buy" rating by UBS on Thursday, June 22. The company was reinitiated on Friday, August 7 by Barclays Capital. The stock has "Hold" rating by Wunderlich on Wednesday, August 31. Shares for $48,839 were bought by Gibson Peter.

Since May 5, 2017, it had 0 buys, and 1 sale for $239,280 activity. 9,600 shares valued at $551,288 were sold by McParland Jeffrey J on Tuesday, February 28. $1.74M worth of The Coca-Cola Co (NYSE:KO) was sold by Eberly Ceree. Ffcm LLC boosted its stake in shares of Targa Resources by 237.0% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 6,721,135 shares of the pipeline company's stock worth $303,795,000 after buying an additional 1,566,961 shares in the last quarter.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. The ex-dividend date of this dividend is Friday, July 28th.

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.66, from 1.33 in 2016Q3. It is positive, as 67 investors sold VF Corp shares while 260 reduced holdings. 32 funds opened positions while 62 raised stakes. Commerzbank Aktiengesellschaft Fi stated it has 7,094 shares. Firefly Value Prtn LP reported 0.05% of its portfolio in The Coca-Cola Co (NYSE:KO). Ubs Asset Mgmt Americas, Illinois-based fund reported 345,582 shares. 697,628 were reported by Hl Financial Services Limited Com. Blackrock holds 0% or 57,618 shares. Alliancebernstein Limited Partnership has 112,740 shares. Bessemer Gru owns 2,502 shares. The stock rose 0.71% or $0.31 reaching $44.1 per share. Taurus Asset Ltd Limited Liability Company stated it has 30,000 shares or 0.01% of all its holdings. Cibc Asset Management Inc, a Ontario - Canada-based fund reported 5,294 shares. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Therefore 72% are positive.

COPYRIGHT VIOLATION NOTICE: "BMO Capital Markets Reiterates "Hold" Rating for Targa Resources, Inc". The firm's market capitalization is $8.89 billion. The stock of VF Corp (NYSE:VFC) earned "Underweight" rating by Morgan Stanley on Monday, January 11. On Tuesday, March 22 the stock rating was maintained by Jefferies with "Buy". On July 17 the company was upgraded to "Outperform" from "Market Perform" by Wells Fargo. The stock has "Sell" rating by Zacks on Tuesday, August 18. The company was maintained on Tuesday, June 13 by Robert W. Baird.

Investors sentiment increased to 0.93 in Q4 2016. Its the same as in 2016Q3. For shareholders, given the total diluted outstanding shares of 205 million, this means overall earnings per share of 0.14. 5,077 are owned by Syntal Cap Partners Lc.

07/14/2017 - Targa Resources, Inc. had its "outperform" rating reiterated by analysts at RBC Capital. VF Corp (NYSE:VFC) has declined 13.07% since August 10, 2016 and is downtrending. Tci Wealth Advsrs reported 5,450 shares or 0% of all its holdings. Blackrock Inc owns 333,228 shares. Brown Advisory has invested 0% in Rollins, Inc. New York-based Art Ltd has invested 0.14% in Targa Resources Corp (NYSE:TRGP). 5,493 are owned by National Asset Management Incorporated. Texas Yale Capital Corporation accumulated 3,579 shares. Winslow Evans & Crocker holds 0% or 708 shares in its portfolio. Manning & Napier Ltd Liability Company invested 0.04% in VF Corp (NYSE:VFC).

Since February 14, 2017, it had 1 insider purchase, and 5 insider sales for $1.18 million activity. Middlebrooks Dan C had sold 2,597 shares worth $133,066. 11,288 shares valued at $574,706 were sold by MELOY MATTHEW J on Wednesday, May 10. For TRGP, analysts use beta value of 2.24 to measure all the time to get a sense of stocks' risk profiles and in same manners for second firm that has 1.48 times beta.

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