Economy

Targa Resources Corp (TRGP) Plans Quarterly Dividend of $0.91

Targa Resources Corp (TRGP) Plans Quarterly Dividend of $0.91

Finally, Neuberger Berman Group LLC increased its stake in shares of Targa Resources by 15.2% in the third quarter.

The stock decreased 1.56% or $0.79 during the last trading session, reaching $50. NRG Energy, Inc. (NYSE:NRG) has risen 1.42% since January 26, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Chickasaw Capital Management Llc increased its stake in Targa Resources Corp (TRGP) by 4.32% based on its latest 2017Q3 regulatory filing with the SEC. The legal version of this piece can be accessed at https://www.truebluetribune.com/2018/01/25/creative-planning-sells-6131-shares-of-targa-resources-corp-trgp.html. The institutional investor held 413,211 shares of the public utilities company at the end of 2017Q3, valued at $19.55M, down from 575,274 at the end of the previous reported quarter. Targa Res Corp now has $10.76B valuation. The stock increased 1.26% or $0.485 during the last trading session, reaching $38.845. About 936,425 shares traded. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since January 25, 2017 and is uptrending. It has outperformed by 1.72% the S&P500.

Benjamin F Edwards & Company Inc, which manages about $3.12B and $831.52M US Long portfolio, decreased its stake in Ishares Tr (IWD) by 4,499 shares to 3,575 shares, valued at $424,000 in 2017Q3, according to the filing. Targa Resources had a negative net margin of 4.68% and a negative return on equity of 0.52%. equities research analysts anticipate that Targa Resources Corp will post -1.49 EPS for the current year. Therefore 63% are positive. Barclays upgraded shares of Targa Resources from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $50.00 to $58.00 in a research note on Wednesday, January 17th. The rating was maintained by RBC Capital Markets on Sunday, October 29 with "Buy". (NYSE:TRGP) has "Hold" rating given on Thursday, October 12 by BMO Capital Markets. The rating was maintained by RBC Capital Markets with "Buy" on Monday, September 25. UBS AG reaffirmed a "buy" rating and set a $65.00 target price (down previously from $68.00) on shares of Targa Resources in a research note on Tuesday, May 30th. The rating was upgraded by Jefferies on Thursday, January 14 to "Buy". As per Friday, December 18, the company rating was upgraded by Jefferies. The firm has "Hold" rating by Wunderlich given on Friday, February 26.

Among 8 analysts covering Brooks Macdonald Group PLC (LON:BRK), 5 have Buy rating, 0 Sell and 3 Hold.

Investors of record on Thursday, February 1st will be paid a $0.91 dividend. It worsened, as 33 investors sold TRGP shares while 103 reduced holdings.

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A number of other hedge funds also recently added to or reduced their stakes in the company. (TRGP) most recent 13F filing, the company has 45 new institutional holders - accounting for 2.28 million shares of its common stock. Private Trust Co. NA raised its position in Targa Resources by 0.7% in the first quarter. Finally, State Street Corp grew its holdings in shares of Targa Resources by 12.9% during the second quarter. (NYSE:NRG). Voloridge Investment Mngmt Ltd Liability Co has invested 0.54% in NRG Energy, Inc. DnB Asset Management AS now owns 16,100 shares of the pipeline company's stock valued at $964,000 after buying an additional 4,100 shares during the period. Pub Employees Retirement Association Of Colorado owns 36,178 shares for 0.01% of their portfolio. Metropolitan Life Ny has invested 0.07% in Targa Resources Corp. (NYSE:TRGP). Tph Asset Ltd owns 2.57% invested in Targa Resources Corp. BlackRock Inc. increased its holdings in Targa Resources by 13.3% during the 2nd quarter. 801.45 million shares or 0.31% less from 803.96 million shares in 2017Q2 were reported. (NYSE:TRGP). Soros Fund Ltd owns 216,430 shares or 0.24% of their USA portfolio. Peak6 Invests Ltd Partnership, Illinois-based fund reported 47,227 shares.

The most recent non open market insider trade was completed by MELOY MATTHEW J on 01/17/2018, and was a acquisition of 34,785 shares with a final price of $0.

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $93,874 activity.

Investors sentiment decreased to 1.46 in Q3 2017. Its down 0.04, from 0.92 in 2017Q2. 61 funds opened positions while 84 raised stakes. Shine Invest Advisory Inc owns 0.06% invested in Targa Resources Corp. Meeder Asset Management holds 0.02% in Forward Air Corporation (NASDAQ:FWRD) or 3,385 shares.

Btg Pactual Global Asset Management Ltd, which manages about $313.47 million US Long portfolio, decreased its stake in Altaba Inc by 228,010 shares to 118,845 shares, valued at $7.87M in 2017Q3, according to the filing. Moreover, First Quadrant Limited Partnership Ca has 0.01% invested in Manhattan Associates, Inc. (NASDAQ:GLUU) for 59,524 shares. (NYSE:TRGP) for 3,994 shares. Jefferies maintained the shares of CVS in report on Wednesday, August 16 with "Hold" rating. Cs Mckee L P invested 0.15% in Forward Air Corporation (NASDAQ:FWRD). Amp Invsts stated it has 96,528 shares or 0.03% of all its holdings. Advsr Cap Limited Liability stated it has 201,981 shares or 0.77% of all its holdings. (NASDAQ:MANH) for 272,768 shares. Spectrum Asset Management Inc (Nb Ca) stated it has 0.24% of its portfolio in General Motors Company (NYSE:GM). Daiwa Securities Gp holds 0% or 6,150 shares in its portfolio. (NASDAQ:MANH) or 6,703 shares. This represents a $3.64 dividend on an annualized basis and a dividend yield of 7.28%. Therefore 72% are positive. Forward Air had 27 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has "Outperform" rating by Wells Fargo on Friday, October 13. Robert W. Baird maintained the stock with "Buy" rating in Tuesday, June 13 report. The rating was downgraded by Raymond James on Monday, January 9 to "Mkt Perform". The stock has "Sell" rating by Berenberg on Tuesday, November 22. The stock has "Buy" rating by SunTrust on Wednesday, November 15. (NYSE:TRGP) on Wednesday, August 31 with "Hold" rating.

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