Targa Resources Corp Q4 2016 Institutional Investor Sentiment Better Than Expected

Ivan Schwartz
July 17, 2017

Vanguard Group Inc. now owns 15,945,628 shares of the pipeline company's stock valued at $955,142,000 after buying an additional 1,693,292 shares during the period. The stock decreased 1.10% or $0.61 on July 14, reaching $54.99. BMO Capital Markets reiterated a hold rating and issued a $49.00 price objective on shares of Targa Resources in a research note on Monday, April 17th. It has underperformed by 32.49% the S&P500. Blackrock Advsr Lc reported 2.08 million shares or 0.22% of all its holdings. $1.50 million worth of Targa Resources Corp (NYSE:TRGP) was sold by WHALEN JAMES W on Wednesday, January 18. Arosa Capital Management Lp acquired 84,516 shares as Targa Res Corp (TRGP)'s stock declined 13.24%. Goldman Sachs Group Inc. now owns 14,347,747 shares of the pipeline company's stock valued at $859,430,000 after buying an additional 1,097,748 shares during the period.

Targa Resources Corp (NYSE:TRGP) institutional sentiment is 1.46 in Q4 2016. It has outperformed by 1.72% the S&P500.

Since January 18, 2017, it had 0 buys, and 10 insider sales for $8.92 million activity. 10,800 shares were sold by McParland Jeffrey J, worth $631,687. The insider Perkins Joe Bob sold 50,000 shares worth $3.00 million. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/07/17/glenmede-trust-co-na-continues-to-hold-position-in-targa-resources-inc-trgp-updated-updated.html. CRISP CHARLES R sold $434,046 worth of stock. 25,000 shares were sold by Heim Michael A, worth $1.50 million. 2,597 shares valued at $133,066 were sold by Middlebrooks Dan C on Tuesday, May 16.

Targa Resources, Inc. (TRGP) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 31.27 P/E and the sector P/E is 16.26. The stock's market capitalization is $9.06 billion. It provides midstream services.

As of the latest earnings report the EPS was $-2.39 and is expected to be $-0.77 for the current year with 198,105,000 shares presently outstanding. The Business's segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Therefore 78% are positive. Targa Resources had 52 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, April 5 with "Hold". The firm earned "Buy" rating on Thursday, January 14 by Jefferies.

11/03/2016 - Targa Resources, Inc. had its "outperform" rating reiterated by analysts at RBC Capital. As per Friday, February 26, the company rating was upgraded by Credit Suisse. Stifel Nicolaus maintained the stock with "Hold" rating in Thursday, February 16 report. The firm has "Hold" rating by Jefferies given on Friday, December 18. RBC Capital Markets maintained Mastercard Inc (NYSE:MA) rating on Monday, October 31. The firm has "Outperform" rating given on Friday, April 21 by Macquarie Research.

Investors sentiment is 1.46 in 2016 Q4. 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. 6,642 were accumulated by Toronto Dominion National Bank. Washington Bancorp invested in 17 shares. Moreover, Bamco Ny has 0.02% invested in Targa Resources Corp (NYSE:TRGP). The British Columbia - Canada-based British Columbia Investment Mngmt has invested 0.02% in Targa Resources Corp (NYSE:TRGP). Putnam Investments Llc owns 61,801 shares. Asset owns 181,939 shares. Mcf Advsr Lc holds 0.01% or 470 shares in its portfolio. Miller Howard Invs Inc New York reported 0.2% in Targa Resources Corp (NYSE:TRGP). Commonwealth Equity Svcs reported 30,213 shares.

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COPYRIGHT VIOLATION NOTICE: "Targa Resources, Inc". Manufacturers Life Insurance The holds 0% or 6,876 shares.

Analysts expect CyrusOne Inc (NASDAQ:CONE) to report $0.72 EPS on August, 7.They anticipate $0.05 EPS change or 7.46% from last quarter's $0.67 EPS. SKYW's profit would be $44.17M giving it 10.64 P/E if the $0.86 EPS is correct. World Asset Management reported 0.01% stake. Sumitomo Mitsui Trust Hldgs reported 459,871 shares stake. Heineken N V (HEINY) was raised too.

It is down 0.00% since July 13, 2016 and is.

Since January 1, 0001, it had 0 insider purchases, and 9 selling transactions for $11.59 million activity. It fall, as 112 investors sold WFC shares while 836 reduced holdings. 46 funds opened positions while 89 raised stakes. Denver Inv Limited Liability Company accumulated 0.08% or 33,494 shares. Cv Starr Tru has 189,100 shares. Becker Management holds 1.96% or 1.02M shares. Moreover, Oberweis Asset Management Inc has 3.16% invested in the company for 232,260 shares. Glob X Mgmt Com Ltd Limited Liability Company reported 313,553 shares.

About 20,058 shares traded. The Texas-based Chilton Capital Management Llc has invested 1.14% in the stock. About 1.02M shares traded. Bollard Ltd Co holds 2,476 shares or 0.01% of its portfolio.

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