First Capital Advisors Group LLC. Has $211,000 Holdings in Targa Resources Corp (TRGP)

First Capital Advisors Group LLC. raised its stake in Targa Resources Corp (NYSE:TRGP) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,860 shares of the pipeline company’s stock after buying an additional 1,426 shares during the quarter. First Capital Advisors Group LLC.’s holdings in Targa Resources were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TRGP. Lavaca Capital LLC acquired a new stake in shares of Targa Resources during the fourth quarter worth about $36,000. Enterprise Financial Services Corp raised its position in shares of Targa Resources by 36.3% during the fourth quarter. Enterprise Financial Services Corp now owns 1,202 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 320 shares during the period. Quadrant Capital Group LLC raised its position in shares of Targa Resources by 25.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,160 shares of the pipeline company’s stock worth $74,000 after purchasing an additional 442 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Targa Resources by 1,106.4% during the third quarter. Rehmann Capital Advisory Group now owns 6,647 shares of the pipeline company’s stock worth $118,000 after purchasing an additional 6,096 shares during the period. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of Targa Resources during the third quarter worth about $208,000. 93.12% of the stock is currently owned by hedge funds and other institutional investors.

TRGP stock opened at $47.71 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of -110.95 and a beta of 2.08. Targa Resources Corp has a twelve month low of $33.55 and a twelve month high of $59.21.

The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $3.64 dividend on an annualized basis and a yield of 7.63%. Targa Resources’s dividend payout ratio is -846.51%.

A number of equities research analysts recently issued reports on the company. Evercore ISI assumed coverage on Targa Resources in a research report on Tuesday, February 5th. They issued a $46.00 target price on the stock. ValuEngine lowered Targa Resources from a “buy” rating to a “hold” rating in a research report on Friday, November 23rd. Zacks Investment Research lowered Targa Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 12th. Bank of America raised Targa Resources from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, October 25th. They noted that the move was a valuation call. Finally, Credit Suisse Group raised Targa Resources from a “neutral” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Targa Resources currently has an average rating of “Buy” and an average price target of $56.29.

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Targa Resources Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Marketing. The company engages in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products.

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Institutional Ownership by Quarter for Targa Resources (NYSE:TRGP)

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