Values First Advisors Inc. Sells 1,378 Shares of Targa Resources Corp. (NYSE:TRGP)

Values First Advisors Inc. reduced its stake in shares of Targa Resources Corp. (NYSE:TRGP) by 35.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,512 shares of the pipeline company’s stock after selling 1,378 shares during the period. Values First Advisors Inc.’s holdings in Targa Resources were worth $448,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. DT Investment Partners LLC bought a new stake in shares of Targa Resources in the third quarter valued at about $29,000. Prospera Private Wealth LLC acquired a new stake in Targa Resources in the 3rd quarter valued at approximately $35,000. Rosenberg Matthew Hamilton lifted its stake in Targa Resources by 49.4% in the 4th quarter. Rosenberg Matthew Hamilton now owns 269 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 89 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in Targa Resources during the 4th quarter worth approximately $49,000. Finally, UMB Bank n.a. grew its stake in shares of Targa Resources by 39.6% during the 4th quarter. UMB Bank n.a. now owns 374 shares of the pipeline company’s stock worth $67,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Targa Resources Stock Performance

Shares of NYSE TRGP opened at $200.57 on Thursday. Targa Resources Corp. has a 12 month low of $87.44 and a 12 month high of $218.51. The company has a market capitalization of $43.74 billion, a P/E ratio of 36.27, a P/E/G ratio of 0.59 and a beta of 2.29. The stock has a 50 day moving average of $193.42 and a 200-day moving average of $172.45. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 3.05.

Targa Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.00 dividend on an annualized basis and a yield of 1.50%. Targa Resources’s dividend payout ratio (DPR) is currently 54.25%.

Analyst Ratings Changes

TRGP has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on shares of Targa Resources from $190.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Scotiabank started coverage on shares of Targa Resources in a research report on Friday, January 10th. They set a “sector outperform” rating and a $218.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of Targa Resources from $185.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Truist Financial lowered their target price on Targa Resources from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, UBS Group increased their price target on Targa Resources from $182.00 to $246.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $189.21.

Targa Resources Profile

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