Bank of America Begins Coverage on Targa Resources (NYSE:TRGP)

Janus Henderson Group PLC now owns 1,090,734 shares of the pipeline company's stock valued at $49,301,000 after acquiring an additional 1,066,420 shares in the last quarter. About 823,636 shares traded.

Bank of America began coverage on shares of Targa Resources (NYSE:TRGP) in a research report sent to investors on Tuesday, January 9th, The Fly reports. It has outperformed by 1.72% the S&P500.

Clearbridge Llc increased its stake in Manhattan Assocs Inc (MANH) by 9.15% based on its latest 2017Q3 regulatory filing with the SEC. Texan Cap invested in 12,750 shares or 0.4% of the stock. Transcanada Corp now has $40.09B valuation. The stock increased 1.03% or $0.83 during the last trading session, reaching $81.75. It has underperformed by 15.28% 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. It also upped Tc Pipelines Lp (NYSE:TCP) stake by 251,245 shares and now owns 4.03 million shares. $7.19M worth of CVS Health Corporation (NYSE:CVS) was sold by Moriarty Thomas M on Monday, September 11. The insider Ludwig Eric R sold $152,738. The insider Foulkes Helena sold 39,340 shares worth $3.22 million. The company was downgraded on Friday, December 2 by Robert W. Baird. Therefore 44% are positive. Brooks Macdonald Group PLC had 87 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained the shares of TRGP in report on Tuesday, March 22 with "Buy" rating. (NYSE:TRGP) on Wednesday, November 4 with "Outperform" rating. Stifel Nicolaus has "Buy" rating and $5400 target. Parallax Volatility Advisers Lp reported 56 shares. The firm has "Hold" rating by Deutsche Bank given on Thursday, August 20. The rating was maintained by RBC Capital Markets on Sunday, October 29 with "Buy". 277.07 million shares or 5.12% more from 263.57 million shares in 2017Q2 were reported. On Friday, January 12 the stock rating was maintained by Jefferies with "Hold".

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Investors sentiment increased to 1.9 in 2017 Q3. Its down 0.07, from 1.53 in 2017Q2. It fall, as 66 investors sold GM shares while 322 reduced holdings. 61 funds opened positions while 84 raised stakes. 801.45 million shares or 0.31% less from 803.96 million shares in 2017Q2 were reported. Insiders own 1.93% of the company's stock. Globenewswire.com's article titled: "Targa Resources Corp.to Participate in US Capital Advisors Midstream ..." and published on January 22, 2018 is yet another important article. Daiwa Securities Gp holds 0% or 6,150 shares in its portfolio. Legal General Public Lc holds 924,376 shares or 0.03% of its portfolio. Gsa Cap Partners Ltd Liability Partnership has invested 0.04% in Glu Mobile Inc. Dubuque Comml Bank Tru invested in 5,717 shares or 0.05% of the stock. Barrow Hanley Mewhinney & Strauss Ltd owns 816 shares for 0% of their portfolio. Qci Asset Management New York accumulated 124 shares. BlackRock Inc. increased its holdings in Targa Resources by 13.3% during the 2nd quarter. Mirae Asset Glob Invs owns 45,956 shares for 0.04% of their portfolio. Targa Resources has a dividend payout ratio of -249.3% indicating that the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Investors sentiment decreased to 1.24 in Q3 2017. Stockholders of record on Thursday, February 1st will be issued a $0.91 dividend. It dropped, as 33 investors sold TRGP shares while 103 reduced holdings. Finally, Pacer Advisors Inc. raised its position in Targa Resources by 28.5% during the second quarter. The pipeline company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.10) by ($0.05). First Allied Advisory Serv holds 0.03% or 14,415 shares in its portfolio. (NYSE:TRGP). Caisse De Depot Et Placement Du Quebec accumulated 112,358 shares. Cornerstone Capital Mngmt Limited Co has invested 0.03% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 3,100 shares. Moreover, Guardian LP has 0.15% invested in Targa Resources Corp. (NYSE:TRGP). Price T Rowe Associates Inc Md, a Maryland-based fund reported 96,115 shares. (NASDAQ:MANH). Ny State Teachers Retirement Sys reported 121,404 shares. Stifel Nicolaus maintained Targa Resources Corp. (NYSE:TRGP) for 11,444 shares. Credit Suisse has "Neutral" rating and $33 target. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Therefore 63% are positive. Creative Planning's holdings in Targa Resources were worth $1,783,000 at the end of the most recent reporting period. 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. (NYSE:TRGP) has "Hold" rating given on Thursday, October 12 by BMO Capital Markets. The total amount of shares outstanding is 215.43 million, giving the company a market capitalization of about 10.77 billion. (NYSE:TRGP). Highlander Capital Management Ltd Llc has 0.05% invested in Targa Resources Corp. The stock has "Outperform" rating by Wells Fargo on Friday, October 13.

Targa Resources Corp.is a midstream energy company in North America. On Friday, February 26 the stock rating was maintained by Wunderlich with "Hold". The company was maintained on Monday, November 20 by Stifel Nicolaus. Also Globenewswire.com published the news titled: "Targa Resources Corp". The stock presently has a consensus rating of "Buy" and an average price target of $54.16. Citigroup has "Buy" rating and $32 target. The firm earned "Neutral" rating on Wednesday, April 5 by BNP Paribas. Guggenheim Capital Ltd Co accumulated 16,380 shares. First Mercantile Trust reported 18,801 shares stake.

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