Aspect Partners LLC Buys 130 Shares of Targa Resources Corp. (NYSE:TRGP)

Aspect Partners LLC lifted its stake in Targa Resources Corp. (NYSE:TRGP) by 144.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220 shares of the pipeline company’s stock after buying an additional 130 shares during the quarter. Aspect Partners LLC’s holdings in Targa Resources were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. DT Investment Partners LLC purchased a new position in shares of Targa Resources during the 3rd quarter valued at $29,000. Prospera Private Wealth LLC purchased a new position in shares of Targa Resources in the third quarter valued at about $35,000. Rosenberg Matthew Hamilton boosted its stake in shares of Targa Resources by 49.4% in the fourth quarter. Rosenberg Matthew Hamilton now owns 269 shares of the pipeline company’s stock worth $48,000 after acquiring an additional 89 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Targa Resources during the fourth quarter worth about $49,000. Finally, UMB Bank n.a. raised its stake in Targa Resources by 39.6% during the 4th quarter. UMB Bank n.a. now owns 374 shares of the pipeline company’s stock valued at $67,000 after purchasing an additional 106 shares during the period. 92.13% of the stock is owned by hedge funds and other institutional investors.

Targa Resources Stock Up 0.4 %

NYSE TRGP opened at $210.19 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 3.05. Targa Resources Corp. has a 52 week low of $95.28 and a 52 week high of $218.51. The firm has a market capitalization of $45.83 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 0.62 and a beta of 2.29. The company has a fifty day moving average of $194.72 and a two-hundred day moving average of $174.96.

Targa Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.75 per share. The ex-dividend date was Friday, January 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. Targa Resources’s dividend payout ratio is presently 54.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRGP shares. Barclays increased their price objective on shares of Targa Resources from $171.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Morgan Stanley raised their target price on shares of Targa Resources from $173.00 to $202.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their price target on shares of Targa Resources from $172.00 to $199.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Stifel Nicolaus raised their price objective on Targa Resources from $190.00 to $224.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their target price on Targa Resources from $190.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average 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.