Targa Resources Corp Company Profile (NYSE:TRGP)

About Targa Resources Corp

Targa Resources Corp logoTarga Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Partnership operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division has two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets, and Marketing and Distribution.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: Oil & Gas Storage & Transportation
  • Exchange: NYSE
  • Symbol: TRGP
  • CUSIP: 87612G10
Key Metrics:
  • Previous Close: $56.23
  • 50 Day Moving Average: $58.85
  • 200 Day Moving Average: $51.19
  • 52-Week Range: $20.81 - $61.83
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 244.48
  • P/E Growth: -10.07
  • Market Cap: $10.17B
  • Outstanding Shares: 180,827,000
  • Beta: 2.07
Profitability:
  • Net Margins: -0.15%
  • Return on Equity: 0.24%
  • Return on Assets: 0.11%
Debt:
  • Debt-to-Equity Ratio: 0.80%
  • Current Ratio: 1.03%
  • Quick Ratio: 0.87%
Additional Links:
Companies Related to Targa Resources Corp:

Analyst Ratings

Consensus Ratings for Targa Resources Corp (NYSE:TRGP) (?)
Ratings Breakdown: 8 Hold Ratings, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $49.77 (11.49% downside)

Analysts' Ratings History for Targa Resources Corp (NYSE:TRGP)
Show:
DateFirmActionRatingPrice TargetDetails
2/16/2017Stifel NicolausBoost Price TargetHold$52.00 -> $64.00View Rating Details
2/14/2017Seaport Global SecuritiesReiterated RatingNeutralView Rating Details
2/1/2017Robert W. BairdReiterated RatingOutperform$55.00 -> $65.00View Rating Details
1/24/2017Credit Suisse GroupBoost Price TargetNeutral$57.00 -> $65.00View Rating Details
1/12/2017Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$62.00View Rating Details
11/3/2016RBC Capital MarketsReiterated RatingOutperform$46.00 -> $52.00View Rating Details
11/3/2016Royal Bank Of CanadaBoost Price TargetOutperform$46.00 -> $52.00View Rating Details
9/27/2016Barclays PLCUpgradeEqual Weight -> Overweight$47.00 -> $55.00View Rating Details
9/19/2016Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$41.00 -> $52.00View Rating Details
9/15/2016Evercore ISIInitiated CoverageHold$45.00View Rating Details
8/31/2016WunderlichBoost Price TargetHold$44.00 -> $45.00View Rating Details
6/16/2016J P Morgan Chase & CoReiterated RatingHoldView Rating Details
6/8/2016Jefferies Group LLCDowngradeBuy -> Hold$34.00 -> $45.00View Rating Details
5/18/2016Citigroup Inc.Reiterated RatingBuyView Rating Details
5/2/2016Capital One Financial CorporationUpgradeEqual Weight -> Overweight$33.00 -> $44.00View Rating Details
4/19/2016BMO Capital MarketsInitiated CoverageMarket Perform$30.00View Rating Details
3/18/2015Wells Fargo & CompanyInitiated CoverageMarket PerformView Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Targa Resources Corp (NYSE:TRGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/2017        
2/25/2016Q4$0.48$0.48ViewListenView Earnings Details
11/3/2015Q3$0.52$0.23$1.82 billionViewN/AView Earnings Details
8/4/2015Q2$0.63$0.27ViewN/AView Earnings Details
5/5/2015Q115$0.63$0.55$1.42 billion$1.68 millionViewN/AView Earnings Details
2/13/2015Q414$0.65$0.58$1.85 billion$2.03 billionViewN/AView Earnings Details
11/4/2014Q314$0.65$0.73$1.98 billionViewN/AView Earnings Details
8/1/2014Q214$0.61$0.63$2.06 billion$2.06 millionViewN/AView Earnings Details
5/1/2014Q212$0.62$0.47$1.99 billion$1.99 billionViewN/AView Earnings Details
2/13/2014Q4$0.50$0.48ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Targa Resources Corp (NYSE:TRGP)
Current Year EPS Consensus Estimate: $-0.52 EPS
Next Year EPS Consensus Estimate: $0.23 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.23$0.23$0.23
Q2 20161$0.25$0.25$0.25
Q3 20161$0.37$0.37$0.37
Q4 20161$0.39$0.39$0.39
Q1 20171$0.32$0.32$0.32
Q2 20171$0.38$0.38$0.38
Q3 20171$0.44$0.44$0.44
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Targa Resources Corp (NYSE:TRGP)
Annual Dividend:$3.64
Dividend Yield:6.47%
Dividend Growth:21.00% (3 Year Average)
Payout Ratio:-2,599.81% (Based on Trailing 12 Months of Earnings)
-700.00% (Based on Current Year Consensus EPS Estimate)
1,582.61% (Based on Next Year Consensus EPS Estimate)
Track Record:6 Years of Consecutive Dividend Growth

Dividend History for Targa Resources Corp (NYSE:TRGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/19/2017quarterly$0.916.06%1/30/20172/1/20172/15/2017
10/19/2016quarterly$0.917.62%10/31/201611/2/201611/15/2016
7/19/2016quarterly$0.918.73%7/29/20168/2/20168/15/2016
4/20/2016quarterly$0.919.47%4/29/20165/3/20165/16/2016
1/19/2016quarterly$0.9119.42%1/29/20162/2/20162/9/2016
10/20/2015quarterly$0.915.98%10/29/201511/2/201511/16/2015
7/21/2015quarterly$0.884.1%7/30/20158/3/20158/17/2015
4/21/2015quarterly$0.833.15%4/30/20155/4/20155/18/2015
1/21/2015quarterly$0.783.4%1/29/20152/2/20152/17/2015
10/23/2014quarterly$0.732.17%10/30/201411/3/201411/17/2014
7/15/2014quarterly$0.691.98%7/24/20147/28/20148/15/2014
4/15/2014quarterly$0.652.43%4/24/20144/28/20145/16/2014
1/14/2014quarterly$0.612.73%1/23/20141/27/20142/18/2014
10/21/2013quarterly$0.572.9%10/29/201310/31/201311/15/2013
7/16/2013quarterly$0.533.14%7/25/20137/29/20138/15/2013
4/16/2013quarterly$0.503.01%4/25/20134/29/20135/16/2013
1/15/2013quarterly$0.463.13%1/24/20131/28/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Targa Resources Corp (NYSE:TRGP)
Insider Ownership Percentage: 3.00%
Institutional Ownership Percentage: 76.97%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/3/2017Jeffrey J McparlandInsiderSell10,800$58.49$631,692.00View SEC Filing  
1/20/2017Jeffrey J McparlandInsiderSell9,600$60.07$576,672.00View SEC Filing  
1/20/2017Joe Bob PerkinsCEOSell50,000$60.09$3,004,500.00View SEC Filing  
1/18/2017Michael A HeimVice ChairmanSell25,000$60.00$1,500,000.00View SEC Filing  
12/20/2016Jeffrey J McparlandInsiderSell8,300$56.38$467,954.00View SEC Filing  
12/13/2016Jeffrey J McparlandInsiderSell100$55.00$5,500.00View SEC Filing  
11/17/2016Jeffrey J McparlandInsiderSell3,800$50.12$190,456.00View SEC Filing  
11/9/2016Dan C MiddlebrooksInsiderSell2,000$47.92$95,840.00View SEC Filing  
11/9/2016Paul W ChungEVPSell9,300$47.15$438,495.00View SEC Filing  
11/8/2016Michael A HeimVice ChairmanSell66,248$46.35$3,070,594.80View SEC Filing  
11/8/2016Paul W ChungEVPSell3,100$47.17$146,227.00View SEC Filing  
11/7/2016Charles R CrispDirectorSell10,000$46.13$461,300.00View SEC Filing  
11/7/2016Michael A HeimVice ChairmanSell24,148$45.67$1,102,839.16View SEC Filing  
11/7/2016Paul W ChungEVPSell3,100$46.22$143,282.00View SEC Filing  
11/2/2016Jeffrey J McparlandInsiderSell7,200$45.58$328,176.00View SEC Filing  
10/10/2016Jeffrey J McparlandInsiderSell1,800$50.09$90,162.00View SEC Filing  
10/10/2016Joe Bob PerkinsCEOSell8,984$50.13$450,367.92View SEC Filing  
10/3/2016Jeffrey J McparlandInsiderSell7,200$48.86$351,792.00View SEC Filing  
9/29/2016Jeffrey J McparlandInsiderSell100$50.00$5,000.00View SEC Filing  
9/29/2016Joe Bob PerkinsCEOSell1,405$50.03$70,292.15View SEC Filing  
9/28/2016Jeffrey J McparlandInsiderSell100$50.00$5,000.00View SEC Filing  
9/22/2016Jeffrey J McparlandInsiderSell1,000$50.34$50,340.00View SEC Filing  
9/22/2016Joe Bob PerkinsCEOSell7,843$50.45$395,679.35View SEC Filing  
9/6/2016Jeffrey J McparlandInsiderSell25,100$45.50$1,142,050.00View SEC Filing  
7/27/2016D. Scott PryorInsiderSell7,500$37.66$282,450.00View SEC Filing  
7/12/2016Jeffrey J McparlandInsiderSell3,700$45.13$166,981.00View SEC Filing  
6/13/2016James W WhalenInsiderSell25,000$40.00$1,000,000.00View SEC Filing  
5/12/2016Paul W ChungEVPSell20,640$42.01$867,086.40View SEC Filing  
5/12/2016Rene R JoyceDirectorSell75,091$41.87$3,144,060.17View SEC Filing  
1/16/2015Joe Bob PerkinsCEOSell25,000$87.28$2,182,000.00View SEC Filing  
10/14/2014Joe Bob PerkinsCEOSell25,000$113.05$2,826,250.00View SEC Filing  
9/16/2014Charles R CrispDirectorSell12,000$139.39$1,672,680.00View SEC Filing  
7/11/2014Joe Bob PerkinsCEOSell25,000$137.86$3,446,500.00View SEC Filing  
4/11/2014Joe Bob PerkinsCEOSell25,000$103.65$2,591,250.00View SEC Filing  
4/2/2014Charles CrispDirectorSell12,000$104.13$1,249,560.00View SEC Filing  
4/1/2014James WhalenCEOSell23,000$100.00$2,300,000.00View SEC Filing  
3/25/2014James WhalenCEOSell23,000$97.88$2,251,240.00View SEC Filing  
2/28/2014John Robert SpargerCAOSell15,000$97.31$1,459,650.00View SEC Filing  
2/27/2014Michael HeimCOOSell13,054$97.16$1,268,326.64View SEC Filing  
2/24/2014Jeffrey McparlandInsiderSell40,000$96.29$3,851,600.00View SEC Filing  
2/20/2014Matthew MeloyCFOSell15,459$96.07$1,485,146.13View SEC Filing  
8/9/2012Jeffrey J McparlandInsiderSell257,874$44.68$11,521,810.32View SEC Filing  
8/9/2012Matthew J MeloyCFOSell4,000$44.32$177,280.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Targa Resources Corp (NYSE:TRGP)
DateHeadline
globenewswire.com logoTarga Resources Partners LP Announces 2016 Schedules K-1 Available - GlobeNewswire (press release) (NYSE:TRGP)
globenewswire.com - February 23 at 10:25 PM
News IconAnalyst's Proposition on Digital Realty Trust, Inc. (DLR), Targa Resources Corp. (TRGP) - The USA Commerce (NYSE:TRGP)
theusacommerce.com - February 23 at 10:25 PM
capitalcube.com logoTarga Resources Corp. breached its 50 day moving average in a Bearish Manner : TRGP-US : February 23, 2017 (NYSE:TRGP)
www.capitalcube.com - February 23 at 10:25 PM
finance.yahoo.com logoTarga Resources Partners LP Announces 2016 Schedules K-1 Available (NYSE:TRGP)
finance.yahoo.com - February 22 at 9:15 PM
News IconThe Robert W. Baird Reaffirms Outperform Rating for Targa Resources, Inc. (TRGP) (NYSE:TRGP)
latribunadecanarias.com - February 22 at 10:25 AM
News IconTarga Resources Corp (TRGP) Position Boosted by Asset Management One Co. Ltd. (NYSE:TRGP)
hoyentv.com - February 22 at 10:25 AM
News IconWhich way Targa Resources Corp. (NYSE:TRGP) earning numbers may go (NYSE:TRGP)
www.graffiotech.com - February 22 at 10:25 AM
biz.yahoo.com logoTARGA RESOURCES CORP. Files SEC form 10-K, Annual Report (NYSE:TRGP)
biz.yahoo.com - February 21 at 4:39 PM
marketrealist.com logoA Look at Which Segment Could Drive ONEOK’s 4Q16 Earnings Growth (NYSE:TRGP)
marketrealist.com - February 21 at 4:39 PM
News IconAre Analysts Optimistic About Where Targa Resources, Inc. (NYSE:TRGP) is Heading? - Winfield Review (NYSE:TRGP)
winfieldreview.com - February 18 at 9:14 AM
capitalcube.com logoTarga Resources Corp. :TRGP-US: Earnings Analysis: 2016 By the Numbers : February 17, 2017 (NYSE:TRGP)
www.capitalcube.com - February 17 at 6:59 PM
News IconStifel Just Issued "Hold" Rating on Targa Resources Corp (TRGP) (NYSE:TRGP)
ekosvoice.com - February 16 at 8:09 PM
News IconStifel Just Issued "Hold" Rating on Targa Resources Corp (TRGP) (NYSE:TRGP)
ekosvoice.com - February 16 at 8:09 PM
us.rd.yahoo.com logoTarga Resources Corp. Reports Fourth Quarter and Full Year 2016 Financial Results and Provides 2017 Operational and Financial Guidance (NYSE:TRGP)
us.rd.yahoo.com - February 16 at 8:09 PM
biz.yahoo.com logoQ4 2016 Targa Resources Corp Earnings Release - Before Market Open (NYSE:TRGP)
us.rd.yahoo.com - February 16 at 8:09 PM
us.rd.yahoo.com logoEdited Transcript of TRGP earnings conference call or presentation 15-Feb-17 3:00pm GMT (NYSE:TRGP)
us.rd.yahoo.com - February 16 at 8:09 PM
capitalcube.com logoTarga Resources Corp. :TRGP-US: Earnings Analysis: Q4, 2016 By the Numbers : February 16, 2017 (NYSE:TRGP)
us.rd.yahoo.com - February 16 at 8:09 PM
seekingalpha.com logoTarga Resources beats on revenue (NYSE:TRGP)
seekingalpha.com - February 15 at 7:17 AM
News IconWhat is the Fate of Targa Resources Corp. (NYSE:TRGP) After Earnings? (NYSE:TRGP)
graffiotech.com - February 14 at 6:38 AM
News IconToday's Brokerage Rating: Targa Resources Corp. (TRGP), Ross ... - StockNewsJournal (NYSE:TRGP)
stocknewsjournal.com - February 11 at 5:45 AM
News IconForward Earnings Estimate of Targa Resources, Inc.(TRGP) - Highland Mirror (NYSE:TRGP)
www.highlandmirror.com - February 11 at 5:45 AM
News IconSell-Side Analyst's Predictions: Norfolk Southern Corporation (NSC), Targa Resources Corp. (TRGP) - The USA Commerce (NYSE:TRGP)
theusacommerce.com - February 9 at 6:15 AM
realistinvestor.com logoTarga Resources, Inc. (NYSE:TRGP) Is Expected To Post EPS Of $0.44 - RealistInvestor.com (NYSE:TRGP)
www.realistinvestor.com - February 6 at 10:35 PM
realistinvestor.com logoTarga Resources, Inc. (NYSE:TRGP) EPS Projection At $0.44 - RealistInvestor.com (NYSE:TRGP)
www.realistinvestor.com - January 31 at 5:40 AM
News IconTarga Resources Corp (TRGP) Holder Chickasaw Capital Management LLC Has Decreased Stake as Stock Price Rose (NYSE:TRGP)
randolphguide.com - January 28 at 7:07 AM
feeds.benzinga.com logoTarga Resources Corp. Announces Timing of Fourth Quarter Earnings Release and Conference Call (NYSE:TRGP)
feeds.benzinga.com - January 27 at 5:28 PM
bizjournals.com logoDeals of the Week: Houston midstream companies make $1B deals to buy Permian assets (NYSE:TRGP)
www.bizjournals.com - January 27 at 6:19 AM
nasdaq.com logoCash Dividend On The Way From Targa Resources (TRGP) (NYSE:TRGP)
www.nasdaq.com - January 27 at 6:19 AM
News IconEarnings in Full Force, Analysts Take Aim at Targa Resources, Inc. (NYSE:TRGP) - Wall Street Beacon (NYSE:TRGP)
wsbeacon.com - January 26 at 6:25 AM
biz.yahoo.com logoTARGA RESOURCES CORP. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibit (NYSE:TRGP)
biz.yahoo.com - January 26 at 6:25 AM
News IconActive Wrathful Watching Stock: TerraForm Global (NASDAQ:GLBL), Targa Resources (NYSE:TRGP) - Street Wise Report (press release) (blog) (NYSE:TRGP)
streetwisereport.com - January 25 at 7:39 AM
bizjournals.com logoHouston-based energy company could pay more than $1B for Permian assets - Houston Business Journal (NYSE:TRGP)
www.bizjournals.com - January 25 at 7:39 AM
News IconAre Analysts Predicting a Near-Term Upswing For Targa Resources, Inc. (NYSE:TRGP)? - Wall Street Beacon (NYSE:TRGP)
wsbeacon.com - January 25 at 7:39 AM
News IconStock Backsliding Ahead of the Bell: Targa Resources Corp. (NYSE:TRGP) - Aiken Advocate (NYSE:TRGP)
aikenadvocate.com - January 24 at 8:54 AM
News IconStock Touches New High Post-Inauguration: Targa Resources Corp. (NYSE:TRGP) - Wall Street Beacon (NYSE:TRGP)
wsbeacon.com - January 24 at 8:54 AM
streetinsider.com logoTarga Resources (TRGP) to Offer 7M Shares of Common Stock - StreetInsider.com (NYSE:TRGP)
www.streetinsider.com - January 24 at 8:54 AM
streetinsider.com logoTarga Resources (TRGP) PT Raised to $65 at Credit Suisse - StreetInsider.com (NYSE:TRGP)
www.streetinsider.com - January 24 at 8:54 AM
streetinsider.com logoTarga Resources (TRGP) to Pay $565M to Acquire Delaware and Midland Basin Assets - StreetInsider.com (NYSE:TRGP)
www.streetinsider.com - January 24 at 8:54 AM
finance.yahoo.com logoBlog Coverage Targa Resources Announced Takeover of Outrigger; Plans to Bank on the Oil-rich Permian Basin (NYSE:TRGP)
finance.yahoo.com - January 24 at 8:54 AM
nasdaq.com logoTarga Resources Acquisition Conference Call At 10 :00 AM ET (NYSE:TRGP)
www.nasdaq.com - January 24 at 12:17 AM
streetinsider.com logoTarga Resources (TRGP) to Pay $565M to Acquire Delaware and Midland Basin Assets (NYSE:TRGP)
www.streetinsider.com - January 24 at 12:17 AM
seekingalpha.com logoTarga Resources prices upsized 8M-share offering at $57.65; shares halted (NYSE:TRGP)
seekingalpha.com - January 24 at 12:17 AM
us.rd.yahoo.com logoTarga Resources Corp. Expands Premier Permian Footprint with Acquisition of Delaware and Midland Basin Assets and will Host a Conference Call (NYSE:TRGP)
us.rd.yahoo.com - January 24 at 12:17 AM
us.rd.yahoo.com logo5:14 am Targa Resources acquires Delaware and Midland Basin Assets for $565 mln; expected to be accretive to distributable cash flow (NYSE:TRGP)
us.rd.yahoo.com - January 24 at 12:17 AM
biz.yahoo.com logoTARGA RESOURCES CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Results of Operations and Finan (NYSE:TRGP)
us.rd.yahoo.com - January 24 at 12:17 AM
us.rd.yahoo.com logoTarga Resources Corp. Commences Public Offering of Common Stock (NYSE:TRGP)
us.rd.yahoo.com - January 24 at 12:17 AM
finance.yahoo.com logoTarga Resources Corp. to Attend USCA Corporate Access Day (NYSE:TRGP)
finance.yahoo.com - January 24 at 12:17 AM
seekingalpha.com logoTarga Resources buys Permian Basin gathering assets for $565M (NYSE:TRGP)
seekingalpha.com - January 23 at 7:52 AM
feeds.reuters.com logoBRIEF-Targa Resources commences public offering of common stock (NYSE:TRGP)
feeds.reuters.com - January 23 at 7:52 AM
News IconWall Street Holds Inauguration Gains, How Did This Stock Fare: Targa Resources Corp. (NYSE:TRGP) - Wall Street Beacon (NYSE:TRGP)
wsbeacon.com - January 22 at 1:14 AM

Social

What is Targa Resources Corp's stock symbol?

Targa Resources Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRGP."

How often does Targa Resources Corp pay dividends? What is the dividend yield for Targa Resources Corp?

Targa Resources Corp declared a quarterly dividend on Thursday, January 19th. Investors of record on Wednesday, February 1st will be given a dividend of $0.91 per share on Wednesday, February 15th. This represents a $3.64 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Monday, January 30th.

Where is Targa Resources Corp's stock going? Where will Targa Resources Corp's stock price be in 2017?

16 equities research analysts have issued twelve-month price objectives for Targa Resources Corp's stock. Their forecasts range from $30.00 to $65.00. On average, they expect Targa Resources Corp's share price to reach $49.77 in the next twelve months.

When will Targa Resources Corp announce their earnings?

Targa Resources Corp is scheduled to release their next quarterly earnings announcement on Thursday, February, 23rd 2017.

What are analysts saying about Targa Resources Corp stock?

Here are some recent quotes from research analysts about Targa Resources Corp stock:

  • Credit Suisse Group analysts commented, " In our view, Targa's acquisition of Outrigger's Midland and Delaware assets checks all the requisite boxes including price, location and connectivity with the added bonus of flexible earn-out provisions. By our math (Figure 2 in the full report) the acquisition entails an effective (including the first earn-out payment) 2017 EBITDA multiple of 12.0x, falling to ~7.6x by 2020. Locking the earn-out provisions to pre-determined multiples means the deal only gets more accretive for TRGP as it approaches the $1.5B total consideration ceiling. Utilizing relatively conservative performance and margin assumptions, our analysis suggests a total consideration of $824mm and ~2-4% DCF accretion through 2020. We also liked the almost exclusive equity financing of the deal which not only protects the balance sheet but lowers our leverage forecast post-2017 (2017-2019 consolidated leverage goes to 4.0x, 3.8x, 3.6x from 3.9x, 3.8x, 3.9x)." (1/24/2017)
  • According to Zacks Investment Research, "Targa Resources Corp owns general and limited partner interests in Targa Resources Partners LP, engaged in providing midstream natural gas and natural gas liquid services in the United States. The Company operates its business through two business segments: Natural Gas Gathering and Processing and NGL Logistics and Marketing. The Natural Gas Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids and removing impurities. NGL Logistics and Marketing segment is engaged in gathering and storing; fractionating, storing, and transporting of finished NGLs. Targa also markets the natural gas liquids produced and purchased in selected United States markets. The Company also offers refinery services and wholesale propane marketing operations. Targa Resources Corp is headquartered in Houston, Texas. " (7/26/2016)

Who owns Targa Resources Corp stock?

Targa Resources Corp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Stonepeak GP Investors Manager LLC (4.22%), State Street Corp (1.75%), Advisory Research Inc. (1.45%), FMR LLC (1.10%), Dimensional Fund Advisors LP (1.04%) and RR Advisors LLC (0.59%). Company insiders that own Targa Resources Corp stock include Charles R Crisp, D Scott Pryor, Dan C Middlebrooks, James W Whalen, Jeffrey J Mcparland, Joe Bob Perkins, Michael A Heim, Paul W Chung and Rene R Joyce.

Who sold Targa Resources Corp stock? Who is selling Targa Resources Corp stock?

Targa Resources Corp's stock was sold by a variety of institutional investors in the last quarter, including Tide Point Capital Management LP, Systematic Financial Management LP, Caxton Associates LP, FMR LLC, Highland Capital Management LP, Westwood Holdings Group Inc., Dimensional Fund Advisors LP and Putnam Investments LLC. Company insiders that have sold Targa Resources Corp stock in the last year include Charles R Crisp, D Scott Pryor, Dan C Middlebrooks, James W Whalen, Jeffrey J Mcparland, Joe Bob Perkins, Michael A Heim, Paul W Chung and Rene R Joyce.

Who bought Targa Resources Corp stock? Who is buying Targa Resources Corp stock?

Targa Resources Corp's stock was purchased by a variety of institutional investors in the last quarter, including Stonepeak GP Investors Manager LLC, State Street Corp, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Energy Income Partners LLC, Russell Investments Group Ltd., Asset Management One Co. Ltd., Discovery Capital Management LLC CT and RR Advisors LLC.

How do I buy Targa Resources Corp stock?

Shares of Targa Resources Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Targa Resources Corp stock cost?

One share of Targa Resources Corp stock can currently be purchased for approximately $56.23.

Targa Resources Corp (NYSE:TRGP) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

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

Earnings History Chart

Earnings by Quarter for Targa Resources Corp (NYSE:TRGP)

Dividend History Chart

Dividend Payments by Quarter for Targa Resources Corp (NYSE:TRGP)

Last Updated on 2/24/2017 by MarketBeat.com Staff