Savant Capital LLC Has $447,000 Holdings in Targa Resources Corp. (NYSE:TRGP)

Savant Capital LLC lifted its position in shares of Targa Resources Corp. (NYSE:TRGP) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,505 shares of the pipeline company’s stock after buying an additional 125 shares during the quarter. Savant Capital LLC’s holdings in Targa Resources were worth $447,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TRGP. DT Investment Partners LLC acquired a new stake in shares of Targa Resources during the third quarter worth $29,000. Prospera Private Wealth LLC acquired a new stake in shares of Targa Resources during the third quarter worth $35,000. Rosenberg Matthew Hamilton increased its position in shares of Targa Resources by 49.4% during the fourth quarter. Rosenberg Matthew Hamilton now owns 269 shares of the pipeline company’s stock worth $48,000 after buying an additional 89 shares during the period. UMB Bank n.a. increased its position in shares of Targa Resources by 39.6% during the fourth quarter. UMB Bank n.a. now owns 374 shares of the pipeline company’s stock worth $67,000 after buying an additional 106 shares during the period. Finally, Huntington National Bank boosted its stake in Targa Resources by 22.9% during the third quarter. Huntington National Bank now owns 478 shares of the pipeline company’s stock worth $71,000 after acquiring an additional 89 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Targa Resources Stock Up 0.5 %

Targa Resources stock opened at $205.51 on Monday. Targa Resources Corp. has a 1-year low of $88.50 and a 1-year high of $218.51. The firm has a market capitalization of $44.81 billion, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 0.59 and a beta of 2.29. The firm’s fifty day moving average price is $193.87 and its two-hundred day moving average price is $173.92. 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 company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, January 31st. Targa Resources’s payout ratio is currently 54.25%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRGP. US Capital Advisors lowered shares of Targa Resources from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Morgan Stanley increased their target price on shares of Targa Resources from $173.00 to $202.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their target price 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. UBS Group increased their target price on shares of Targa Resources from $182.00 to $246.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, The Goldman Sachs Group increased their target price 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. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Targa Resources currently has an average rating of “Buy” and an average target price of $189.21.

Targa Resources Company 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.