<div id="readability-page-1"><p>Braun Stacey Associates Inc. trimmed its stake in shares of  Targa Resources, Inc. (NYSE:TRGP - Free Report) by 98.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,050 shares of the pipeline company's stock after selling 126,437 shares during the quarter. Braun Stacey Associates Inc.'s holdings in Targa Resources were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>Targa Resources</strong> alerts:</span></p></div><ul><li>3 S&amp;P 500 Stocks With Sky High Risk-Adjusted Returns</li></ul><p>A number of other institutional investors have also modified their holdings of the stock. Nordea Investment Management AB lifted its stake in shares of  Targa Resources by 260.2% in the 2nd quarter. Nordea Investment Management AB now owns 128,911 shares of the pipeline company's stock worth $22,526,000 after acquiring an additional 93,119 shares during the period.  Aberdeen Group plc raised its holdings in  Targa Resources by 17.6% during the second quarter. Aberdeen Group plc now owns 175,571 shares of the pipeline company's stock worth $30,563,000 after purchasing an additional 26,318 shares in the last quarter.  OFI Invest Asset Management lifted its position in  Targa Resources by 6.5% in the second quarter. OFI Invest Asset Management now owns 243,628 shares of the pipeline company's stock valued at $42,411,000 after purchasing an additional 14,883 shares during the period.  Allianz Asset Management GmbH boosted its holdings in  Targa Resources by 34.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,270,128 shares of the pipeline company's stock valued at $221,104,000 after purchasing an additional 323,398 shares in the last quarter.  Finally, Freemont Management S.A. increased its position in  Targa Resources by 30.7% during the 2nd quarter. Freemont Management S.A. now owns 26,400 shares of the pipeline company's stock worth $4,596,000 after purchasing an additional 6,200 shares during the period. Institutional investors and hedge funds own  92.13% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In other news, insider Gerald R. Shrader sold 2,750 shares of the company's stock in a transaction on Friday, December 5th. The stock was sold at an average price of $181.21, for a total value of $498,327.50. Following the sale, the insider directly owned 29,561 shares in the company, valued at $5,356,748.81. This represents a 8.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, insider D. Scott Pryor sold 20,000 shares of Targa Resources stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $172.21, for a total value of $3,444,200.00. Following the sale, the insider owned 22,139 shares of the company's stock, valued at approximately $3,812,557.19. This represents a 47.46% decrease in their position. The SEC filing for this sale provides additional information. 1.34% of the stock is currently owned by corporate insiders. </p><h2>Analyst Ratings Changes</h2><ul><li>The Top 5 Performing S&amp;P 500 Stocks YTD in 2024</li></ul><p>TRGP has been the subject of several recent analyst reports. Weiss Ratings  reissued a &#34;buy (b-)&#34; rating on shares of Targa Resources in a report on Wednesday, October 8th. The Goldman Sachs Group reduced their target price on Targa Resources from $189.00 to $188.00 and set a &#34;buy&#34; rating for the company in a report on Thursday, November 13th. UBS Group  restated a &#34;buy&#34; rating and set a $228.00 target price on shares of Targa Resources in a research report on Tuesday, December 2nd. Stifel Nicolaus  set a $213.00 price target on shares of Targa Resources in a report on Thursday, November 6th. Finally, BMO Capital Markets raised their price objective on shares of Targa Resources from $185.00 to $196.00 and gave the company an &#34;outperform&#34; rating in a research note on Thursday, November 6th. One research analyst  has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Targa Resources  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $210.79.</p><p><b>View Our Latest Report on TRGP</b></p><h2>Targa Resources Price Performance</h2><ul><li>Oil &amp; Gas Are Moving In August, Here Are The 3 Industry Favorites</li></ul><p>Targa Resources stock opened at $184.63 on Friday. The firm has a market capitalization of $39.63 billion, a PE ratio of 24.55, a P/E/G ratio of 1.07 and a beta of 0.87. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $218.51. The firm's 50-day simple moving average is $173.04 and its 200 day simple moving average is $168.05. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 5.91. </p><p>Targa Resources (NYSE:TRGP - Get Free Report) last announced its earnings results on Wednesday, November 5th. The pipeline company reported $2.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.22 by ($0.02). The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.70 billion. Targa Resources had a return on equity of 51.87% and a net margin of 9.35%. On average, equities research analysts predict that  Targa Resources, Inc. will post 8.15 EPS for the current fiscal year. </p><h2>Targa Resources Announces Dividend</h2><p>The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. Targa Resources's dividend payout ratio  is presently 53.19%. </p><h2>Targa Resources Company Profile</h2> (Free Report)<p>Targa Resources Corporation <span>NYSE: TRGP<span></span></span> is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.  </p><p>The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.</p><h2>Read More</h2><ul><li>Five stocks we like better than Targa Resources</li><li>GOLD ALERT</li><li>If You Keep Cash In A U.S. Bank Account… Read This NOW</li><li>The $100 Trillion AI Story No One Is Telling You</li><li>Bombshell Exposé on China Strikes</li><li>Do not delete, read immediately</li></ul><p><strong>Want to see what other hedge funds are holding TRGP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Targa Resources, Inc. (NYSE:TRGP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRSR1A?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRSR1A"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Targa Resources Right Now?</h2><p>Before you consider Targa Resources, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Targa Resources wasn't on the list.</p><p>While Targa Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

TRGP

<p>Braun Stacey Associates Inc. significantly reduced its stake in Targa Resources, Inc. by 98.4% in Q3, now holding only 2,050 shares valued at $343,000. Other institutional investors have increased their positions, with Nordea Investment Management raising its stake by 260.2%. Insider trading activity includes sales by Gerald R. Shrader and D. Scott Pryor, reducing their holdings. Analyst ratings for Targa Resources remain positive, with a consensus rating of "Moderate Buy" and an average price target of $210.79. Targa's stock opened at $184.63, with a market cap of $39.63 billion.</p>

Braun Stacey Associates Inc. Trims Stock Position in Targa Resources, Inc. $TRGP