Universal Beteiligungs und Servicegesellschaft mbH Has $34.03 Million Stake in Targa Resources, Inc. $TRGP

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Targa Resources, Inc. (NYSE:TRGP) by 14.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,462 shares of the pipeline company’s stock after purchasing an additional 24,738 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Targa Resources worth $34,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Disciplina Capital Management LLC acquired a new position in shares of Targa Resources during the 1st quarter worth about $46,000. Hilltop National Bank acquired a new position in shares of Targa Resources during the 2nd quarter worth approximately $63,000. Private Trust Co. NA increased its position in shares of Targa Resources by 57.1% during the 2nd quarter. Private Trust Co. NA now owns 476 shares of the pipeline company’s stock worth $83,000 after purchasing an additional 173 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Targa Resources by 61.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 483 shares of the pipeline company’s stock worth $84,000 after purchasing an additional 183 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of Targa Resources in the 2nd quarter valued at approximately $98,000. 92.13% of the stock is owned by institutional investors.

Targa Resources Stock Down 2.6%

Targa Resources stock opened at $168.56 on Tuesday. The company’s 50-day moving average price is $161.91 and its two-hundred day moving average price is $164.51. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 5.93. The stock has a market cap of $36.18 billion, a P/E ratio of 23.84, a P/E/G ratio of 0.91 and a beta of 1.16. Targa Resources, Inc. has a twelve month low of $144.14 and a twelve month high of $218.51.

Targa Resources (NYSE:TRGP) last posted its earnings results on Wednesday, November 5th. The pipeline company reported $2.20 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.02). The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.70 billion. Targa Resources had a net margin of 8.99% and a return on equity of 43.35%. As a group, analysts expect that Targa Resources, Inc. will post 8.15 EPS for the current year.

Targa Resources Dividend Announcement

The firm also recently declared 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 was Friday, October 31st. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Targa Resources’s dividend payout ratio is 53.19%.

Analyst Ratings Changes

TRGP has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Targa Resources from $189.00 to $188.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Mizuho decreased their price objective on shares of Targa Resources from $212.00 to $207.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. JPMorgan Chase & Co. upped their target price on shares of Targa Resources from $214.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. BMO Capital Markets raised their target price on shares of Targa Resources from $185.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Finally, Morgan Stanley lifted their price target on Targa Resources from $240.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.86.

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.