Yeomans Consulting Group Inc. Has $456,000 Holdings in Targa Resources Corp. (NYSE:TRGP)

Yeomans Consulting Group Inc. trimmed its holdings in Targa Resources Corp. (NYSE:TRGP) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,552 shares of the pipeline company’s stock after selling 197 shares during the period. Yeomans Consulting Group Inc.’s holdings in Targa Resources were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Mutual Advisors LLC acquired a new position in Targa Resources in the 4th quarter valued at $269,000. Janney Montgomery Scott LLC increased its position in shares of Targa Resources by 7.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 48,289 shares of the pipeline company’s stock worth $8,620,000 after purchasing an additional 3,327 shares during the period. Advisory Alpha LLC lifted its position in Targa Resources by 8.0% during the fourth quarter. Advisory Alpha LLC now owns 3,520 shares of the pipeline company’s stock worth $628,000 after purchasing an additional 260 shares during the period. Simon Quick Advisors LLC acquired a new stake in Targa Resources during the fourth quarter worth about $257,000. Finally, Atomi Financial Group Inc. bought a new position in Targa Resources in the 4th quarter valued at about $271,000. 92.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Julie H. Boushka sold 3,260 shares of Targa Resources stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.74, for a total transaction of $621,812.40. Following the completion of the transaction, the chief accounting officer now owns 35,143 shares of the company’s stock, valued at $6,703,175.82. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider D. Scott Pryor sold 30,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.33, for a total transaction of $5,709,900.00. Following the sale, the insider now directly owns 82,979 shares in the company, valued at $15,793,393.07. This trade represents a 26.55 % decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is owned by insiders.

Targa Resources Trading Up 0.1 %

TRGP opened at $211.58 on Friday. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.77 and a quick ratio of 0.61. Targa Resources Corp. has a fifty-two week low of $83.35 and a fifty-two week high of $218.51. The company’s 50 day moving average price is $192.80 and its two-hundred day moving average price is $165.43. The firm has a market capitalization of $46.14 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 0.63 and a beta of 2.30.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.17. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Targa Resources had a net margin of 7.65% and a return on equity of 27.59%. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, research analysts predict that Targa Resources Corp. will post 6.42 earnings per share for the current year.

Targa Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. Targa Resources’s dividend payout ratio (DPR) is 54.25%.

Analyst Ratings Changes

A number of analysts have recently weighed in on TRGP shares. Bank of America initiated coverage on shares of Targa Resources in a report on Thursday, October 17th. They set a “buy” rating and a $182.00 price target for the company. Wells Fargo & Company raised their target price on Targa Resources from $190.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Stifel Nicolaus boosted their price target on Targa Resources from $190.00 to $224.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial reduced their price objective on Targa Resources from $225.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Finally, Barclays boosted their target price on Targa Resources from $171.00 to $204.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Targa Resources presently has an average 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.