Sun Sep 15 14:55:18 UTC 2024: ## Institutional Investors Show Strong Interest in Targa Resources

**New York, NY (MarketBeat News) -** Meeder Advisory Services Inc. has increased its stake in Targa Resources Corp. (NYSE: TRGP) by 27.2% during the second quarter, according to the company’s latest 13F filing with the SEC. The fund now owns 4,942 shares of the pipeline company, valued at $636,000.

This move by Meeder Advisory Services follows a trend of increased institutional interest in Targa Resources. Several other major investors have also boosted their holdings in the company, including Vanguard Group Inc., Blackstone Inc., Westwood Holdings Group Inc., and Price T Rowe Associates Inc. MD.

“The strong institutional interest in Targa Resources reflects the company’s robust performance and its position in the growing midstream energy sector,” said a MarketBeat analyst. “Targa Resources’ focus on natural gas and NGL infrastructure is particularly attractive in the current market environment.”

Targa Resources has also received positive ratings from several analysts. Wells Fargo & Company, JPMorgan Chase & Co., Truist Financial, Argus, and Royal Bank of Canada have all upgraded their price targets for the company. The stock currently has an average rating of “Buy” and a consensus price target of $140.54, according to MarketBeat data.

Despite positive signs, insider trading activity has also been noted. Robert Muraro, an insider, sold 9,900 shares of the company’s stock in a transaction on June 28th. However, the company remains confident in its growth prospects.

Targa Resources, along with its subsidiary Targa Resources Partners LP, operates a diverse portfolio of midstream infrastructure assets across North America. The company’s operations include gathering, processing, transporting, and selling natural gas, as well as handling NGLs and crude oil.

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