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Here is a breakdown of major shareholders in Targa Resources Corp (NYSE: TRGP)

Targa Resources Corp (NYSE: TRGP) is 52.98% higher on its value in year-to-date trading and has touched a low of $76.61 and a high of $133.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRGP stock was last observed hovering at around $132.41 in the last trading session, with the day’s gains setting it 0.48%.

Currently trading at $132.89, the stock is 4.85% and 10.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing 0.36% at the moment leaves the stock 33.34% off its SMA200. TRGP registered 72.54% gain for a year compared to 6-month gain of 57.55%.

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The stock witnessed a 12.61% loss in the last 1 month and extending the period to 3 months gives it a 16.15%, and is 1.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.40% over the week and 1.91% over the month.

Targa Resources Corp (TRGP) has around 3182 employees, a market worth around $29.46B and $15.92B in sales. Current P/E ratio is 27.28 and Fwd P/E is 18.95. Profit margin for the company is 6.87%. Distance from 52-week low is 73.46% and -0.67% from its 52-week high. The company has generated returns on investments over the last 12 months (7.16%).

The EPS is expected to grow by 46.41% this year

The shares outstanding are 222.61M, and float is at 217.82M with Short Float at 1.65%.

Targa Resources Corp (TRGP) Insider Activity

The most recent transaction is an insider sale by Muraro Robert, the company’s Chief Commercial Officer. SEC filings show that Muraro Robert sold 9,900 shares of the company’s common stock on Jun 28 ’24 at a price of $130.31 per share for a total of $1.29 million. Following the sale, the insider now owns 0.19 million shares.

Targa Resources Corp disclosed in a document filed with the SEC on Jun 26 ’24 that Muraro Robert (Chief Commercial Officer) sold a total of 100 shares of the company’s common stock. The trade occurred on Jun 26 ’24 and was made at $130.00 per share for $13000.0. Following the transaction, the insider now directly holds 0.2 million shares of the TRGP stock.

Still, SEC filings show that on Jun 10 ’24, Muraro Robert (Chief Commercial Officer) disposed off 10,000 shares at an average price of $120.08 for $1.2 million. The insider now directly holds 196,951 shares of Targa Resources Corp (TRGP).

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