Targa Resources Ownership
| TRGP Stock | USD 204.30 2.91 1.44% |
Shares in Circulation | First Issued 2009-09-30 | Previous Quarter 221.9 M | Current Value 220 M | Avarage Shares Outstanding 146.3 M | Quarterly Volatility 94.3 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Targa |
Targa Stock Ownership Analysis
About 92.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.2. Targa Resources recorded earning per share (EPS) of 5.54. The entity last dividend was issued on the 31st of October 2024. Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company was incorporated in 2005 and is headquartered in Houston, Texas. Targa Resources operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 2430 people. To find out more about Targa Resources contact Matthew Meloy at 713 584 1000 or learn more at https://www.targaresources.com.Besides selling stocks to institutional investors, Targa Resources also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different Targa Resources' stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align Targa Resources' strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
Targa Resources Quarterly Liabilities And Stockholders Equity |
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Targa Resources Insider Trades History
Only 1.4% of Targa Resources are currently held by insiders. Unlike Targa Resources' institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against Targa Resources' private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of Targa Resources' insider trades
Targa Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Targa Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Targa Resources backward and forwards among themselves. Targa Resources' institutional investor refers to the entity that pools money to purchase Targa Resources' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | T. Rowe Price Associates, Inc. | 2024-06-30 | 3.1 M | Fmr Inc | 2024-09-30 | 2.9 M | Goldman Sachs Group Inc | 2024-06-30 | 2.4 M | Norges Bank | 2024-06-30 | 2.3 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 2.2 M | Chickasaw Capital Management, Llc | 2024-09-30 | 2.2 M | Legal & General Group Plc | 2024-06-30 | 2.1 M | Northern Trust Corp | 2024-09-30 | 2 M | Kayne Anderson Capital Advisors Lp | 2024-09-30 | 1.9 M | Vanguard Group Inc | 2024-09-30 | 27 M | Blackrock Inc | 2024-06-30 | 20.6 M |
Targa Resources Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Targa Resources insiders, such as employees or executives, is commonly permitted as long as it does not rely on Targa Resources' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Targa Resources insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Targa Resources Outstanding Bonds
Targa Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Targa Resources uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Targa bonds can be classified according to their maturity, which is the date when Targa Resources has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| TRGP 42 01 FEB 33 Corp BondUS87612GAA94 | View | |
| TRGP 495 15 APR 52 Corp BondUS87612GAB77 | View | |
| TRGP 6125 15 MAR 33 Corp BondUS87612GAC50 | View | |
| TRGP 65 15 FEB 53 Corp BondUS87612GAD34 | View | |
| TRGP 52 01 JUL 27 Corp BondUS87612KAA07 | View | |
| TRGP 625 01 JUL 52 Corp BondUS87612KAC62 | View | |
| TARGA RES PARTNERS Corp BondUS87612BBG68 | View | |
| TARGA RES PARTNERS Corp BondUS87612BBL53 | View |
Targa Resources Corporate Filings
F4 | 19th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 8th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
8K | 5th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 6th of August 2024 Other Reports | ViewVerify |
Pair Trading with Targa Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Targa Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Targa Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Targa Stock
| 0.74 | AM | Antero Midstream Partners | PairCorr |
| 0.95 | EE | Excelerate Energy | PairCorr |
| 0.93 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.84 | DLNG | Dynagas LNG Partners | PairCorr |
Moving against Targa Stock
| 0.91 | LPG | Dorian LPG | PairCorr |
| 0.85 | NAT | Nordic American Tankers | PairCorr |
| 0.76 | GEL | Genesis Energy LP | PairCorr |
| 0.71 | FRO | Frontline | PairCorr |
| 0.69 | PXSAW | Pyxis Tankers | PairCorr |
The ability to find closely correlated positions to Targa Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Targa Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Targa Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Targa Resources to buy it.
The correlation of Targa Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Targa Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Targa Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Targa Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Targa Stock Analysis
When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.